PayPal said it expanded availability of its U.S. dollar-backed stablecoin, PYUSD, to 70 markets worldwide. The company said the move is designed to speed up cross-border payments, reduce costs and improve business liquidity. The announcement was made on the 17th, building on PYUSD’s initial U.S. launch in 2023. In the broader rollout, PayPal has said users in supported markets can access PYUSD for payments and transfers, while merchants may receive settlement proceeds within minutes instead of waiting through traditional multi-day settlement cycles.