💵 Youtube Enables Stablecoin Payouts for U.S. Creators through Paypal

🌐 Youtube has started allowing U.S. creators to receive payouts in Paypal's stablecoin, Paypal USD (PYUSD), marking a significant #shift towards the #use of regulated digital currencies in mainstream payment systems. This #move highlights the growing acceptance of stablecoins as practical payment methods rather than mere speculative assets. 🗣 May Zabaneh, Paypal's head of crypto, stated that this #feature builds on Paypal's established partnership with Youtube for payout services. It enables Youtube to offer a stablecoin option without the need to directly manage #crypto assets, she explained. This approach minimizes operational and compliance challenges for the platform. 📈 The report indicates that Paypal introduced the option for payment recipients to receive funds in PYUSD earlier in the third quarter. This prompted Youtube to extend this option to its creators. The decision comes amid increasing interest from #technology firms in stablecoins following recent regulatory changes in the U.S. 🔗 The #integration of PYUSD payouts represents a significant milestone for regulated stablecoins, reinforcing their role as essential payment infrastructure in the digital economy. It allows Google to meet creators' demands for quicker settlements while relying on Paypal as a licensed intermediary to limit custodial risks. 🌍 For Paypal, this partnership enhances PYUSD's position in everyday commerce, distinguishing it from stablecoins primarily used in decentralized finance. It positions PYUSD as a compliant and cost-effective remittance option with potential for #expansion to international creators in the future. #crypto