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YouTube Taps PayPal to Bring Stablecoin Payments to Its Platform
Source: CryptoBriefing Original Title: YouTube taps PayPal to bring stablecoin payments to its platform Original Link: https://cryptobriefing.com/stablecoin-payouts-youtube-paypal/
Key Takeaways
YouTube has begun allowing creators in the US to choose PayPal’s flagship stablecoin, PYUSD, as their payout option.
The integration, confirmed by PayPal’s head of crypto, May Zabaneh, builds on PayPal’s enterprise payouts network and requires no direct crypto handling from YouTube. YouTube, already a PayPal customer, adopted the option after PayPal unlocked stablecoin payout capabilities earlier in the year.
Launched in August 2023 with Paxos as its issuer, PYUSD was built to enable smooth conversions, cross-border transfers, subscriptions, vendor payments, and near-instant settlement within PayPal’s ecosystem. It focuses on everyday commerce, aiming to reduce banking delays and shield users from volatility risks.
PYUSD has gained traction and is now included among the stablecoins supported by Visa’s stablecoin settlement platform, alongside Global Dollar (USDG) and Circle’s EURC. According to CoinGecko, the token has grown to become the sixth-largest stablecoin, with a market cap of $3.9 billion.