Update
PayPal Uses PYUSD Stablecoin to Send $1B in Dividends
PayPal used its own stablecoin, PYUSD, to send over $1 billion between its US headquarters and overseas offices. This approach reduced the processing time from 6 to 10 business days to just 2 hours, demonstrating the potential of stablecoins for faster corporate payments. The main activity was a trial program run by the treasury team in 2025, which covered three continents and wrapped up a dividend repatriation from Singapore to the US in hours, compared to several days using traditional banking methods. The stablecoin runs on blockchains, allowing for off-hours transfers and reducing delays caused by international payment systems and intermediary banks. The company has indicated that stablecoins could complement existing payment systems, rather than replace traditional banking entirely.