The world's largest online video platform YouTube has officially opened up the ability for American creators to receive payments in PayPal's stablecoin PYUSD, becoming one of the latest tech giants to adopt cryptocurrency payment technology. This feature is now live in PayPal's business payment system, symbolizing the acceleration of major tech platforms embracing stablecoin payments following the passage of the GENIUS Act, and highlighting the rapid expansion of PayPal's cryptocurrency ecosystem.
YouTube opens PYUSD withdrawals: Creators can directly receive 'stablecoin salaries'
Fortune magazine reports that YouTube has now opened up the option for American creators to choose whether to receive platform earnings or other payments in PayPal's stablecoin PYUSD.
PayPal's head of crypto business May Zabaneh confirmed that this feature has officially been activated, and Google has also confirmed that YouTube's payment options have been expanded to PYUSD.
Zabaneh stated that YouTube has always been one of PayPal's enterprise payment clients: "Since we introduced the stablecoin payment feature in the third quarter, YouTube has decided to offer it to creators."
Our advantage lies in the fact that YouTube can integrate without exposure to cryptocurrencies, thus eliminating the costs and risks of implementation.
Tech giants are racing to bet on stablecoins: from Sony to Stripe, all accelerating.
YouTube's involvement reflects the trend of large tech companies accelerating the adoption of stablecoins as the next generation of financial infrastructure. With Trump signing the new stablecoin regulatory bill GENIUS Act, the legality and acceptance of crypto payments among mainstream enterprises in the United States have significantly increased.
Stablecoins have always played a core role in the crypto ecosystem, and now they are entering the enterprise-level payment market faster due to their ties to the US dollar. This includes Stripe's acquisition of stablecoin startup Bridge for $1.1 billion earlier this year, Jack Dorsey's Cash App shifting to stablecoin payments, and Sony Bank announcing the issuance of a US dollar stablecoin, all of which are reflections of enterprises recognizing this trend.
(The Next Wave of Competition: From Universal to Functional, Why is 'Customized Stablecoin' an Essential Need for Enterprises?)
PayPal Stablecoin Landscape Expansion: From Individual Users, Merchants to Enterprise Payments
PayPal is one of the earliest companies among tech giants to promote crypto services. After opening up the buying and selling of Bitcoin and Ethereum in 2020, it launched its own stablecoin PYUSD in 2023, which currently has a market value approaching $4 billion.
Currently, PYUSD has been integrated into the PayPal app wallet, another financial application Venmo, and the payment channels of millions of merchants, and it will expand to the payment of small and medium-sized enterprise supply chains in the future.
After YouTube launched stablecoin earnings, Google Cloud also revealed that it has accepted payments from two customers using PYUSD, along with the previously launched payment protocol AP2 designed to support stablecoin payments specifically for AI agents, indicating that Google's attempts at crypto payments are gradually deepening.
(Singapore Stablecoin Summit: Google and PayPal Executives Analyze the Future of Stablecoins and Enterprise Payments)
This article on YouTube partnering with PayPal to allow creators to receive payments in stablecoins, marks the entry of tech giants into the era of crypto payments. It first appeared in Chain News ABMedia.
