YouTube now allows US creators to receive payouts in PayPal's PYUSD stablecoin: report

YouTube now lets U.S.-based creators to receive payouts in PayPal's PYUSD stablecoin, according to a Thursday report from Fortune.

The new feature builds on YouTube's existing relationship with PayPal. In the third quarter of 2025, PayPal reportedly began offering bulk-payment recipients — such as independent contractors — the option to receive their payouts in stablecoins.

The U.S. dollar-pegged PYUSD stablecoin, launched in 2023, currently holds a market capitalization of $3.9 billion and saw $113 million worth of trade volume in the past 24 hours, according to The Block's price page. It stands as the world's eighth-largest stablecoin as of Dec. 12.

While currently limited to U.S. creators, this expansion of PYUSD's relationship with YouTube — a platform with over 2.7 billion monthly users — could significantly increase the stablecoin's adoption. In September, YouTube revealed that it had paid creators over $100 billion in the past four years.

The Block has reached out to Google and PayPal for comment.

Outside of YouTube, PayPal has continued to expand PYUSD across its suite of products. It allows users to hold the stablecoin in its Venmo digital wallet. Back in July, PayPal said users can pay small businesses in dozens of cryptocurrencies, which are converted into PYUSD at checkout.

The stablecoin sector as a whole has seen notable global growth and adoption, largely spurred by U.S. President Donald Trump's aggressive endorsement and the subsequent passage of the GENIUS Act.

Fueled by the U.S. regulatory push for its already-dominant stablecoin, numerous other economies — including the UK, South Korea, and Japan — have been prompted to introduce new rules designed to regulate and promote stablecoins pegged to their own local currencies.

The Block's data shows that the entire stablecoin market capitalization sits around $300 billion, while U.S. Treasury Secretary Scott Bessent has projected the market to reach $3 trillion by 2030.

Expand Chart