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- Stellar has received a massive adoption boost after PayPal announced that it would make its PYUSD stablecoin available across 70 markets.
- Users holding PYUSD on Stellar can send it to a PayPal account, convert to fiat balance and withdraw or make payments locally.
PayPal has announced that it will make its PayPal USD (PYUSD) stablecoin available across 70 markets globally on its widely used platform, handing a boost to Stellar, Ethereum and Solana.
The fintech giant announced on Tuesday that PYUSD will allow users to send funds globally at a lower cost and faster settlement than existing legacy rails. They can now buy, sell, hold, send and receive the stablecoin directly from their PayPal account. They can also earn yield on their stablecoin holdings and transfer funds even to third-party digital wallets. Additionally, they can convert the stablecoin to local currencies and withdraw or make fiat payments directly.
The stablecoin will be available to users in Asia-Pacific, Europe, North America and Latin America, in countries such as Singapore, the UK, Colombia, Peru, Greenland, Panama and the US.
Cross-border payments don’t have to be painful.
PYUSD is rolling out to the PayPal wallet across 70 markets — enabling faster settlements, lower costs, and built for everyday global commerce.
Learn more: https://t.co/E90lc4vUsN pic.twitter.com/8yQhJ19Thp
— PayPal (@PayPal) March 17, 2026
PayPal is one of the world’s largest payment companies, reporting 440 million active accounts and $1.79 trillion in payment volume last year. While this is a significant figure, it trails stablecoin transactions by a wide margin. According to data from Visa, stablecoins accounted for $67.6 trillion in transaction volume over the last 12 months. In February this year alone, stablecoins facilitated $1.78 trillion in transaction volume, the same amount PayPal processed in 2025.
PayPal Boosts Adoption for Stellar, Ethereum and Solana
The skyrocketing interest in stablecoins has attracted dozens of traditional finance and tech giants, from Visa and Mastercard to Stripe and Meta. PayPal is among the bigger players, with its PYUSD facilitating over $3 billion in transactions last month. Its market cap surpassed $4 billion for the first time in February and now stands at $4.09 billion after a slight reversal.
May Zabaneh, the Senior VP of Crypto at the company, stated that existing rails were “designed for a different era.” He added:
We are working to change that. Enabling PYUSD in users’ accounts across 70 markets gives people faster access to their funds, lower-cost ways to send money across borders, and a more direct path to participating in the global economy, and that is what drives commerce forward for everyone.
Stellar’s President, José Fernández da Ponte, believes the expansion is a significant milestone for Stellar, which will be available in 70 markets globally through PYUSD. Users who hold the stablecoin on a Stellar wallet can send it to any PayPal account, or convert it to fiat and withdraw it on the existing payment infrastructure.
This is big.
PayPal is enabling users to buy, hold, sell, and transfer PYUSD across 70 markets — including Colombia, Costa Rica, Dominican Republic, Guatemala, Honduras, Panama, Peru, Singapore, and more.
Here's what that means for the Stellar ecosystem: if you hold PYUSD in a…
— José Fernández da Ponte (@JoseFDaPonte) March 18, 2026
“This is it. World-class fintech products built on top of open-source technology, in markets that have been systematically underserved by the traditional system. Each LEGO brick building on the last. Building financial infrastructure that treats payments as a right, not a premium service,” he commented.
XLM trades at $0.1688, dipping 2.3% in the past day as trading volume dropped 35%.
