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One platform for global traditional assets
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According to Fortune, PayPal announced a significant expansion of its stablecoin PYUSD coverage. Starting this month, users in 70 countries globally will be able to hold, send, and receive PYUSD in their PayPal wallets. New countries span South America, Africa, and multiple regions in Asia, including Uganda, Colombia, and Peru. Previously, PYUSD was only available to users in the United States and the United Kingdom. International users gaining access to PYUSD will also be able to earn yield by holding the stablecoin. The current annualized yield rate for U.S. users is 4%.