PayPal Completes First Business Payment Using PYUSD Stablecoin
PayPal used its proprietary stablecoin, PYUSD, to complete its first business payment to Ernst & Young, demonstrating improved efficiency and cost savings in digital transactions.
Published on April 14, 2025
On September 23, 2024, PayPal completed its first business transaction using its proprietary stablecoin, PYUSD, by settling an invoice with Ernst & Young LLP. This payment was facilitated via SAP's digital currency hub, allowing for instantaneous, round-the-clock processing.
This innovative move highlights PayPal's commitment to integrating digital currencies into its payment ecosystem, improving efficiency and reducing costs in commercial transactions. The transaction reinforces the potential of stablecoins to transform enterprise-level payments with faster settlement times and streamlined operations.