Key Takeaways
- YouTube now allows US creators to receive payouts in PayPal’s stablecoin PYUSD.
- PayPal’s stablecoin integration expands digital payments capabilities without requiring platforms to handle crypto directly.
YouTube has started allowing it makers in the US to choose PayPal’s flagship stablecoin, PYUSD, as their payout option, Fortune reported Thursday.
The integration, confirmed by PayPal head of crypto, May Zabaneh builds on PayPal’s business payout network and does not require direct crypto processing from YouTube. YouTube, already a PayPal customer, adopted this option after PayPal unlocked stablecoin payout capabilities earlier this year.
Launched in August 2023 with Paxos as issuer, PYUSD is built to enable smooth conversions, cross-border transfers, subscriptions, vendor payments, and near-instant settlement within PayPal’s ecosystem. It focuses on daily trading, with the aim of reducing delays at banks shield users against volatility risks.
PYUSD has gained popularity and is now part of the stablecoins supported by Visa’s stablecoin settlement platform, alongside Global Dollar (USDG) and Circle’s EURC. According to CoinGecko, the token, has become the sixth largest stablecoin, with a market capitalization of $3.9 billion.
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