PYUSD，PayPal 的稳定币，旨在彻底改变国际交易

PayPal 宣布在数字支付的发展中迈出重要一步，利用 Xoom 服务通过其稳定币 PayPal USD (PYUSD) 进行跨境交易。

PayPal is making waves in the world of digital payments once again. The company has announced that it will be using Xoom to facilitate cross-border transactions with its stablecoin, PayPal USD (PYUSD).

PayPal 再次在数字支付领域掀起波澜。该公司宣布将使用 Xoom 促进其稳定币 PayPal USD (PYUSD) 的跨境交易。

This move is part of a larger strategy to expand the use of stablecoins in international markets, particularly in Asia and Africa. The aim is to improve the efficiency of global transactions, especially during non-traditional banking hours, and to enhance access to financial services worldwide.

此举是扩大稳定币在国际市场（特别是亚洲和非洲）使用的更大战略的一部分。其目的是提高全球交易效率，特别是在非传统银行营业时间，并改善全球金融服务的可及性。

PYUSD, launched earlier this year, is pegged 1:1 to the US dollar and is issued by Paxos Trust Company, a recognized authority in the cryptocurrency sector. Since its launch, PYUSD has been facing the challenge of competing with established stablecoins like USDC from Circle Internet Financial. However, PayPal is investing resources to extend the impact and utility of its stablecoin.

PYUSD于今年早些时候推出，与美元1:1挂钩，由加密货币领域公认的权威机构Paxos Trust Company发行。自推出以来，PYUSD 一直面临着与 Circle Internet Financial 的 USDC 等成熟稳定币竞争的挑战。然而，PayPal 正在投入资源来扩大其稳定币的影响和效用。

In this endeavor, Xoom, Cebuana Lhuillier, and Yellow Card will play a crucial role in managing the distribution of payments in PYUSD, opening up new possibilities for customers in emerging markets.

在这一努力中，Xoom、Cebuana Lhuillier 和 Yellow Card 将在管理 PYUSD 支付分配方面发挥关键作用，为新兴市场的客户开辟新的可能性。

Commenting on the matter, Chris Maurice, CEO of Yellow Card, had the following to say:

Yellow Card 首席执行官 Chris Maurice 在评论此事时说道：

“Stablecoins like PYUSD are transforming the global payments landscape, and thanks to our integrated infrastructure and technology, users will be able to move money more efficiently.”

“像 PYUSD 这样的稳定​​币正在改变全球支付格局，借助我们的集成基础设施和技术，用户将能够更有效地转移资金。”

With PYUSD, PayPal is aiming to not only improve accessibility but also ensure that transactions are simple and secure, especially for those living in regions with limited access to traditional banking services.

通过 PYUSD，PayPal 的目标不仅是提高可访问性，而且还确保交易简单且安全，特别是对于那些生活在传统银行服务受限地区的人们。

Moreover, thanks to the new partnership, cross-border transactions can also be settled outside of traditional banking hours, a crucial aspect for supporting trade and personal payments on a global level.

此外，由于新的合作伙伴关系，跨境交易也可以在传统银行营业时间之外进行结算，这是支持全球贸易和个人支付的一个重要方面。

Technology and Infrastructure Supporting the Stablecoin

支持稳定币的技术和基础设施

One of the key features of PYUSD is that it is compatible with the Ethereum ecosystem, being an ERC-20 token. This allows easy integration with various digital wallets, Web3 applications, and cryptocurrency exchanges, making the stablecoin highly flexible for developers and businesses.

PYUSD 的主要特点之一是它与以太坊生态系统兼容，是一种 ERC-20 代币。这可以轻松地与各种数字钱包、Web3 应用程序和加密货币交易所集成，使稳定币对开发人员和企业而言高度灵活。

PayPal has been working consistently to ensure that PYUSD is adopted on a large scale, collaborating with major companies in the crypto sector.

PayPal 一直致力于与加密货币领域的主要公司合作，以确保 PYUSD 得到大规模采用。

During 2024, PayPal launched new integrations to enhance the use of PYUSD. Among these, a rewards program with Anchorage Digital. That is a cryptocurrency custodian, which incentivizes customers to hold PYUSD by offering rewards to holders.

2024 年期间，PayPal 推出了新的集成，以增强 PYUSD 的使用。其中包括 Anchorage Digital 的奖励计划。这是一个加密货币托管机构，通过向持有者提供奖励来激励客户持有 PYUSD。

The company has also facilitated the purchase of cryptocurrencies using PayPal accounts, thanks to the partnership with MoonPay, a Web3 infrastructure provider.

由于与 Web3 基础设施提供商 MoonPay 的合作，该公司还促进了使用 PayPal 账户购买加密货币。

PayPal then expanded its offerings by bringing PYUSD to the Solana blockchain, an operation carried out in collaboration with Crypto.com, Phantom, and Paxos.

随后，PayPal 与 Crypto.com、Phantom 和 Paxos 合作，将 PYUSD 引入 Solana 区块链，从而扩大了其产品范围。

This operation has allowed users to access a blockchain network characterized by high speed and reduced transaction costs, increasing the possibilities of using the stablecoin.

该操作使用户能够访问具有高速和降低交易成本特点的区块链网络，增加了使用稳定币的可能性。

The Challenge in the Stablecoin Market

稳定币市场的挑战

Despite the efforts and new collaborations, PYUSD still has to face strong competition from leading stablecoins like Tether’s USDT and Circle’s USDC.

尽管做出了努力和新的合作，PYUSD 仍然面临来自 Tether 的 USDT 和 Circle 的 USDC 等领先稳定币的激烈竞争。

With a market capitalization reaching 128 billion dollars and 37 billion dollars respectively, these two stablecoins dominate the sector.

这两种稳定币的市值分别达到1280亿美元和370亿美元，在该领域占据主导地位。

However, PayPal is focusing on its vast network of global users and technological innovations to bridge the gap and capture a larger market share.

然而，PayPal 正专注于其庞大的全球用户网络和技术创新，以缩小差距并占领更大的市场份额。

According to the most recent data, PYUSD is still building its user base and its transaction volume.

根据最新数据，PYUSD 仍在建立其用户基础和交易量。

However, the company stated that it is confident in the growth potential, considering that stablecoins are gaining more and more relevance in the global financial landscape.

然而，该公司表示，考虑到稳定币在全球金融格局中的重要性越来越大，它对增长潜力充满信心。

With an infrastructure designed for scalability and security, PayPal aims to make a difference, also thanks to the support of its technological partners.

凭借专为可扩展性和安全性而设计的基础设施，PayPal 旨在有所作为，这也得益于其技术合作伙伴的支持。