PYUSD stablecoin
PayPal USD now sits in the Payment Services & Crypto business announced in April 2026.
What it is
PayPal's US-dollar stablecoin, which the company issues and uses to settle payments and support crypto services.
Why it matters to the stock. A stablecoin gives PayPal a second settlement rail and crypto revenue. Its size is a useful gauge of how far the crypto push is taking hold.
News
PayPal launches PYUSDx developer platform for custom PYUSD-backed stablecoins
PayPal launched PYUSDx on September 9, 2026, a platform that lets businesses and developers issue their own stablecoins on top of PayPal USD (PYUSD).
PayPal reorganizes into three businesses, splitting out Venmo and naming new leaders
PayPal reorganized into three operating businesses: Checkout Solutions & PayPal, Consumer Financial Services & Venmo, and Payment Services & Crypto, which holds Braintree, SMB processing, value-added services and PYUSD.
PayPal USD stablecoin expands to 70 markets within PayPal accounts
PayPal said it is making its US dollar stablecoin PYUSD available to users in 70 markets through their PayPal accounts.