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PayPal Expands PYUSD to Stellar Blockchain for Enhanced Cross-Border Transactions
đ PYUSD Now Live on Stellar Blockchain
While PYUSD launched originally on Ethereum and later on Solana (May 2024) , the most recent expansion announced involves making PYUSD available on the Stellar network. This move adds Stellar to the list of supported chains, enabling faster, cheaper cross-chain transfers and boosting operational flexibility.
đ Why Stellar Matters
Cost & Speed: Stellar is renowned for ultra-low fees and high transaction throughputâideal for stablecoin usage.
Cross-Border Payments: Stellarâs existing infrastructure in cross-border remittances aligns perfectly with PayPalâs goals for PYUSD to power global transfers.
Interoperability: Expanding to Stellar enhances PYUSD's reach across different blockchain ecosystems, streamlining on-ramping and off-ramping processes.
đ PYUSDâs Broader Blockchain Strategy
April 2024: Xoom began allowing U.S. users to fund international transfers using PYUSD, withdrawing USD into more than 160 countries with zero fees .
Nov 2024: Xoom partnered with Cebuana Lhuillier (Philippines) and Yellow Card (Africa) to settle cross-border remittances with PYUSD, enabling 24/7 settlements .
2025 Expansion: PayPal announced plans to integrate PYUSD into merchant bill-pay offerings and payout systems like Hyperwallet, with global merchant adoption aimed by late 2025 .
âïž What's Driving This
Goal Description
Reduced friction & costs Blockchain rails avoid traditional banking fees and delays. 24/7 operations Transfers settle outside banking hoursâkey for SMEs and remittances. Global inclusion Reaching underbanked communities via local partners in Asia, Africa, and beyond. Crypto rails in traditional finance Integrating stablecoins strengthens PayPalâs leadership in digital payments.
đ§ Whatâs Next?
Enhanced developer tools for PYUSD on Ethereum, Solana, and now Stellar, enabling use in wallets, DeFi apps, and merchant integrations. PXRV
Continued rollout of merchant-facing tools .