The company partnered with Paxos to launch PYUSD in 2023, which now holds the 11th position among stablecoins with a $1.3 billion market capitalization.
Paypal Stablecoin News
PayPal Holdings is launching personalized payment links that will support cryptocurrency transfers between users and external wallets. The payment giant announced Monday that BTC, ETH, and its PYUSD stablecoin will be integrated into the new peer-to-peer system.
The feature, called PayPal Links, generates one-time URLs that users can share through messaging apps or email. Recipients can accept payment requests without revealing personal banking information. This builds upon PayPal’s existing PayPal Me service but adds predetermined payment amounts and notes.
PayPal expanded its crypto services after introducing trading capabilities in late 2020. The company partnered with Paxos to launch PYUSD in 2023, which now holds the 11th position among stablecoins with a $1.3 billion market capitalization.
Personal transfers between friends and family through PayPal and Venmo will remain exempt from 1099-K tax reporting requirements. This addresses a key concern among crypto users who face complex tax obligations for digital asset transactions.
The service will debut in the United States before expanding to the United Kingdom and other international markets later this month. PayPal processed 10% growth in peer-to-peer payments during the second quarter of 2025.
Cryptocurrency transfers to external wallets represent a significant shift toward interoperability for PayPal’s platform. The company currently serves over 400 million active users worldwide.
PayPal’s “Pay with Crypto” feature already enables merchants to accept dozens of digital currencies through PYUSD settlements. P2P payment volumes reached record levels on Venmo during the recent quarter.
The payment links will expire after 10 days if unclaimed, and users can send payment reminders. PayPal Holdings trades at $67.11 with a $65 billion market valuation. Stablecoins continue to gain traction as payment rails for cross-border transactions and peer-to-peer transfers.
