The move marks yet another digital asset users can transact with on Venmo, which began offering crypto purchases in 2021.
Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The peer-to-peer payment platform Venmo will soon offer the stablecoin PayPal USD, or PYUSD.release
. Users will be able to buy and send PYUSD to others on PayPal, Venmo or compatible external wallets. "In the first example of a stablecoin enabling wallet interoperability at scale with no cost, transfers between PayPal and Venmo users are fast and free, connecting two wallets with millions of users each," PayPal wrote.
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