PayPal’s PYUSD stablecoin expands to Stellar blockchain

PayPal announced it will onboard its PYUSD stablecoin to the Stellar (XLM) blockchain, expanding from its current operation on Ethereum and Solana. According to CoinDesk, this move aims to enhance cross-border payments and payment financing, offering small and medium-sized businesses access to real-time working capital. The integration has been approved by the New York Department of Financial Services (NYDFS) and is awaiting final review before launch.