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DeepTech TechFlow News: On March 17, according to Fortune, PayPal announced a major expansion of its stablecoin PYUSD coverage. Starting this month, users in 70 countries around the world will be able to hold, send, and receive PYUSD in their PayPal wallets. The newly added countries include many in South America, Africa, and Asia, such as Uganda, Colombia, and Peru. Previously, PYUSD was only available to users in the United States and the United Kingdom.
In addition to gaining access to PYUSD, overseas users will also be able to earn interest by holding the stablecoin. Currently, the annualized yield for US users is 4%.