Paypal Holdings Inc. has completed its first business transaction using its stablecoin, Paypal USD (PYUSD), as part of a move to showcase how digital currencies can streamline corporate payments.

Last week, Paypal settled an invoice with Ernst & Young LLP using PYUSD, facilitated through SAP SE’s digital currency hub platform, which allows businesses to conduct instant, 24/7 digital payments. While the exact invoice amount was not disclosed, the transaction highlights how stablecoins, pegged to traditional currencies, can simplify cross-border transactions. PYUSD, which Paypal introduced last year, is tied to the US dollar and has a market capitalization nearing $700 million.

Jose Fernandez da Ponte, Paypal’s senior vice president of blockchain, cryptocurrency, and digital currency, stated:

The enterprise environment is very well-suited for it … It’s a very rational conversation to have with the CFO.

Stablecoins are increasingly favored by businesses, particularly in regions where traditional currencies are volatile, as they provide quicker settlement and reduce reliance on third parties. Paypal’s PYUSD use in this transaction points to its advantages in the corporate world. Fernandez da Ponte stressed Paypal’s collaboration with reputable industry players to validate the usefulness of stablecoin payments, saying:

Paypal, SAP, EY – those are names that are very, very well-established.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。