YouTube enables PYUSD stablecoin payouts for US creators: Report
Analysis
Price Impact
HighYoutube enabling pyusd payouts for us creators represents a massive expansion of the stablecoin's utility and potential user base. given youtube's global reach and substantial creator economy, this integration could significantly boost pyusd adoption and demand.
Trustworthiness
HighThe report is from fortune, a reputable financial news source, and quotes paypal's head of crypto, may zabaneh, directly confirming the feature is live.
Price Direction
BullishIncreased utility, accessibility, and integration into a major platform like youtube will drive demand for pyusd, potentially leading to a higher market capitalization as more creators and users utilize it for payments.
Time Effect
LongWhile initial sentiment may provide a short-term boost, the full impact of this adoption will unfold gradually as creators onboard and integrate pyusd into their payment workflows, leading to sustained growth over time.
Original Article:
Article Content:
Brian Quarmby 1 minute ago YouTube enables PYUSD stablecoin payouts for US creators: Report Fortune reported that YouTube is allowing creators to be paid in PayPal's stablecoin, a potential boon for adoption due to the platform's size. Listen 0:00 News COINTELEGRAPH IN YOUR SOCIAL FEED Video-sharing giant YouTube has reportedly enabled US-based creators to accept payouts in PayPal’s stablecoin, PYUSD. Fortune reported on Thursday that PayPal’s head of crypto, May Zabaneh, said the feature is live, but only for users in the US. The firm integrated the ability for recipients to accept payments in PYUSD earlier this year, with YouTube ultimately opting to open that choice up to its creators. “The beauty of what we’ve built is that YouTube doesn’t have to touch crypto and so we can help take away that complexity,” she said. PayPal has had a long-running relationship with YouTube, with the platform allowing users to pay via its services for many years, alongside utilizing it for creator AdSense payouts. YouTube may be warming up to crypto, after its history of shadowbanning crypto content , as digital assets are making their way into the mainstream. The move could also be a potential boon for stablecoin adoption , given the size of YouTube’s platform. Related: Visa pilots fiat-funded stablecoin payouts for US businesses The stablecoin market has exploded over the past year as mainstream businesses, institutions and governments have moved to integrate the assets with traditional finance. PSYUD was launched in mid-2023 and has a current market cap of $3.9 billion according to CoinGecko data. It has skyrocketed in market value since the start of the year, increasing from around $500 million in January. PYUSD market cap. Source: CoinGecko A significant chunk of PYUSD’s growth has come since the start of September, when the market cap was sitting around $1 billion. During that month, PYUSD was integrated with Spark’s lending markets and Bitfinex’s Stable , an institutional-grade stablecoin blockchain. Magazine: Stablecoins will see explosive growth in 2025 as world embraces asset class # PayPal # Google # Business # Adoption # YouTube # Stablecoin # PayPal USD Add reaction