26-2-2025 – PayPal, the global payments titan, is set to broaden the integration of its native PYUSD stablecoin across more of its product offerings this year, according to Bloomberg reports. This strategic expansion aims to create a comprehensive ecosystem where the company’s 20 million merchants can fulfil their transaction needs under one umbrella.
The forthcoming bill-pay feature represents a significant advancement in PayPal’s stablecoin strategy, making it substantially more straightforward for merchants to conduct transactions using PYUSD. During Tuesday’s annual investor day, the company unveiled these ambitious plans alongside several new merchant product launches.
“A considerable portion of the transactions we anticipate will be cross-border, as American merchants look to pay international vendors and suppliers,” explained Michelle Gill, who oversees PayPal’s small business and financial services division. Gill highlighted that PYUSD rails would significantly reduce both currency conversion fees and payment delays that typically plague international transactions.
Alex Chriss, President and CEO of PayPal, reflected on the practical significance of this development in a Bloomberg interview: “We’ve spent nearly a decade discussing blockchains. These concepts only become tangible when people can actually spend them.”
In a notable development planned for this year, the payments behemoth will incorporate PYUSD stablecoin into Hyperwallet—one of PayPal’s strategic acquisitions that enables businesses to distribute payments to freelancers, contractors, and sellers worldwide. This integration represents a crucial step towards establishing stablecoins as a global payments system that reduces dependency on traditional banking infrastructure.
The company achieved a significant milestone last October when it successfully executed its first business transaction using its proprietary stablecoin. Jose Fernandez da Ponte, PayPal’s senior VP of crypto operations, noted that this transaction demonstrated alternative applications for cryptocurrencies, emphasising that “the speed and availability of settlement with this use case is far more attractive.”
The current regulatory climate appears favourable for such innovations. Da Ponte remarked on the sidelines of the investor day that the Trump administration is “very, very good for crypto,” adding: “The environment in the US has changed quite substantially. In the coming year, we’ll be enabling the US to catch up with the rest of the world.”
The growing importance of stablecoins in the financial ecosystem was underscored by Marc Boiron, CEO of Polygon Labs, who noted their surge to a USD 216.26 billion market cap. Boiron credited platforms like PayPal for enhancing their accessibility and functionality.
This expansion comes after PYUSD achieved a remarkable USD 1 billion market capitalisation in September 2024—less than a year after its initial launch
