PYPAL users can now make their international withdrawals with PYUSD.
PayPal new stablecoin pyusd allows its users to use it for international payments and transfers.
US users can now convert USD to PYUSD and send money to people in around 160 different countries around the world without paying transaction fees.
With this strategic move, PayPal aligns with the overall goal of expanding stablecoin adoption launched last year, while cementing its position as a trusted entity in the digital asset space.
The public's acceptance of stable coins to overcome the disadvantages of fiat currencies and the current limitations of the traditional bank withdrawal system has led to the domination of stable coins on the cryptocurrency market more than in the past.
The use of stable coins and blockchain for withdrawals and financial transfers due to fees.
High Bain and the high seeding scale are very evident and it is expected that by the end of 2027, the market value of fiat-based stablecoins will reach over 1 trillion dollars.
Jerard Bartez
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