About
PayPal is a global payments network that issues PayPal USD (PYUSD), minted by Paxos, and integrates stablecoin functionality across PayPal, Venmo and its merchant/payouts products. PYUSD has expanded to 70+ countries and is used for cross-border business payouts via PayPal's 'Pay with Crypto' merchant feature.
Stablecoins
Key products
Chains
- Founded
- 1998
- HQ
- San Jose, USA
- Stage
- Public
- Funding
- Public (NASDAQ: PYPL)
Related companies

Coinbase
Largest US crypto exchange and USDC co-issuer
Coinbase is the largest US-listed crypto exchange and a primary stablecoin trading venue. It co-founded USDC with Circle via the Centre consortium and earns a share of USDC reserve revenue, while operating Base (its L2), Coinbase Wallet, custody and on/off-ramp services. In 2026 it is positioning around stablecoins, Base, and an 'everything exchange' strategy.

MoonPay
Fiat-to-crypto on/off-ramp infrastructure
MoonPay is one of the largest fiat<>crypto on/off-ramp providers, letting businesses embed buy/sell flows via widget, SDK, or API across 180+ countries and most major fiat currencies and local payment methods. It has expanded aggressively through acquisitions since 2025, adding stablecoin payments, card, and wallet capabilities (including Helio and Iron).
Stripe
Global payments platform with native stablecoin checkout
Stripe is the dominant internet payments platform. After acquiring stablecoin infrastructure startup Bridge for ~$1.1B in early 2025 and stablecoin wallet firm Privy, Stripe rolled out native stablecoin acceptance: every Stripe merchant can accept USDC (and USDB) through standard checkout, and Stripe powers USDC payments for millions of Shopify merchants. It charges a flat ~1.5% on stablecoin transactions.

Banking Circle
Issuer of EURI
Banking Circle, a Luxembourg-based bank supervised by the CSSF, issues EURI, a MiCA-compliant euro stablecoin, integrating it with its cross-border banking and payments infrastructure for financial institutions.

Bastion
Regulated stablecoin issuance & wallet infrastructure
Bastion is a stablecoin infrastructure provider with a regulated trust-company posture (via Dibbs Trust), focused on enterprise stablecoin issuance, embedded wallets and compliance. It offers turnkey minting/redeeming, custody and orchestration for fintechs and enterprises looking to launch compliant stablecoin programs.

Block (Square)
Merchant payments giant adding stablecoin acceptance
Block, the parent of Square and Cash App, is integrating stablecoin payments into its merchant ecosystem, enabling small businesses to accept USDC and settle to fiat, and exploring Lightning/Bitcoin and stablecoin rails across Cash App.
