Venmo PYUSD support gives 67 million users stablecoin access
Venmo is rolling out Venmo PYUSD support for its user base, giving more than 67 million account holders the ability to buy, sell, and send the PayPal-backed stablecoin directly inside the app. The update, reported by Coinfomania, arrives at a moment when the broader crypto market is sending mixed signals, and it marks one of the largest single expansions of stablecoin access inside a mainstream U.S. payments app to date.
Key takeaways
- Venmo now supports PYUSD, letting eligible users buy, sell, and send the stablecoin from within the app.
- More than 67 million Venmo users have access to the feature, according to Coinfomania.
- No official trading volume data for Venmo’s PYUSD activity has been reported so far.
- PYUSD’s broader market cap has been climbing alongside sibling stablecoin USDG, both issued through Paxos infrastructure, per Crypto Briefing.
- The move could push other fintech companies to add similar stablecoin features to their own apps.
Venmo Launches PYUSD Stablecoin Support
Venmo has switched on native support for PYUSD, meaning eligible users can buy, sell, and send the token without leaving the app they already use for everyday payments. That single design choice is what makes this rollout notable: it turns a crypto asset into something as accessible as splitting a dinner bill or paying a roommate.
… Continue reading the full article at the original source below.
