YouTube Enables PYUSD Stablecoin Payments for US Creators as Market Cap Hits $3.9 Billion
YouTube now allows US creators to receive earnings in PayPal's PYUSD stablecoin, coinciding with PYUSD's market cap reaching $3.9 billion.Summary
YouTube has integrated PayPal's dollar-backed stablecoin, PYUSD, allowing content creators in the United States to receive their earnings in this cryptocurrency. This feature, confirmed by both PayPal and Google spokespersons, builds upon PayPal's prior platform upgrades that enabled PYUSD acceptance.
The move is viewed positively by the community as it promises faster and more global transactions for the creator economy. This integration occurs amid increasing institutional confidence in PYUSD, evidenced by State Street Investment Management and Galaxy Asset Management planning to use PYUSD as the settlement currency for their new SWEEP fund.
Concurrently, PYUSD's market capitalization has surged significantly, growing from about $500 million in early January to a record high of approximately $3.9 billion in December. Data shows Ethereum holds the largest share of PYUSD ($2.79 billion), followed by Solana ($1.046 billion), underscoring PYUSD's growing role in digital finance across multiple chains.
(Source：BeInCrypto)