Venmo is rolling out Venmo PYUSD support for its user base, giving more than 67 million account holders the ability to buy, sell, and send the PayPal-backed stablecoin directly inside the app. The update, reported by Coinfomania, arrives at a moment when the broader crypto market is sending mixed signals, and it marks one of the largest single expansions of stablecoin access inside a mainstream U.S. payments app to date.
Key takeaways
Venmo now supports PYUSD, letting eligible users buy, sell, and send the stablecoin from within the app.
More than 67 million Venmo users have access to the feature, according to Coinfomania.
No official trading volume data for Venmo’s PYUSD activity has been reported so far.
PYUSD’s broader market cap has been climbing alongside sibling stablecoin USDG, both issued through Paxos infrastructure, per Crypto Briefing.
The move could push other fintech companies to add similar stablecoin features to their own apps.
Venmo Launches PYUSD Sta
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