Payments giant PayPal has reportedly completed its first business transaction using the dollar-pegged stablecoin that it launched last year.

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) has taken a significant step in digital payments by completing its first business transaction using its proprietary stablecoin,

PayPal completed its first corporate payment using its PYUSD stablecoin to Ernst & Young, marking a significant step in the adoption of digital currencies for business transactions.

PayPal completes its first-ever business payment using its PYUSD stablecoin, paying Ernst & Young via SAP’s digital currency hub.

OKX has added support for PayPal's stablecoin PYUSD to be traded alongside USDT and USDC starting Thursday, October 3.

PayPal made its first-ever business payment with PYUSD, its stablecoin, by paying Ernst & Young through SAP’s digital currency platform. Stablecoin payments are speeding up cross-border business transactions, cutting out delays from third-party intermediaries.

PayPal Holdings Inc. completed its first business payment using its proprietary stablecoin as a way to demonstrate how digital currencies can be used to improve often-clunky commercial transactions.