PayPal Expands its PYUSD Stablecoin Service to 70 Countries Worldwide

BlockBeats News, March 17th, Payment giant PayPal is significantly expanding the global availability of its stablecoin PayPal USD (PYUSD). May Zabaneh, the company's Head of Crypto, stated that starting this month, users can hold PYUSD in their PayPal wallets in 70 countries, a feature that was previously only available to users in the United States and the United Kingdom.

The newly supported countries are mainly located in South America, Africa, and Asia, including markets such as Uganda, Colombia, and Peru. These countries are part of around 200 operational countries for PayPal.

In February of this year, Enrique Lores (former HP executive) was appointed as PayPal's new CEO, as the company continues to advance its stablecoin and crypto payment strategy.