PayPal Expands PYUSD Access to 70 Countries
Highlights:
- PayPal has expanded PYUSD access from the US and UK to 70 countries.
- The rollout supports cheaper cross-border transfers, digital dollar balances, and wallet use.
- PYUSD rewards, wider payment use, and fast market cap growth support adoption.
PayPal has taken another big step in its digital asset plans by expanding access to PayPal USD (PYUSD) to 68 more countries. The move gives its dollar-backed stablecoin a much wider global reach and brings it further into the international payments space. According to details reported on 17 March, users in 70 countries can now hold PYUSD in their PayPal wallets. Earlier, the stablecoin was available only in the United States and the United Kingdom. The new rollout covers markets across South America, Africa, and Asia, including countries such as Peru, Colombia, and Uganda.
⚡️JUST IN: PAYPAL EXPANDS STABLECOIN ACCESS TO 68 MORE COUNTRIES
Payments giant PayPal is widening access to its dollar-backed stablecoin PayPal USD, making it available in 68 additional countries, per Fortune. pic.twitter.com/0iZxOgO4jK
— Coin Bureau (@coinbureau) March 17, 2026
PayPal Expands PYUSD for Cross-Border Payments
This expansion is not just about adding more countries. It also shows that PayPal wants PYUSD to work as a real payment tool, not just another digital token. The company is also connecting PYUSD more closely to cross-border payments, where stablecoins are getting more attention for making international money transfers easier and cheaper.
PayPal executive May Zabaneh told Fortune that the wider launch brings access to markets where transfer costs are often high, especially for people who regularly send or receive money across borders. “Now you’re really opening up not only access—especially in places where they need it most— but also cross-border transfers and volume, where the pain is felt so high,” said Zabaneh.
PayPal enables users to buy, sell, hold, and send PYUSD through their platform. The company claims that the stablecoin is collateralized by deposits of the United States dollar, as well as other short-term treasury assets and cash-like reserves. It also said that users can buy or redeem the stablecoin for one-to-one value with the United States dollar on both PayPal and Venmo. This is an indicator of a payments-oriented stablecoin, as opposed to a stablecoin that is primarily intended for speculation.
In an official statement, May Zabaneh said:
“Enabling PYUSD in users’ accounts across 70 markets gives people faster access to their funds, lower-cost ways to send money across borders, and a more direct path to participating in the global economy.”
Rewards and Growth Support Wider PYUSD Adoption
Another part of this expansion is user rewards. Fortune reported that the wider rollout will also expand access to PYUSD rewards, alongside the ability to send, receive, and hold the stablecoin. In the United States, PayPal has advertised PYUSD rewards at around 4% annually. However, the company says the rate may change, and it pays rewards monthly in PYUSD based on a user’s average balance.
PayPal has announced that it will launch a rewards program for holding its stablecoin PYUSD this summer. U.S. users who hold PYUSD in their PayPal or Venmo wallets will be able to earn an annual yield of 3.7%, accrued daily and paid monthly. Rewards will be distributed in PYUSD,…
— Wu Blockchain (@WuBlockchain) April 23, 2025
Since the PYUSD launch, PayPal has focused on turning it into a practical tool for payments rather than leaving it as just another crypto asset. It first ran on Ethereum and later expanded to other networks, including Avalanche, Tron, and Sei through LayerZero. According to CoinGecko, the market capitalization of the token is $4.1 billion and ranks as the seventh biggest stablecoin in the world.
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Syed Ali Haider
Syed Ali Haider is a contributing crypto writer for Crypto2Community. He is a crypto and blockchain journalist with over six years of experience. Syed Ali is a Blockchain enthusiast and writer passionate about enhancing the acceptance, adoption, and integration of Blockchain technology worldwide. He has also advocated for digital freedom and cybersecurity for many years. Haider has been featured in a number of high-profile crypto and finance outlets, including Coincult and more.
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