PayPal Expands PYUSD Stablecoin to 70 Global Markets to Boost Cross-Border Remittances

Key Facts

1PayPal announced the expansion of its PYUSD stablecoin availability to 70 new global markets.

2Eligible users can buy, hold, send, and receive PYUSD, and transfer it to external wallets or local currencies.

PayPal announced the expansion of its PYUSD stablecoin availability to 70 new global markets to enhance cross-border remittance capabilities. Crypto Briefing reported that eligible users can now buy, hold, send, and receive the dollar-pegged asset, with options to transfer holdings to external digital wallets or convert them into local currencies upon withdrawal.

PYPL closed at $52.60 on September 24, 2026, as the company scales its crypto ecosystem across Asia-Pacific, Europe, and Latin America. According to TokenPost, the stablecoin is issued by Paxos Trust and backed by U.S. dollar deposits and Treasuries, though PayPal noted that rewards on holdings remain unavailable for users in Singapore and the United Kingdom.