As PayPal’s PYUSD gains traction with millions of existing users, questions mount over whether it can challenge USDC’s lead in liquidity, integrations and regulatory trust across the global stablecoin market.
Interactive Brokers has added USDC funding for client accounts, expanding its crypto on-ramp options. The broker will roll out support for Ripple’s XRP and PayPal USD (PYUSD) stablecoin deposits next week.
PayPal is now enabling users to buy, sell, and hold cryptocurrency directly in their app. This new feature allows users to convert their PYUSD to Bitcoin and other major cryptocurrencies.