While many enterprises may view stablecoin strictly as a crypto trading asset, PayPal is leveraging its own stablecoin, PYUSD, to overhaul cross-border corporate payments and global commerce.

Each PYUSD token is redeemable 1:1 for US dollar, and is backed by cash, US dollar deposits and short-term US Treasuries held by Paxos Trust Company under a federal banking charter.

PYUSD modernises international trade by replacing multi-day settlement chains with instant, public-ledger transfers Merchants gain immediate access to incoming funds, which drastically improves corporate working capital management and eliminates reliance on traditional bank closing times.

“ 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 and settles on timelines that were designed for a different era,” says May Zabaneh, Senior Vice President and General Manager of Crypto for PayPal.

“ We are working to change that. Enabling PYUSD in users’ accounts across 70 markets gives people faster access to their funds, lowercost ways to send money across borders and a more direct path to participating in the global economy, and that is what drives commerce forward for everyone.”

116 October 2026

Fintech Magazine October 2026 | Page 116

While many enterprises may view stablecoin strictly as a crypto trading asset, PayPal is leveraging its own stablecoin, PYUSD, to overhaul cross-border corporate payments and global commerce.