Venmo Unleashes Stablecoin Support for 67 Million Users

Venmo has rolled out support for the $PYUSD stablecoin, allowing its more than 67 million users to buy, sell, and send the token directly within the app.

The move marks one of the largest single expansions of stablecoin access inside a mainstream U.S. payments app to date, and it could push other fintech companies to add similar features to their own apps.

The $PYUSD stablecoin is backed by PayPal and issued through Paxos infrastructure, alongside its sibling stablecoin $USDG.