According to a Deep Tide TechFlow report on June 11, PayPal announced that it will expand its USD stablecoin PYUSD to the Stellar Blockchain, aiming to enhance cross-border remittance and payment financing (PayFi) scenarios. Previously, PYUSD has been operating on Ethereum and Solana. Through the Stellar network, PYUSD can provide real-time working capital for small and medium-sized enterprises, used for paying suppliers, inventory management, and other operational needs. This collaboration has been approved by the New York Department of Financial Services (NYDFS) and will go live after the final integration review is completed.
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According to a Deep Tide TechFlow report on June 11, PayPal announced that it will expand its USD stablecoin PYUSD to the Stellar Blockchain, aiming to enhance cross-border remittance and payment financing (PayFi) scenarios. Previously, PYUSD has been operating on Ethereum and Solana. Through the Stellar network, PYUSD can provide real-time working capital for small and medium-sized enterprises, used for paying suppliers, inventory management, and other operational needs. This collaboration has been approved by the New York Department of Financial Services (NYDFS) and will go live after the final integration review is completed.