How are you all? I hope everyone is well. I really enjoyed reading a piece of news today, so I'm writing and sharing some of my own thoughts. Since I'm interested in technology and the crypto world, I sometimes read new information in depth. The news I saw today seemed very important to me.
Recently, YouTube announced that it will now allow content creators in the United States to pay in the PYUSD stablecoin. PYUSD is a kind of dollar-backed stablecoin created by PayPal. The first thing that came to my mind when I read this news is how quickly the way money is being transacted in the internet world is changing! Where before there was only a bank account or PayPal, now YouTube will pay directly in stablecoins—this is a really big change.
PayPal had recently offered the facility to accept PYUSD on its platform. Now that YouTube has added it, the issue has come to the fore on a larger scale. In short, big organisations are no longer seeing crypto as just an experimental thing; Rather, they want to make it a part of real use. I find this change very positive.
Many users have also welcomed this update. Many say that receiving payments in this currency will make their work easier, especially in countries where international banking processes are complicated. I myself think that such an alternative payment system will help many creative people in the future.
Another thing that has interested me is that the market cap of PYUSD is now about $3.9 billion. It was mentioned that at the beginning of the year, it was only about $500 million. Such rapid growth in a few months means that both people and institutions are now giving more importance to stablecoins. Most of it is on the Ethereum network, and there is also a significant amount on Solana. PayPal has made it multi-chain, so it is gradually spreading to different networks.
In addition, another news has been seen. Two large financial institutions, named State Street and Galaxy, are going to launch an on-chain fund called SWEEP in 2026. They will use PYUSD as a settlement currency. I thought about this news when even such large institutions are adopting stablecoins, then it is no longer just a matter of the crypto world; it is also entering the mainstream financial system.
All in all, I think that this change by YouTube is not just a new feature; it is another big step towards the future of the digital economy. In a few years, we may see this type of payment as a very common thing. This is an example of how new technologies gradually take their place in people's lives.
Posted Using INLEO