PayPal is enhancing the reach of its USD-backed stablecoin, PayPal USD (PYUSD). According to a Bloomberg report dated February 26, 2025, PayPal aims to provide its stablecoin, PYUSD, as a payment option for its over 20 million small-to-medium-sized merchants through a new bill-pay product by year-end.

In commenting on this initiative, Michelle Gill, general manager of PayPal’s small business and financial services group, said, “A lot of the payments we’re expecting are going to be cross-border because merchants in the US are seeking to pay vendors and suppliers abroad. The thesis was: Can we facilitate that on PYUSD rails so as not to have the currency conversion, the friction, as well as time?”

PayPal first introduced its stablecoin in August 2023 on the Solana and Ethereum blockchains.

Today, we’re unveiling a new stablecoin, PayPal USD (PYUSD). It’s designed for payments and is backed by highly liquid and secure assets. Starting today and rolling out in the next few weeks, you’ll be able to buy, sell, hold and transfer PYUSD. Learn more here. — PayPal (@PayPal) August 7, 2023

Other Players Joining the Stablecoin Movement

Crypto exchanges Crypto.com and Kraken may soon unveil their proprietary stablecoins. This move aligns with the European Union’s Markets in Crypto-Assets (MiCA) regulations, requiring exchanges to adhere to strict rules related to stablecoin usage within the region.

A Bloomberg report dated February 20, 2025, suggested that new market entrants like Crypto.com and Kraken are eager to enter the stablecoin sector, a promising business avenue.

Looking at Potential Best Cryptocurrencies to Buy

Landshare (LAND) exemplifies an opportunity in real estate tokenization. Built on the Binance Smart Chain, it gives retail investors a stake in crowdfunding real estate investments.

Currently priced at approximately $0.7, LAND boasts a market cap under $3 million, making it a microcap investment. The consistent performance and product offerings from the Landshare team make it an appealing consideration for those aiming for exposure to decentralized income streams.

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