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PayPal CEO Alex Chriss highlights the challenges of stablecoin adoption in the US, citing a lack of consumer incentives. Meanwhile, regulatory progress and PayPal’s PYUSD expansion aim to bridge the gap between crypto and traditional payments.
- PayPal’s PYUSD holds only 0.4% of the stablecoin market, lagging behind USDC and USDT.
- The GENIUS Act could create the first federal regulatory framework for stablecoins, impacting adoption and competition.
- Cross-border payments, with average fees of 6.3–6.6%, present a key growth opportunity for PYUSD and blockchain-based transfers.
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