PayPal expands its PYUSD stablecoin service to 70 countries worldwide.

Mars Finance reported on March 17th that payment giant PayPal is significantly expanding the global availability of its stablecoin PayPal USD (PYUSD). May Zabaneh, head of the company's crypto business, stated that starting this month, users can hold PYUSD in their PayPal wallets in 70 countries; previously, this feature was only available to users in the US and UK. The newly supported countries are primarily located in South America, Africa, and Asia, including markets such as Uganda, Colombia, and Peru. These countries are part of PayPal's approximately 200 operating countries. In February of this year, Enrique Lores (former head of HP) was appointed as PayPal's new CEO, and the company is continuing to advance its stablecoin and crypto payment strategy.