YouTube enables PYUSD stablecoin payouts for US creators: Report
YouTube is now allowing US creators to receive earnings payouts in PayPal's PYUSD stablecoin, according to a recent report.Summary
YouTube has reportedly enabled US-based creators to accept payments in PayPal's stablecoin, PYUSD, as confirmed by PayPal's head of crypto, May Zabaneh. This feature is currently exclusive to users in the United States. PayPal had previously integrated the ability for recipients to accept PYUSD payments earlier this year, and YouTube has now extended this option to its creators. Zabaneh noted that YouTube does not need to directly handle the crypto complexity. This integration builds on PayPal's long-standing relationship with YouTube for AdSense payouts and could significantly boost stablecoin adoption given the platform's massive scale, especially as digital assets gain mainstream acceptance. PYUSD, launched in mid-2023, has seen its market capitalization surge to $3.9 billion, growing substantially since the start of the year.
(Source：Cointelegraph)