Payments giant PayPal has reportedly completed its first business transaction using the dollar-pegged stablecoin that it launched last year.

PayPal recently completed what is said to be the first business payment using stablecoin $PYUSD, marking a milestone in the stablecoin industry's move toward broader adoption via business payments integration.

PayPal completed its first corporate payment using its PYUSD stablecoin to Ernst & Young, marking a significant step in the adoption of digital currencies for business transactions.

PayPal ($PYPL) has taken a significant step in digital payments by completing its first business transaction using its proprietary stablecoin,

PayPal completes its first-ever business payment using its PYUSD stablecoin, paying Ernst & Young via SAP’s digital currency hub.

PayPal’s successful business payment using PYUSD demonstrates the growing practicality and acceptance of stablecoins in commercial transactions. Fintech giants like Robinhood and Revolut are also

OKX has added support for PayPal's stablecoin PYUSD to be traded alongside USDT and USDC starting Thursday, October 3.

PayPal Holdings Inc. completed its first business payment using its proprietary stablecoin as a way to demonstrate how digital currencies can be used to improve often-clunky commercial transactions.

Payments giant PayPal completed its first business payment using its stablecoin, PYUSD, on September 23. The company paid an invoice to Ernst & Young LLP, using SAP SE’s digital currency hub, which allows for instant payments 24/7.