PayPal has announced an expansion to its “Crypto with Crypto” platform, allowing merchants to accept over 100 cryptocurrencies, resolve transactions instantly, and reduce international fees by up to 90%.
PayPal’s Stablecoin Pyusd is the clearest winner, but the ripple effect across Altcoins can be important.
PYUSD will quickly surge and unlock 4% yield on hold
At the heart of PayPal’s strategy is its Stablecoin, Pyusd. Following the announcement, PYUSD’s trading volume has been spiked by 158%, reflecting a growing interest in coin utilities and embedded incentives.
PYUSD performance. Source: CoinMarketCap
Companies using PayPal can now earn 4% APY on PYUSD held in their wallets. Additional perks include immediate access to revenue, delayed side-tips, and high rates characteristic of traditional bank rails.
“Using PayPal’s open platform, businesses can accept crypto for payments, increase profit margins, lower transaction fees, have immediate access to revenue, and increase funds stored at 4% as PYUSD,” reads an excerpt from birth, citing PayPal CEO Alex Chriss.
The move coincides with PayPal’s broader vision to transform PYUSD into a native global commerce asset. Our recent partnership with Fiserv will further strengthen this ambition around the world by expanding the use of Stablecoin.
Winners Beyond Pyusd: Ethereum, Solana, Arbitrum, etc.
Meanwhile, the infrastructure that enables PYUSD is also in the spotlight. The blockchain that drives PayPal’s Stablecoin is poised to increase transaction activity as more companies, such as Ethereum (ETH), Arbitrum (ARB), Stellar (XLM), and Solana (SOL), use the platform. Solana in particular is already seeing momentum.
“Fintech Giant Paypal allows merchants to accept over 100 cryptocurrencies, including Solana-based meme coins, such as Trump and Fartcoin,” wrote Solana Floor.
While the meme coins remain speculation, their inclusion underscores PayPal’s commitment to broad support across the ecosystem.
This model can mirror the Tron (TRX) boom following the widespread adoption of USDT over the network. The volume potential is enormous, with over 650 million crypto users and a market capitalization of over $3 trillion worldwide.
Who else will benefit? Altcoins accepted payment
Beyond infrastructure, coins directly supported for payments can experience fresh demand. PayPal has revealed it will support over 100 cryptocurrencies through integration with wallets such as Coinbase, Metamask, Phantom, OKX, Kraken, Binance and more.
This includes majors such as BTC, ETH, USDT, USDC, XRP, BNB, SOL, and unexpected additions such as Trump and Fartcoin.
As PayPal begins to oversee US merchants in the coming weeks, this broad coin acceptance could bring new utilities to Altcoins, which have traditionally seen limited use of actual payments.
Ultimately, PayPal’s expansion is more than pumping out some tokens. It shows a structural shift towards commercial transactions from crypto, unlocking borderless payments and showing financial access for businesses around the world.
“By enabling seamless cross-border crypto payments, we break long-standing barriers in global commercial transactions. These innovations not only simplify payments, they also drive merchant growth, expand consumer choices, and reduce costs,” Chriss said.