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YouTube Now Pays Creators in Stablecoins!
13 Dec
Summary
- YouTube allows U.S. creators to receive payouts in stablecoins.
- PayPal's PYUSD stablecoin is integrated for these payments.
- This feature offers crypto speed with fiat stability for creators.
Video-sharing platform YouTube, a subsidiary of Google, is now enabling U.S.-based creators to receive their payouts in stablecoins. This significant integration utilizes PayPal's PYUSD stablecoin, capitalizing on an existing customer relationship between the two companies. The feature is currently live and exclusively available to creators in the United States.
The partnership allows YouTube to offer a novel payment method without directly engaging with cryptocurrency complexities. PayPal's PYUSD is a stablecoin pegged at a 1:1 ratio with the U.S. dollar, built on the Ethereum blockchain and issued by Paxos. This technology aims to combine the rapid transaction capabilities of cryptocurrencies with the steady value of fiat money.
This adoption by a major tech platform signals a growing mainstream acceptance of stablecoins as a viable payment option. The move also aligns with broader trends, including regulatory considerations for stablecoins and their potential role in international finance, as observed in previous governmental interest.
