US PayPal customers will be able to use stablecoin for international payments
Silicon Valley-based payments giant PayPal is again looking to expand the use of its PYUSD stablecoin. The company announced that starting Thursday, U.S. clients will be able to send international money transfers using the company's PYUSD stablecoin. Through its cross-border payments service, Xoom, U.S. customers can now convert PYUSD to USD and then send money to "recipients in approximately 160 countries" without being charged transaction fees, PayPal said in a statement.
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