Xoom Users Can Now Make Transfers With PayPal Stablecoins

Cross-border money transfer service Xoom now lets users make transactions with PayPal’s USD stablecoin.Xoom, owned by PayPal, said in a Thursday (April 4) press release that the new funding option lets users in the United States convert the stablecoins (PYUSD) in their linked PayPal Cryptocurrency Hub to U.S. dollars. They can then use it to fund transactions to recipients in approximately 160 countries with no transaction fees.“When we decided to bring PayPal USD to market, we had two objectives we wanted ...