PayPal's Big Bet on Stablecoin PYUSD: Can It Stay Ahead in the Stablecoin Race?

PayPal was one of the first major financial institutions to launch a stablecoin. Now, as Wall Street races to catch up, the company is trying to answer a different question: How do you stay ahead once everyone else decides stablecoins matter?

For Larry Wade, who leads global risk, regulatory relations, and compliance for PayPal's crypto business unit, the answer starts with a simple observation. Despite years of growth and hundreds of billions of dollars flowing into stablecoins, the industry has barely scratched the surface of its intended use case.

"About $350 billion of stablecoin flows, less than 1% of that is actually true payments," Wade told Coinage during an interview at the Solana Policy Institute's Chicago conference. "Look at how much value there is to capture."

By Wade's estimate, stablecoins are still merely in their second inning. That opportunity helps explain why PayPal spent years building crypto infrastructure long before Washington passed the GENIUS Act and before stablecoins became a priority for nearly every major bank and payments company.

When PayPal first entered crypto roughly five years ago, the company faced a regulatory landscape with few clear rules

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/crypto/articles/paypals-big-bet-stablecoin-pyusd-145400405.html)