The Defiant Inside the PYUSD's takeover of PayPal with May Zabaneh, VP Crypto
4 snips
Nov 7, 2025 May Zabaneh, VP of Product for Crypto at PayPal, dives into the exciting world of PYUSD, PayPal's new stablecoin. She explains how it aims to lower cross-border payment costs and enhance financial inclusion. Their proprietary stablecoin supports faster transactions within PayPal and Venmo, positioning itself for international expansion. The conversation also touches on merchant adoption, the blend of DeFi with traditional finance, and the vital role of interoperability in digital payments. Zabaneh even hints at how AI can revolutionize commerce with stablecoins!
AI Snips
Chapters
Transcript
Episode notes
Rebuild Payments With On-Chain Foundations
- PayPal sees rebuilding payments on-chain as the logical evolution of its business.
- May argues the company would build PayPal on-chain if starting today to enable interconnectivity with fiat.
Real Use Cases: Convert, Send, Spend
- PYUSD lets users convert crypto, transfer P2P, and use crypto at millions of PayPal merchants without merchants touching crypto.
- PayPal enabled PayPal-Venmo interoperability and automatic fiat settlement for merchants.
Global Transfers Before Global Holdings
- U.S. holders can transfer PYUSD to any external wallet globally, enabling cross-border reach today.
- International rollouts depend on regional regulations and licensing.