--- title: "PayPal Aims to Drive PYUSD Stablecoin Adoption Among 20 Million Merchants in 2025" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/229859492.md" description: "PayPal is transitioning its PayPal USD (PYUSD) stablecoin from an experimental phase to a broader business strategy, aiming to integrate it into cross-border payments and existing operations. By the end of 2025, PayPal plans to enable over 20 million small and medium-sized merchants to use PYUSD for payments, including bill payments to vendors. The stablecoin, backed by U.S. dollar reserves, aims to streamline international transactions and reduce currency conversion friction. Despite a decline in market cap, PayPal remains optimistic about PYUSD's potential to drive growth, particularly in cross-border payments." datetime: "2025-02-27T06:32:46.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/229859492.md) - [en](https://longbridge.com/en/news/229859492.md) - [zh-HK](https://longbridge.com/zh-HK/news/229859492.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/229859492.md) | [English](https://longbridge.com/en/news/229859492.md) # PayPal Aims to Drive PYUSD Stablecoin Adoption Among 20 Million Merchants in 2025 ## PayPal Expands PYUSD Stablecoin Beyond Experimentation PayPal is shifting its PayPal USD (PYUSD) stablecoin away from its experimental phase and into a broader business strategy. Following a series of updates shared at the company's recent investor day in New York, executives detailed their ambitious goals for the stablecoin, including integration into both cross-border payments and existing business operations. > 🔥 NEW: PayPal plans to expand the integration of its stablecoin, PYUSD. > > By the end of the year, PayPal plans to enable its 20M+ small and medium sized merchants to use PYUSD for payments. pic.twitter.com/ig90v5MaKs > > — Cointelegraph (@Cointelegraph) February 26, 2025 ## PYUSD Integration Into Merchants' Bill Payments One of PayPal's key plans for PYUSD is its integration into the company's bill-pay product, which will allow merchants to pay vendors using the stablecoin. > ⚡️ JUST IN: PayPal plans to boost $PYUSD adoption in 2025 with a bill payment product, enabling 20M+ merchants to pay suppliers via stablecoin, enhancing efficiency. #CryptoNews#PayPal#Stablecoinpic.twitter.com/0XWYrRjRwe > > — CryptoMarketControl (@CryptoMarketCon) February 26, 2025 This feature is expected to roll out later in 2025, marking a significant expansion for PYUSD. Michelle Gill, PayPal’s General Manager for Small and Medium Enterprises, shared with Bloomberg, > "The thesis was: Can we facilitate that on PYUSD rails so as not to have the currency conversion, the friction, as well as time?" This move will give businesses an alternative to traditional currency conversions and time-consuming international transfers. ## Cross-Border Payments: Reducing Friction in Global Transactions A major focus of PayPal's PYUSD initiative is addressing the challenges faced by U.S. merchants when making cross-border payments. The company aims to streamline international transactions, reducing the need for currency conversion and cutting down on transaction times. With PYUSD’s backing by U.S. dollar reserves, short-term Treasuries, and cash equivalents, PayPal’s stablecoin could offer a more efficient and cost-effective option for companies looking to engage in international business. ## Future Expansion Plans for PYUSD After launching PYUSD in August 2023, initially limited to Ethereum, PayPal has expanded the stablecoin's availability to additional blockchains. In May 2024, support was added for Solana, followed by integration with Cardano in January 2025. These moves are designed to make PYUSD more accessible and practical for both business transactions and everyday purchases. ## Hyperwallet to Facilitate PYUSD Payouts PayPal is also enhancing the utility of PYUSD by integrating it into Hyperwallet, a global payment service acquired in 2018. Hyperwallet facilitates mass payouts to freelancers, contractors, and sellers worldwide. > Stablecoins are becoming essential for global commerce in 2025 > > Yesterday at its investor day, PayPal announced $PYUSD expansion to Hyperwallet, cutting fees and speeding up international payments, for millions of businesses 💼 > > Soon you'll be able to pay companies like… pic.twitter.com/OuPrGqEWYP > > — BrotherHood (@BHVenture) February 26, 2025 By the end of Q2 2025, PayPal plans to allow businesses to send payments in PYUSD, further driving adoption of the stablecoin. This expansion will give more users access to PYUSD’s benefits in global transactions, as PayPal continues to refine its strategy for incorporating digital assets. ## PYUSD’s Role in PayPal’s Growth Despite a decline in PYUSD’s market cap from over $1 billion to $704 million due to market fluctuations, PayPal remains optimistic about the stablecoin’s potential. The company is betting on international transactions to drive future growth. Gill noted that “a lot of the payments we’re expecting are going to be cross-border because merchants in the US are seeking to pay vendors and suppliers abroad.” With PayPal setting a target to grow its earnings by 20% by 2027, the integration of PYUSD across various platforms is seen as key to achieving this goal. > My quick take on $PYPL@PayPal after their impressive Investor Day yesterday: > > We can now call this PayPal 2.0, as most of the executive team joined the company less than 15 months ago. > > Their new aspiration is to transform from a payments company into a commerce platform, with… pic.twitter.com/8HR33NI6tS > > — Kent (@KentEkasak) February 26, 2025 The company’s efforts to streamline cross-border payments, reduce friction in business transactions, and expand into new blockchain networks demonstrate its commitment to the future of digital currency. PayPal CEO Alex Chriss also emphasised the long-term vision, explaining that while the company has been involved in blockchain technology for nearly a decade, only now can the concept "actually start to spend." As the company works to integrate digital assets into its ecosystem, PYUSD is set to play an essential role in PayPal’s ongoing evolution. ### 相關股票 - [Paypal (PYPL.US)](https://longbridge.com/zh-HK/quote/PYPL.US.md) ## 相關資訊與研究 - [PayPal's Venmo Launches Cross-Border Payments With PayPal Users](https://longbridge.com/zh-HK/news/280180560.md) - [Here's How Much $100 Invested In abrdn Physical Silver Shares ETF 10 Years Ago Would Be Worth Today](https://longbridge.com/zh-HK/news/281394387.md) - [Destiny Tech100 Stock Rises After SpaceX IPO Rumors](https://longbridge.com/zh-HK/news/281415250.md) - [BREAKINGVIEWS-SpaceX IPO will gauge market moxie more than depth](https://longbridge.com/zh-HK/news/281406751.md) - [Fired via email? Some of the 30,000 workers cut by Oracle woke up to a morning message saying they were laid off.](https://longbridge.com/zh-HK/news/281429821.md)