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International Business Times

Business

Marvie Basilan

PayPal Completes First Business Payment Using $PYUSD, Highlighting Stablecoin's Commercial Utility

United States PayPal OKX Tether Crypto Robinhood

Introducing PayPal USD (PYUSD): PayPal's U.S. Dollar Stablecoin (Credit: YouTube Screenshot/ PayPal Official YouTube Chanel)

KEY POINTS

PayPal used its stablecoin to settle an invoice with Ernst & Young LLP: Bloomberg
EY revealed in a July report that $PYUSD is among the most used stablecoins for payments
Also on Thursday, crypto exchange OKX listed the $PYUSD for spot trading

Payments titan PayPal has reportedly completed its first business payment using its stablecoin, PYUSD, demonstrating the ease of using the digital currency for commercial-related transactions.

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