WalletConnect Pay added PayPal USD (PYUSD) as a payment method available across its entire merchant network. The integration allows users to spend PYUSD directly from their self-custodial wallets —including MetaMask, Trust and Ledger— without intermediate steps, bridges or additional tools.
PYUSD is a regulated stablecoin, backed 1:1 with US dollars, issued by Paxos Trust Company, a fiduciary entity supervised by the Office of the Comptroller of the Currency (OCC). Natively available on Arbitrum, Ethereum, Solana and Stellar, it is already integrated into PayPal and Venmo, platforms with hundreds of millions of users.
WalletConnect Pay is the payments solution built on the world’s largest wallet network. It manages balance verifications, routing, compliance checks and settlement, so merchants receive funds without needing to modify their existing systems. The network already operates with companies such as Coinbase, Stripe, Shopify, BitPay and MoonPay.
Source: https://walletconnect.com/blog/your-pyusd-on-walletconnect-pay
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