YouTube Now Allows U.S. Content Creators to Get Paid in PayPal’s Stablecon: Fortune
CoinDesk
YouTube now lets U.S. creators receive earnings in PayPal's PYUSD stablecoin, simplifying crypto for creators.Summary
YouTube has integrated PayPal's dollar-pegged stablecoin, PYUSD, as a payout option specifically for its U.S. content creators, according to a report from Fortune citing PayPal's head of crypto, May Zabaneh. Zabaneh noted that this setup allows YouTube to avoid directly handling cryptocurrency complexity. This move follows a trend where major platforms like Apple and Airbnb are exploring stablecoins for payouts. PYUSD, issued by Paxos, is designed for seamless conversions and rapid settlement within PayPal's ecosystem. The stablecoin has gained traction, becoming the sixth-largest with a market capitalization of $3.9 billion, and its use by YouTube marks a significant expansion into consumer-facing creator monetization.
(Source：CoinDesk)