PayPal Expands PYUSD Stablecoin to 70 Countries

PayPal, the global payments giant, announced an expansion of its U.S. dollar-backed stablecoin, PayPal USD (PYUSD), to users in 70 countries worldwide, marking a significant push into international digital payments. The rollout, effective this month, allows customers in newly supported markets to buy, hold, send, receive and transfer the token directly through their PayPal accounts, building on its prior availability only in the United States and United Kingdom.

The expansion covers 68 additional countries across regions including Asia-Pacific, Europe, Latin America, Africa and North America. Examples include Singapore, Peru, Guatemala, Uganda, Colombia, Malawi, Brazil, Nigeria, Vietnam and Turkey. Users can now convert local currencies to PYUSD for peer-to-peer transfers or online purchases, with options to send the stablecoin to third-party cryptocurrency wallets or withdraw it as local fiat currency. In markets like Peru and Malawi, where previous restrictions forced immediate withdrawals in local currency or barred wallet balances, PYUSD enables users to store funds in dollar-pegged form, reducing cross-border fees and currency conversion hurdles.