PayPal Expands PYUSD Stablecoin Access to 70 Countries

Edgen Crypto

·Mar 17 2026, 14:59

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Key Takeaways

PayPal has extended its PYUSD stablecoin services to an additional 68 countries, bringing the total to 70 nations across South America, Africa, and Asia. This move aims to capture a share of the global remittance market by offering lower fees and new financial functionalities to international users.

Global Reach: PayPal's PYUSD stablecoin is now available in 70 countries, a major expansion from its previous limitation to the US and UK.
Market Cap Growth: Since its 2023 launch, PYUSD's market capitalization has grown to $4.1 billion, making it the world's seventh-largest stablecoin.
New Functionality: International users can now hold, send, receive, and earn yield on PYUSD, creating a new on-ramp for digital asset adoption in emerging markets.

PYUSD Reaches $4.1B Market Cap With Global Expansion

PayPal has significantly broadened the accessibility of its stablecoin, PYUSD, extending its availability to 70 countries. The expansion moves beyond its initial markets in the United States and the United Kingdom to include new regions across South America, Africa, and Asia. This strategic push has fueled rapid growth since the stablecoin's 2023 launch, with its market capitalization increasing more than fivefold to $4.1 billion. According to data from CoinGecko, this growth has positioned PYUSD as the seventh-largest stablecoin in the world.

Expansion Targets Remittances and Emerging Market Stability

The move is designed to integrate PYUSD into the global cross-border payments landscape, offering a lower-cost alternative for remittances. For the first time, users in these new markets can hold, send, and receive the USD-pegged digital asset directly through their PayPal wallets. This provides a crucial tool for users in emerging economies to maintain a digital dollar balance, shielding their funds from potential local currency volatility. In countries where wallet balances were not previously supported, users can now store funds instead of being required to withdraw them immediately. While details on international yield are pending, U.S. users currently earn around 4% annually on their holdings, signaling a potential incentive for global adoption and increasing competitive pressure on incumbents like Tether and Circle.