PayPal Expands PYUSD to Stellar Network
PayPal Holdings confirmed bringing its PYUSD stablecoin to the Stellar blockchain network on June 11, strengthening the dollar-pegged token's position in cross-border remittances and payment financing. This expansion significantly improves the utility and reach of PYUSD by leveraging Stellar's fast and low-cost payment infrastructure. The integration enables more efficient cross-border payments and positions PYUSD to compete more effectively with other major stablecoins. PayPal's choice of Stellar demonstrates confidence in the network's payment-focused architecture.
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