Overview
- Access expands from the U.S. and U.K. to 70 countries across Asia‑Pacific, Europe, and Latin America, with markets such as Singapore, Peru, Guatemala, and Colombia live and more being added in phases.
- Eligible users can buy, hold, send, and receive PYUSD in PayPal accounts, transfer to third‑party wallets, or convert to local currency on withdrawal, while users in places like Peru and Malawi can now retain balances instead of being forced into immediate bank cash‑outs.
- PayPal says businesses accepting the token can access proceeds within minutes rather than days on traditional settlement cycles, improving cash flow for cross‑border commerce.
- Rewards on PYUSD balances are being extended internationally, though exclusions apply in some regions such as Singapore and the U.K., and U.S. users earn about 4% annually.
- PYUSD is issued by Paxos under U.S. oversight with 1:1 backing in dollar deposits and short‑term Treasuries, and circulation stands around $4.1 billion, well below leaders USDT and USDC.