PayPal将在Stellar（XLM）上部署其Pyusd Stablecoin

PayPal在6月11日星期三宣布，它计划在支持Stablecoin的第三个区块链网络上部署Pyusd（XLM）。

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

贝宝（Paypal）将在6月14日星期三宣布，贝帕尔（XLM）是支持其Stablecoin Pyusd的第三个区块链网络。

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是第三代开源区块链，跨越了70多个国家。从初创公司到跨国组织，各种各样的公司都使用它在各个行业创建创新的解决方案。

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.

该平台特别适合处理跨境支付和汇款，原因是其速度，低交易费用以及对多种货币的支持。

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.

尽管恒星采用落后于更受欢迎的Stablecoin连锁店，例如以太坊（ETH）和Solana（Sol），但PayPal的到达技术表明，主要的支付处理器的有力信任表明。

Stablecoins on Stellar

在恒星上的稳定币

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

Stellar目前至少支持发行人的十二个稳定者，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，这些主要是利基稳定的，具有相对较小的市值。

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

但是，贝宝（Paypal）到达现场可能会改变这一点。

PYUSD Adoption

Pyusd采用

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.

尽管USDC和Tether的USDT仍在巨大的数量中领先，但在2025年第一季度，Pyusd就链式速度取代了领先的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.

该度量可以衡量在给定时期内每种稳定剂的频率。高速度表示主动交易或频繁用于付款。

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

另一方面，低速表明将更多的硬币固定为储备或抵押品。

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.

可能会推动PYUSD速度的一个因素是PayPal将Stablecoin的融合不断扩展到其零售平台，尤其是对于接受国际付款的商人而言。

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释贝宝（Paypal）将Stellar作为其第三个支持区块链的决定。

Stellar Advantages for Stablecoins

稳定的稳定优势

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

与某些同行相比，Stellar为Stablecoin交易提供了几个不同的优势。

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.

凭借低于五次的终结性，Stellar的共识机制明显快于以太坊。同时，网络没有困扰索拉纳的任何停机时间。

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

与其他连锁店收取的可变，有时甚至是高费用相比，Stellar还旨在保持低和可预测的费用。

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

最终，通过锚网网络将区块链插入超过475,000个坡道和322,000个外坡道。

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

如果PayPal将PYUSD集成到零售付款流量中，那么对法定掉期的支持可能是一个至关重要的功能。