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 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.

PayPal’s successful business payment using PYUSD demonstrates the growing practicality and acceptance of stablecoins in commercial transactions. Fintech giants like Robinhood and Revolut are also

PayPal ($PYPL) has taken a significant step in digital payments by completing its first business transaction using its proprietary 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.

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.