PayPal USD Expands to 70 Markets in Major Global Rollout
PayPal announced on March 17, 2026, that it is making PayPal USD (PYUSD) available in 70 markets worldwide in the PayPal account. The dollar-backed stablecoin enables users to send funds globally, with faster settlement and lower cost than traditional payment methods.
Global Expansion Details
PYUSD is now available to users in their PayPal accounts across multiple global regions, including Asia-Pacific, Europe, Latin America, and North America, with specific availability in Colombia, Costa Rica, Dominican Republic, Faroe Islands, Greenland, Guatemala, Honduras, Panama, Peru, Singapore, the United Kingdom, and the United States. PayPal users in the remaining markets will have access to PYUSD in the coming weeks.
Consumer and Business Features
Users in newly supported markets can buy, hold, send, and receive PYUSD directly from their PayPal account, and eligible users can earn rewards on their PYUSD holdings, can instantly transfer funds to friends and family, whether on PayPal or to third-party digital wallets, and convert PYUSD to local currency when withdrawing funds for everyday spending.
Businesses that accept PYUSD can use proceeds in minutes rather than days or weeks, improving liquidity and reducing reliance on traditional settlement cycles, with faster access to funds helping businesses manage working capital, support cross-border operations, and participate in global commerce.
Supply Milestone and Regulatory Status
The PYUSD stablecoin's circulating supply reached a new all-time-high at $4.3 billion in the last 24 hours. PayPal USD is issued by Paxos Trust Company, N.A., a fully-chartered trust company regulated by the Office of the Comptroller of the Currency (OCC), with reserves fully backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents, and PayPal USD can be bought or sold through PayPal and Venmo at a rate of $1.00 per PayPal USD.
Strategic Significance
Following the launch of PYUSD in the United States in 2023, this expansion is another critical step in creating the liquidity, utility, and ubiquity of PYUSD necessary to create a more inclusive, global commerce ecosystem.