PayPal USD (PYUSD) holders in 70 countries can now send, receive, and hold the stablecoin in their wallets, up from just the U.S. and U.K.
PayPal is a global fintech platform serving over 430 million consumers and 36 million merchants across roughly 200 countries.
PayPal Expands PYUSD Stablecoin Access to 70 Countries
The expansion targets markets in Africa, South America, and Asia where cross-border transfer costs and currency conversion friction remain high.
PayPal SVP and head of crypto, May Zabaneh, reportedly told Fortune that the roll-out covers 68 new countries, including Uganda, Colombia, and Peru.
Enterprise clients like YouTube already use PayPal’s payout infrastructure to distribute funds in PYUSD. PayPal has tested PYUSD for internal cross-border corporate fund transfers between its own entities.
Users in countries like Peru can now bypass forced local-currency withdrawals and hold funds in dollar-pegged PYUSD. In markets like Malawi, PYUSD activates wallet balances for the first time, enabling users to store value on the platform.
PYUSD holders in the U.S. earn 4% annually, a program extending a dollar-denominated savings layer to regions with limited access to USD-based instruments.
PYUSD’s market cap has surged toward $4.1 billion, up more than fivefold over the past year, per CoinGecko.
The GENIUS Act, signed into law in 2025, established the first U.S. federal framework for stablecoins, accelerating corporate adoption.
PayPal and Fiserv agreed to make their stablecoins interoperable, opening access to thousands of financial institutions.
Global remittance flows to low- and middle-income countries totaled $685 billion in 2024, a market stablecoins are now competing to capture.
