According to (Bloomberg) reports, payment giant PayPal has recently completed its first commercial payment using its own stable currency PYUSD, demonstrating an important step in how digital currency can help simplify commercial transaction processes. (Preliminary summary: PayPal launches a major attack: opening more than 1 million business accounts in the United States to directly buy and sell cryptocurrency) (Background supplement: Coinbase launches Paypal stable currency! PYUSD supply surges by 60%, but the market value is only 40 million mg) According to (Peng (Bo) reported that the American online payment platform PayPal has recently completed its first commercial payment using its own stable currency PYUSD, demonstrating an important step in helping digital currencies simplify commercial transaction processes. Stablecoins serve B2B transactions (Bloomberg) continued to point out that the payment by PayPal was completed on September 23, 2024, and was used to pay an invoice from the multinational accounting firm Ernst & Young LLP and was passed through a German company Completed by application software solutions provider SAP. While the value of the deal has not been disclosed, the funds were successfully deposited into Ernst & Young's corporate account on U.S.-listed exchange Coinbase. In this regard, Jose Fernandez da Ponte, senior vice president of cryptocurrency business at PayPal, pointed out that the advantages of stablecoins that are usually discussed are the benefits to consumers, but this transaction of PayPal also reflects the role of stablecoins in business-to-business (B2B) Potential uses in transactions: Stablecoins can significantly improve the efficiency of B2B payments, especially in cross-border transactions that are slow, costly and rely on third-party intermediaries in the traditional financial system. Crypto.com offers PayPal payment options to US users As a model for traditional financial institutions to embrace cryptocurrency and blockchain technology, PayPal, in addition to issuing stablecoins, is also actively providing cryptocurrency payment solutions. For example, at the end of August this year, the exchange Crypto.com announced that it would add PayPal as a payment option for US users to purchase cryptocurrencies. Users can use PayPal to jump to Crypto.com faster to purchase various cryptocurrencies. currency, and can also be used to store value on the Crypto.com Visa Card. PYUSD market value exceeds US$695 million PayPal's US dollar stable currency PYUSD was officially launched in August last year and was issued by BUSD operator Paxos Trust Company.Its official press release states that PYUSD is a fully regulated, secure and Web3-native token that will be backed by more than 100% of U.S. dollar cash, U.S. Treasury bonds, and cash equivalents. According to CoinGecko data, PYUSD's current market capitalization has reached US$695 million, and its 24-hour trading volume has exceeded US$27.88 million, making it the seventh-ranked stablecoin in the cryptocurrency market. Related reports: Not only issuing stable coins) PayPal will use NFT to sell tickets, clothing, real estate... to lead future consumption. PayPal adds new withdrawal service: supports "cryptocurrency against the US dollar", integrates Metamask, Phantom, Ledger... PYUSD may be blocked? ECB official: PayPal's issuance of stablecoins threatens the financial stability of the market. "PayPal used PYUSD to complete the "first commercial payment," demonstrating the potential of stablecoins in B2B payments." This article was first published in BlockTempo (DongZuDongTempo - the most influential Powerful blockchain news media).