Xoom Integrates PayPal Stablecoin for Fee-Free International Transfers to 160 Countries

Illustration of a digital globe showcasing Xoom's international transfer service with PayPal stablecoin to 160 countries.


Expanding Global Transactions with PayPal’s Innovation

PayPal‘s international payment service, Xoom, is revolutionizing the way money is sent across borders. With the integration of PayPal’s own stablecoin, PYUSD, U.S.-based users can now transfer funds internationally to around 160 countries without incurring any fees from Xoom. This significant enhancement not only simplifies the process of sending money abroad but also makes it more economical for users.

Seamless Conversions and Diverse Payment Options

The introduction of PYUSD into Xoom’s service portfolio allows for easy conversions from PYUSD to U.S. dollars. This feature facilitates remittances across the globe, offering a variety of delivery methods. Users can choose to transfer funds directly to bank accounts, mobile wallets, or even select physical locations where recipients can pick up the money. However, it’s important to note that while transfers using PYUSD are exempt from Xoom fees, currency conversions from USD to other currencies will still involve a markup.

Regulatory Compliance and Service Availability

The service’s expansion comes with a keen observation of regulatory frameworks, making it accessible to all U.S. users with the exception of those in Hawaii, due to specific state regulations on cryptocurrency holdings. The oversight and management of PYUSD are handled by the Paxos Trust Company, a New York-based institution known for its stringent compliance with financial regulations.

A Competitive Edge in the Stablecoin Market

Since its launch, PYUSD has witnessed nearly $200 million in issuance, underscoring the stablecoin’s growing acceptance and usage. This move by PayPal and Xoom not only enhances their service offering but also positions them competitively against other players in the stablecoin market, such as Ripple, which recently announced its plans to introduce a U.S. dollar-backed stablecoin.


In conclusion, Xoom’s integration of PYUSD for international money transfers represents a significant leap forward in making cross-border transactions more accessible, affordable, and efficient for users. As the landscape of digital currency continues to evolve, such innovations are poised to redefine the remittance industry, offering more choices and better services to consumers worldwide.


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