PayPal將在Stellar（XLM）上部署其Pyusd Stablecoin

PayPal在6月11日星期三宣布，它計劃在支持Stablecoin的第三個區塊鍊網絡上部署Pyusd（XLM）。

PayPal is adding Stellar (XLM) as the third blockchain network to support its stablecoin, PYUSD, the company announced on Wednesday, June 14.

貝寶（Paypal）將在6月14日星期三宣布，貝帕爾（XLM）是支持其Stablecoin Pyusd的第三個區塊鍊網絡。

Stellar is a third-generation, open-source blockchain that spans more than 70 countries. It’s used by a diverse range of companies, from startups to multinational organizations, to create innovative solutions in various industries.

Stellar是第三代開源區塊鏈，跨越了70多個國家。從初創公司到跨國組織，各種各樣的公司都使用它在各個行業創建創新的解決方案。

The platform is particularly well-suited for handling cross-border payments and remittances due to its speed, low transaction fees, and support for multiple currencies.

該平台特別適合處理跨境支付和匯款，原因是其速度，低交易費用以及對多種貨幣的支持。

While Stellar adoption lags behind more popular stablecoin chains like Ethereum (ETH) and Solana (SOL), PayPal’s arrival on the technology signals a powerful vote of confidence from a major payment processor.

儘管恆星採用落後於更受歡迎的Stablecoin連鎖店，例如以太坊（ETH）和Solana（Sol），但PayPal的到達技術表明，主要的支付處理器的有力信任表明。

Stablecoins on Stellar

在恆星上的穩定幣

Stellar currently supports at least a dozen stablecoins from issuers including Circle, GMO Trust, Novatti and Orokii.

Stellar目前至少支持發行人的十二個穩定者，包括Circle，GMO Trust，Novatti和Orokii。

With the exception of Circle’s USDC, these are mostly niche stablecoins with a relatively small market capitalization.

除Circle的USDC外，這些主要是利基穩定的，具有相對較小的市值。

However, PayPal’s arrival on the scene could change that.

但是，貝寶（Paypal）到達現場可能會改變這一點。

PYUSD Adoption

Pyusd採用

While USDC and Tether’s USDT still lead in sheer volume, in the first quarter of 2025, PYUSD overtook the leading stablecoins in terms of on-chain velocity.

儘管USDC和Tether的USDT仍在巨大的數量中領先，但在2025年第一季度，Pyusd就鍊式速度取代了領先的Stablecoins。

This metric measures how frequently each stablecoin changes hands within a given period. A high velocity indicates active trading or frequent use for payments.

該度量可以衡量在給定時期內每種穩定劑的頻率。高速度表示主動交易或頻繁用於付款。

On the other hand, a low velocity suggests more coins are held stationary as reserves or collateral.

另一方面，低速表明將更多的硬幣固定為儲備或抵押品。

One factor that may be driving up PYUSD velocity is PayPal’s growing integration of the stablecoin into its retail platform, especially for merchants accepting international payments.

可能會推動PYUSD速度的一個因素是PayPal將Stablecoin的融合不斷擴展到其零售平台，尤其是對於接受國際付款的商人而言。

PYUSD’s high transaction velocity and cross-border use cases could explain PayPal’s decision to tap Stellar as its third supported blockchain.

PYUSD的高交易速度和跨境用例可以解釋貝寶（Paypal）將Stellar作為其第三個支持區塊鏈的決定。

Stellar Advantages for Stablecoins

穩定的穩定優勢

Compared to some of its peers, Stellar offers several distinct advantages for stablecoin transactions.

與某些同行相比，Stellar為Stablecoin交易提供了幾個不同的優勢。

With sub-five-second finality, Stellar’s consensus mechanism is significantly faster than Ethereum’s. Meanwhile, the network hasn’ bật gặp any of the downtime that has plagued Solana.

憑藉低於五次的終結性，Stellar的共識機制明顯快於以太坊。同時，網絡沒有困擾索拉納的任何停機時間。

Stellar was also designed to keep fees low and predictable, in contrast to the variable and sometimes high fees charged by other chains.

與其他連鎖店收取的可變，有時甚至是高費用相比，Stellar還旨在保持低和可預測的費用。

Finally, the blockchain is plugged into over 475,000 on-ramps and 322,000 off-ramps via the anchor network.

最終，通過錨網網絡將區塊鏈插入超過475,000個坡道和322,000個外坡道。

This support for fiat swaps could be a crucial feature if PayPal is to integrate PYUSD into retail payment flows.

如果PayPal將PYUSD集成到零售付款流量中，那麼對法定掉期的支持可能是一個至關重要的功能。