Venmo Brings Stablecoin Transactions to 67 Million Users

Venmo has introduced support for the PYUSD stablecoin, allowing users to buy, sell, and send it directly within the app. This move marks one of the largest single expansions of stablecoin access inside a mainstream US payments app.

More than 67 million Venmo users now have access to buy, sell, and send PYUSD, according to Coinfomania. The ability to make stablecoin transactions from within the app is what makes this rollout notable, as it turns a crypto asset into something as accessible as splitting a dinner bill or paying a roommate.

The scale of this rollout stands out most. With more than 67 million users now able to access PYUSD through Venmo, the number dwarfs the user base of most standalone crypto exchanges.