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PayPal is launching its $PYUSD stablecoin in 70 countries this March, offering lower cross-border costs and new rewards for global users.
The asset will be available in a total of 70 countries worldwide starting this March, allowing users to receive, store, and send funds in U.S. dollars through the digital token.
Global Expansion and Lower Costs
With this latest expansion, $PYUSD will now be accessible to users in regions including Asia-Pacific, Europe, Latin America, and North America. Until now, the ability to hold the stablecoin was primarily limited to the United States and the United Kingdom.
According to the company, the new functionality will provide faster access to funds, lower costs for cross-border transfers, and easier participation in the global economy. This is particularly vital for users in developing markets where traditional banking services are often more expensive or restricted.
In certain countries, such as Peru, users previously could only withdraw funds in local currency, leading to additional fees during international transfers. With the introduction of $PYUSD, they will be able to hold funds directly in dollars and reduce transaction expenses.
New Features and Yield Opportunities
Beyond the ability to send and receive funds, the expansion introduces a new model where users can earn rewards on their $PYUSD holdings. This transforms the stablecoin from a mere payment method into a tool for storing value.
Additionally, new markets will have access to transactions involving external digital wallets, increasing flexibility in how funds are utilized.
In countries like Malawi, where regulations require funds to be automatically transferred to bank accounts, the new service will allow users to keep funds directly in their PayPal accounts. This creates a “balance model” where funds can be stored and used with greater flexibility.
The Role of Paxos and the Growth of $PYUSD
$PYUSD was created in 2023 in partnership with Paxos Trust Company, which is responsible for issuance, while PayPal manages distribution and platform integration.
Currently, $PYUSD ranks among the largest U.S. dollar-pegged stablecoins, with a market capitalization of approximately $4.08 billion, according to data from CoinMarketCap. The asset has seen strong growth throughout 2025, increasing its value by over 600%—from approximately $500 million at the start of the year to about $3.6 billion by its end.
The expansion of $PYUSD is a clear signal of PayPal‘s ambition to strengthen its position in crypto payments and global financial services. Through lower fees, easier access to dollars, and new yield opportunities, the company aims to attract both individual users and businesses worldwide. This development highlights the broader trend of integrating digital assets into traditional financial systems.
For users looking to make the most of digital asset opportunities, choosing the right wallet remains key. Learn more in the analysis of the best crypto wallets for 2026.