PANews reported on June 11 that according to CoinDesk, PayPal announced that it will expand its US dollar stablecoin PYUSD to the Stellar blockchain, aiming to expand cross-border remittances and payment financing (PayFi) scenarios. Previously, PYUSD has been running on Ethereum and Solana. Through the Stellar network, PYUSD can provide real-time working funds for small and medium-sized enterprises to pay suppliers, inventory management and other operational needs. The cooperation has been approved by the New York Department of Financial Services (NYDFS) and will be launched after the final integration review is completed.