YouTube taps PayPal to bring stablecoin payments to its platform
Crypto Briefing
YouTube now allows US creators to receive digital asset earnings via PayPal's stablecoin, PYUSD.Summary
YouTube has begun allowing creators in the United States to receive their earnings through PayPal's stablecoin, PYUSD. This integration, confirmed by PayPal's head of crypto, May Zabaneh, leverages PayPal's existing payout infrastructure, meaning YouTube does not need to handle cryptocurrency transactions directly. PayPal launched its PYUSD stablecoin in 2023 to improve financial transactions across its ecosystem, including Venmo. This move signifies increasing mainstream adoption of stablecoin technology within fintech platforms.
(Source：Crypto Briefing)