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PayPal extends PYUSD stablecoin features to 70 global markets with rewards access
PayPal announced on Tuesday that access to its U.S. dollar-pegged stablecoin PYUSD has been extended to 70 markets, up from a focus on the U.S. and UK. Users in newly added regions such as Colombia, Costa Rica, Peru, and Singapore can now buy, hold, send, and receive PYUSD through their PayPal accounts, with eligible users outside Singapore and the UK able to earn rewards on holdings. The expansion follows PYUSD's 2023 launch and coincides with the token's market capitalization climbing to $4.12 billion.