PayPal Holdings has successfully moved over $1 billion between its US and international subsidiaries in just two hours using its PYUSD stablecoin. This pilot program reduced intercompany settlement times from days to hours across three continents. PYUSD, a dollar-pegged stablecoin fully backed by reserves, now has a supply exceeding $3 billion. The initiative is part of a broader treasury modernization effort that also earned PayPal recognition at the 2026 Adam Smith Awards.
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