- PayPal expands PYUSD access to 70 markets, enabling global transfers and wallet integration for new users.
- Eligible users in Singapore and the UK can earn rewards on PYUSD holdings.
- PYUSD market cap of $4.12B is still small compared to USDT and USDC dominance.
PayPal PYUSD stablecoin has now expanded to cover 70 markets, in a rollout that will introduce faster transactions to support cross-border payments.
Global rollout extends PYUSD access
According statement, PayPal has expanded its PYUSD stablecoin to customers across 70 markets beyond the United States and the United Kingdom. This move adds regions such as Colombia, Costa Rica, Peru, Uganda, and Singapore.
Users in these newly supported regions can now buy, hold, send, and receive PYUSD directly within their PayPal accounts. This integration removes prior geographic limitations that restricted access mainly to U.S. users.
The company confirmed that the rollout will enable direct wallet functionality where users can manage digital dollar balances without external platforms. This approach will simplify access and improve transaction efficiency.
Rewards structure and regional limitations
Eligible users will earn rewards on their PYUSD holdings. This feature introduces an incentive layer for users maintaining balances within the platform.
However, PayPal clarified that rewards are not available in Singapore and the United Kingdom. In Singapore, PYUSD access is limited to business account holders only.
A statement shared through official channels noted the broader goal of improving financial accessibility.
A PayPal executive stated in a tweet-like announcement that expanding PYUSD access supports faster payments and global participation.
The rewards model aligns with PayPal’s strategy to encourage adoption and regulatory considerations across jurisdictions.
Growth trajectory and market positioning
PYUSD was launched in 2023 in partnership with Paxos Trust Co. It initially operated on Ethereum before expanding to networks such as Tron, Avalanche, and Sei in a multi-chain approach that increased accessibility and transaction flexibility.
As of 2026, PYUSD’s market capitalization has reached $4.12 billion, rising from approximately $1 billion recorded in August.
Despite this growth, PYUSD remains smaller compared to leading stablecoins. USDT accounts for about $184 billion, while USDC holds nearly $80 billion in supply.
PayPal has also integrated PYUSD into business operations. For example, U.S.-based creators have received payouts through Hyperwallet using the stablecoin.
In addition, PYUSD has been used in pilot programs for insurance payments and trade finance. These initiatives demonstrate their role in real-world financial workflows.
The expansion to 70 markets strengthens PayPal’s position in the digital payments sector. It also reflects growing adoption of stablecoins for faster settlement and lower transaction costs.