PayPal has expanded the availability of its U.S. dollar-pegged stablecoin, PayPal USD (PYUSD), to users in 68 additional countries and territories. The move, announced on March 17, 2026, significantly broadens the reach of the digital currency for cross-border payments and transfers.
Users in the newly supported regions, which include parts of Latin America, Europe, and Asia-Pacific, can now buy, sell, hold, and transfer PYUSD. They can also send person-to-person payments using the stablecoin. A key feature of the expansion is the ability for eligible users outside the U.S. to earn rewards on their PYUSD holdings, similar to the program offered domestically.
In the United States, existing PYUSD holders can earn an annual percentage yield (APY) on their holdings, a rate that is subject to change based on market conditions. The expansion is part of PayPal's strategy to increase the utility of digital currencies in everyday commerce and remittances, leveraging its existing global payment infrastructure.
The company stated that the rollout aims to provide a faster and potentially lower-cost alternative for international money transfers. PYUSD is issued by Paxos Trust Company and is fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and similar cash equivalents.
