PayPal to bring its Stablecoin to stellar blockchain

PayPal has shared plans to introduce its PayPal USD (PYUSD) stablecoin on the Stellar blockchain, waiting for approval from New York’s financial regulators. Stellar is a fast, low-cost platform built for easy payments, and this move aims to make PYUSD more useful for everyday transactions. Already available on Ethereum and Solana, PYUSD could reach over 170 countries through Stellar, helping small businesses and people in growing markets.

This step will make cross-border payments quicker and cheaper, perfect for sending money abroad or supporting small businesses with fast cash flow. Stellar’s low fees, often less than a penny, and quick transactions, under five seconds, make it great for small payments or remittances. PayPal also wants to explore “PayFi,” a new way for businesses to get instant funds to pay suppliers or manage stock, all settled instantly on Stellar.

Denelle Dixon, head of the Stellar Development Foundation, said this partnership will turn stablecoins into practical tools for millions. PayPal’s blockchain leader, May Zabaneh, added that Stellar’s strong network, with partners like MoneyGram, will make PYUSD easier to use globally. However, the plan needs final approval, which might take a couple of months based on past timelines. This move shows PayPal’s push to blend digital money with real-world needs, making payments smoother for everyone.