PayPal settles $1 billion in intercompany payments in two hours using PYUSD
- —Pilot moved over $1 billion in intercompany transfers in PYUSD
- —Settlement took two hours instead of several days
- —Funds moved between dedicated on-chain wallets across three continents
- —PYUSD supply has topped $3 billion and is available in about 70 markets
Why it matters: The pilot shows stablecoins can serve corporate treasury operations, not just trading and consumer payments.
Source: Crypto Briefing