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PayPal announced today plans to make the stablecoin PayPal USD (PYUSD) available on the Stellar network pending regulatory approval from the New York State Department of Financial Services (NYDFS). Stellar is a blockchain designed for fast, low-cost payments and real-world use. By potentially expanding to Stellar, PYUSD benefits from the network's speed, low transaction costs, and ease of integration to enhance its utility for real-world business payments and microfinance, providing an additional option to the Ethereum and Solana networks.

Expanding on the Stellar network will grant PYUSD users access to its vast network of entry and exit points, providing additional access through digital wallets and connection to systems.