PayPal completed its first business transaction using its stablecoin, PYUSD, by paying Ernst & Young through SAP’s digital currency platform. This move highlights the efficiency of stablecoin payments in speeding up cross-border transactions by eliminating third-party delays. PYUSD, pegged to the US dollar, has a market cap of $700 million and is increasingly adopted for reliable business transactions. PayPal's senior VP emphasized the suitability of stablecoins for B2B transactions, offering a rational choice for CFOs.
