The payments giant announced that it will help expand the reach of Hyperliquid’s new stablecoin, integrating distribution through both PayPal and its popular peer-to-peer app Venmo.
For beginners and investors, the news matters because it shows how fast traditional companies are embracing stablecoins. A partnership like this can bring blockchain-powered money into the hands of millions of users who already trust PayPal’s network.
Why Stablecoins Matter
Stablecoins are digital tokens designed to hold a steady value, usually pegged to a traditional currency like the US dollar. They combine the speed and transparency of blockchain with the reliability of fiat money. For years, stablecoins such as USDC and Tether have been widely used in crypto trading, but adoption outside the crypto ecosystem has been slower.
PayPal is looking to change that. By working with Hyperliquid, a blockchain network designed for fast and efficient trading, the company aims to push stablecoins beyond exchanges and into everyday payments. With Venmo’s 60 million users and PayPal’s reach of more than 430 million accounts worldwide, distribution could scale quickly.
We’re all in. Let’s expand the Hyperliquid community together across our broad network of 400M+ PayPal and @Venmo accounts! https://t.co/XBziwq8kTy
— PayPal (@PayPal) September 11, 2025
The benefits go beyond convenience. Blockchain settlement can reduce costs, improve transparency, and enable transfers across borders in minutes instead of days. For small businesses or freelancers who work internationally, this could be a game-changer.
More About USDH
Ethena Labs has officially withdrawn its bid to issue Hyperliquid’s USDH stablecoin, citing valid concerns raised by the community. Founder Guy Young explained that some community members saw Ethena as not a Hyperliquid-native team. They also believed Ethena had other product lines in motion and was not focused solely on one partner exchange.
The last few days have been incredible to witness. I’ve never seen a community rally around and engage with passion like this before.
Following direct discussions with individuals in the community and validators we have taken onboard some of the concerns, namely:
-Ethena is not…
— G | Ethena (@gdog97_) September 11, 2025
Young acknowledged these points and pulled the proposal. He emphasized that Ethena will remain active in the ecosystem, continuing work on hUSDe, USDe savings and cards, hedging flows on Hyperliquid, and HIP-3 markets.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies presented are the thoughts and opinions of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments; therefore, please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd.
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Nancie Serna