Paypal chooses Stellar Network over XRP ledger.

PayPal’s decision to extend its stablecoin, PayPal USD (PYUSD), to the Stellar blockchain network marks a significant shift in the competitive landscape of blockchain-based payments. This move positions Stellar as a formidable challenger to the XRP Ledger, leveraging Stellar’s strengths in speed, cost efficiency, and global reach to enhance real-world financial applications. According to May Zabaneh, PayPal’s Vice President of Blockchain and Digital Currencies, “Expanding to Stellar allows us to unlock more real-world utility, especially in cross-border transactions, for users worldwide.”