Odaily reports that YouTube is allowing its creators to receive earnings via PayPal's stablecoin. May Zabaneh, head of PayPal's crypto business, confirmed this to Fortune magazine, stating that the feature is officially live and currently only available to users in the United States.
A spokesperson for Google (YouTube's parent company) confirmed the news, stating that YouTube has added a new way to pay creators their earnings via PayPal stablecoins. YouTube has long been an enterprise user of PayPal, using PayPal's large-scale payment services to help part-time content producers, such as platform creators, receive their payments.
In early Q3 of this year, PayPal added the ability for recipients to receive payments in PayPal's stablecoin, PYUSD. YouTube subsequently opted to offer this option to its creators—who can use it to collect a share of the revenue they earn from publishing content on the platform.