YouTube enables PYUSD payouts for U.S. creators, Fortune reports
YouTube has enabled U.S.-based creators to receive payouts in PayPal’s U.S. dollar stablecoin, PYUSD, Fortune reported on Thursday, citing May Zabaneh, PayPal’s head of crypto. The option is currently available only to users in the United States.
PayPal introduced the capability for recipients to accept payments in PYUSD earlier this year, and YouTube has now extended that choice to creators on its platform. Zabaneh said PayPal’s infrastructure allows YouTube to offer the option without directly handling crypto, reducing operational complexity for the platform.
PayPal and YouTube have an established payments relationship, with PayPal long supporting transactions on the platform and facilitating AdSense disbursements to creators.
The development comes as stablecoins see wider use across businesses, institutions, and public-sector initiatives. PYUSD, which launched in mid-2023, has a market capitalization of $3.9 billion, up from about $500 million in January, according to CoinGecko data.
A large portion of that growth occurred since early September, when PYUSD’s market cap was roughly $1 billion. During that period, PYUSD was integrated with Spark’s lending markets and Bitfinex’s Stable, an institutional-grade stablecoin blockchain.
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