PayPal has announced the expansion of its dollar-backed stablecoin, PayPal USD (PYUSD), to 70 markets worldwide.
With this rollout, PYUSD will be integrated directly into PayPal accounts across newly supported markets. These include regions in Africa, Asia-Pacific, Europe, Latin America and the Middle East.
“Consumers and businesses around the world are looking for faster, more seamless ways to transact globally, and the current system still charges too much, takes too long,” said May Zabaneh, Senior Vice President and General Manager of Crypto at PayPal. She added that expanding PYUSD access gives users “faster access to their funds” and a more direct path to participating in the global economy.
PayPal is placing particular emphasis on emerging markets, including Africa, where cross-border payments remain costly and fragmented.
“Bringing PYUSD to Africa is about delivering tangible value to the people and businesses driving growth in these dynamic markets,” said Otto Williams, Senior Vice President and General Manager of the Middle East and Africa, PayPal. “Consumers gain a flexible, stable way to move funds faster, while businesses can streamline cross-border payments, improve settlement times, and unlock new opportunities for growth. By increasing access to a regulated, USD-backed digital currency, we’re breaking down barriers and helping reduce friction in global commerce across the region.”
Users in supported markets can now use PYUSD to buy, hold, send, and receive PYUSD directly within their PayPal accounts, transfer funds to friends and family, including to third-party digital wallets, convert PYUSD into local currency for everyday spending and earn rewards on PYUSD holdings (where available).
For businesses, the benefits are more operational. Merchants that accept PYUSD can access funds in minutes rather than waiting days or weeks, improving cash flow and enabling smoother cross-border operations.
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Also Read: How Stablecoins Drive Modern-Day Digital Assets and Innovation in Africa