YouTube has started letting creators in the United States receive their payments in PayPal’s stablecoin, PYUSD.
This update provides users with another way to collect earnings besides traditional payout options.
According to a report from Fortune on December 11, May Zabaneh, PayPal’s head of crypto, confirmed that the feature is already active but limited to US users for now.
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PayPal had previously added support for PYUSD payouts earlier this year, and YouTube has now decided to extend that option to its creators.
Zabaneh explained that the process is designed to keep YouTube from dealing directly with cryptocurrencies. She said:
The beauty of what we’ve built is that YouTube doesn’t have to touch crypto and so we can help take away that complexity.
PayPal and YouTube already share a long history. For years, users have been able to make payments through PayPal and receive AdSense payouts using the same platform. Adding PYUSD to the list continues that partnership in a digital form.
PYUSD was launched in mid-2023 and has grown quickly since then. The stablecoin currently holds a market value of about $3.9 billion, up from around $500 million at the start of the year.
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