crypto.news
FV Bank is expanding its stablecoin offerings, adding $PYUSD for USD integration and cross-border payments.
FV Bank has enhanced its stablecoin services by integrating PayPal USD ($PYUSD) into its digital banking platform. This addition enables account holders to receive $PYUSD directly into their USD accounts, with real-time conversion to USD, simplifying global transactions.
The feature is now available and allows customers to send $PYUSD payments directly from their USD accounts without needing to mint the stablecoin or manage external wallets, according to a press release shared with crypto.news.
FV Bank facilitates this through its real-time processing system, which converts USD into $PYUSD on demand and delivers it near-instantly to recipients.
FV Bank’s recent digital asset moves
In October 2024, FV Bank partnered with Visa to launch debit and corporate expense cards, which were announced at Money 20/20 in Las Vegas. The cards allowed customers to spend both fiat and digital assets globally, integrating banking and crypto solutions for individuals and businesses.
This move positions FV Bank as a leading U.S.-licensed bank offering three major stablecoins — $USDC ($USDC), $USDT ($USDT), and $PYUSD — alongside traditional banking features. The platform also supports 13 global currencies, enabling businesses and individuals to manage treasury operations more efficiently.
The $PYUSD integration builds on previous launches, including $USDC in 2021 and $USDT in 2024.