PayPal Expands PYUSD Stablecoin to 70 Countries as Market Cap Tops $4 Billion

PayPal has extended its dollar-backed PYUSD stablecoin availability from just the U.S. and U.K. to 70 countries worldwide, including Uganda, Colombia, and Peru. This expansion aims to reduce cross-border transfer fees and enhance the speed and reward incentives for users holding PYUSD. The move solidifies PayPal's presence in digital currencies and sets the stage for further integration of PYUSD into its global payment services, with market capitalization surpassing $4 billion.