YouTube has added PayPal’s dollar-pegged stablecoin as a payout option for U.S. content creators, marking one of PYUSD’s most high-profile use cases yet.
Updated Dec 12, 2025, 12:30 p.m. Published Dec 12, 2025, 12:05 p.m.
YouTube enabled U.S. content creators to receive their earnings in PayPal’s (PYPL) stablecoin PYUSD, according to a report by Fortune, which cited PayPal’s head of crypto, May Zabaneh.
“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,” said Zabaneh. She added that PayPal introduced the PYUSD payout option for payment recipients in the third quarter of 2025, with YouTube choosing to extend it only to U.S. creators.
The move highlights how major tech platforms, including Apple, Airbnb and X, are increasingly exploring stablecoins as a payout rails, allowing companies to avoid directly handling digital assets. The use of PYUSD by YouTube, which is part of Google (GOOG) marks one of the most prominent examples of PayPal’s stablecoin being used for creator monetization, expanding its role beyond backend payments into consumer-facing income streams.
PYUSD, which was unveiled in August 2023 and is issued by stablecoin infrastructure company Paxos, was designed for seamless conversions, cross-border transfers, subscriptions, vendor payments, and near-instant settlement within PayPal’s ecosystem, with an emphasis on everyday commerce and reducing banking delays and volatility risks.
The stablecoin has since gained traction, earning support on Visa’s stablecoin settlement platform alongside USDG$0.9999 and Circle’s EURC. PYUSD is now the sixth-largest stablecoin, with a market capitalization of $3.9 billion, according to data traced by CoinGecko.
PayPal and Google did not immediately respond to CoinDesk’s request for comment.
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