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PAYPAL Stablecoin Takeover?! What PYUSD Means For Crypto!!PayPal USD was introduced as a new cryptocurrency on August 7, It was designed to contribute to the potential that stablecoins offer for payments and is. PayPal USD can be transferred to compatible crypto wallets�both PayPal Wallets and externally. � Customers can purchase goods with PayPal USD. Customers in the U.S. and U.S. Territories (excluding Hawaii) can transact with the following Cryptocurrencies on PayPal: PayPal USD, Bitcoin, Ethereum.