FV Bank taps PayPal’s PYUSD for direct deposit and payments

FV Bank is expanding its stablecoin offerings by adding PYUSD for USD integration and cross-border payments.

FV Bank has enhanced its stablecoin services by integrating PayPal USD (PYUSD) into its digital banking platform. This addition simplifies global transactions by allowing account holders to receive PYUSD directly into their USD accounts, with real-time conversion to USD.

According to a press release shared with Crypto.news, the feature is now available and allows customers to send PYUSD payments directly from their USD accounts without the need to mint stablecoins or manage external wallets.

FV Bank facilitates this through its real-time transaction system that converts USD to PYUSD on demand and delivers it to recipients almost instantly.

FV Bank’s latest digital asset movements

In October 2024, FV Bank partnered with Visa to launch debit and corporate charge cards, which were announced at the Money 20/20 event in Las Vegas. The cards integrated banking and crypto solutions for individuals and businesses, allowing customers to spend both fiat and digital assets globally.

This move positions FV Bank as a leading US-licensed bank offering the three major stablecoins (USDC (USDC), USDT (USDT) and PYUSD) alongside traditional banking features. The platform also supports 13 global currencies, allowing businesses and individuals to manage treasury operations more efficiently.

PYUSD integration builds on previous launches, including USDC in 2021 and USDT in 2024.