PayPal Vice President: Plans to have PYUSD adopted on CEX, no international expansion plans at the moment.

On August 14th, Jose Fernandez da Ponte, the Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies at PayPal, stated in an interview with crypto journalist Laura Shin that although the stablecoin PYUSD, launched by PayPal on the Ethereum network, can only be obtained through the PayPal wallet, their goal is to make PYUSD available on major trading platforms as well. PayPal believes that stablecoins are the killer application in the current blockchain industry, especially in areas such as remittances, B2B payments, and digital goods. PayPal's vision is to become the channel between fiat currency and Web3, making stablecoin payment systems mainstream. Regarding international expansion, PayPal plans to start in the United States before considering other markets. However, PayPal currently has no plans to link stablecoins with currencies other than the US dollar. Additionally, PayPal plans to attract different user groups, including the video game industry, by providing innovative payment use cases such as streaming payments and purchasing digital goods in gaming environments.