Stablecoins make funds move faster, cheaper, and borderless. But for a long time, holding a stablecoin still meant jumping through hoops when you actually wanted to use it. That gap is closing fast - PayPal USD (PYUSD) is now spendable wherever WalletConnect Pay is available.
Paxos Trust Company, N.A. PYUSD is fully backed by U.S. dollars and issued by one of the most widely distributed, regulated providers, Paxos Trust Company, N.A. With this integration, the PYUSD you already hold can now flow directly from your wallet to merchants in the WalletConnect Pay network — no extra steps, no bridges, no friction.
What Is PYUSD, and Why Does It Matter?
PYUSD is a fully regulated, 1:1 USD-backed stablecoin issued by Paxos Trust Company, N.A., a fully chartered trust company regulated by the Office of the Comptroller of the Currency (OCC). Every PYUSD is backed by US dollar deposits, short-term US Treasuries, and similar cash equivalents held at leading custodians.
But what makes PYUSD stand out beyond its regulatory pedigree is its distribution. PYUSD is the first stablecoin issued in partnership with a major US payments company, with native integration across PayPal and Venmo, putting it directly in front of hundreds of millions of users from day one.
Available natively on Arbitrum, Ethereum, Solana, and Stellar, and supported by a growing roster of exchanges, wallets, and DeFi protocols, PYUSD has continued to expand its footprint as adoption deepens.
What Is WalletConnect Pay?
WalletConnect Pay is a complete, compliant payment method built on the world's largest wallet network, designed to fit directly into existing PSP stacks with a single, future-ready integration. If you've ever connected a wallet to a dApp, you've probably used WalletConnect. WalletConnect Pay takes that same infrastructure and extends it to commerce.
WalletConnect Pay lets users pay directly from their self-custodial wallets, including MetaMask, Trust, Ledger, and more, at any merchant that's integrated with WalletConnect Pay. Behind the scenes, it handles balance checks, routing, compliance screening, and settlement, so merchants receive funds without needing to overhaul their existing workflows.
The WalletConnect network already powers payment flows for names you know: Coinbase, Stripe, Shopify, BitPay, MoonPay, and Mesh. In 2026, Ingenico, one of the world's largest payment service providers, integrated WalletConnect Pay. Similarly, iMin, a global provider of Android-based smart business devices, recently announced a partnership with WalletConnect Pay to enable stablecoin payments directly at checkout via their Android point-of-sale terminals.
So What Does This Mean for You?
If you're holding PYUSD, you're holding value that is now part of the payments infrastructure of the modern internet, and increasingly the physical world too.
You simply need to connect your wallet and pay. This is what spending crypto is supposed to feel like - your money, in your wallet, usable wherever you are.
The Bigger Picture
The stablecoin landscape is maturing quickly, and the gap between "holding" and "spending" is growing smaller. Regulatory clarity, trusted issuers, and real payment infrastructure are converging, and PYUSD sits at the center of that convergence, combining the trust of a top-tier US-regulated issuer with the distribution of one of the world's largest consumer payment networks.
Stay tuned - more supported assets, more merchant integrations, and more ways to spend are coming soon to WalletConnect Pay.