PayPal, Ernst & Young settle first corporate payment via PYUSD stablecoin
Fintech company PayPal has completed its first business payment using PayPal USD (PYUSD), its proprietary USD-pegged stablecoin. According to an Oct. 3 Bloomberg report, the payment was made to the Big Four accounting firm Ernst & Young through SAP’s digital currency hub.
PayPal Completes First Business Payment Using $PYUSD, Highlighting Stablecoin's Commercial Utility
PayPal recently completed what is said to be the first business payment using stablecoin $PYUSD, marking a milestone in the stablecoin industry's move toward broader adoption via business payments integration.
PayPal (PYPL) Executes Its First Transaction with PYUSD Stablecoin
PayPal ($PYPL) has taken a significant step in digital payments by completing its first business transaction using its proprietary stablecoin,
PayPal completes first business payment using PYUSD stablecoin
In a significant milestone for digital currencies, PayPal Holdings Inc. (NASDAQ: PYPL) has successfully executed its first business payment using its proprietary stablecoin, PYUSD, launched in August 2023.
PayPal executes first business transaction with its stablecoin
Payments giant PayPal completed its first business payment using its stablecoin, PYUSD, on September 23. The company paid an invoice to Ernst & Young LLP, using SAP SE’s digital currency hub, which allows for instant payments 24/7.
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