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PayPal completes first corporate transaction with PYUSD stablecoin

Last week, PayPal used PYUSD to settle an invoice with Ernest & Young, an accounting firm. The transaction was conducted through SAPSE's Digital Currency Hub platform, which allows businesses to make instant digital payments 24/7. PayPal completed its first transaction using its stablecoin, PaypalUSD (PYUSD), taking a major step in the corporate payments space.