PayPal executes $1B in intercompany dividend payments in 2 hours using stablecoins
Summary
PayPal has announced that it can execute $1 billion in intercompany dividend payments in just two hours using stablecoins, according to Steve Everett from PayPal. This advancement highlights the efficiency of stablecoins, which allow for significantly faster settlement of payments compared to traditional banking processes that can take 6 to 10 business days. The move reflects a growing trend among enterprises to explore stablecoins for B2B settlements and liquidity management in their global operations.
Tokens
$PYPL
Analysis
PayPal: PayPal is a digital payments platform focused on online money transfers, merchant services, and expanding into crypto and digital assets through its PYUSD stablecoin and related initiatives. Steve Everett, its Head of Global Market Development for Crypto and Digital Assets, highlighted the company's use of stablecoins for rapid intercompany transactions at a recent industry event. Steve Everett: Steve Everett is Head of Global Market Development - Crypto & Digital Assets at PayPal, where he focuses on blockchain, stablecoins, payments, and strategic partnerships in the crypto space. He was quoted in the news discussing PayPal's stablecoin-enabled payment speeds during a panel at the LONGITUDE Singapore event. Corporate Adoption: Enterprises are increasingly exploring stablecoins for B2B settlements and liquidity management in global operations. Payments Efficiency: Stablecoins enable significantly faster settlement for intercompany and treasury payments compared to traditional banking rails.
Categories
cryptorwadefiai_agentstech
Related sources
- https://rocketreach.co/steven-everett-email_15442702
- https://www.gate.com/ar/news/detail/STABLE/stable-ceo-announces-paypal-usd-integration-on-october-8-24653871
- https://treasurytoday.com/technology/stablecoins-are-growing-but-are-payment-uses/
- https://www.paymentsdive.com/news/paypal-ceo-plans-for-a-fix/830171/
- https://x.com/i/status/2108117865337676186
- https://app.thebigwhale.io/people/steven-everett
- https://x.com/i/status/2108121854367936761
- https://x.com/i/status/2108192172948214266
- https://www.linkedin.com/posts/stevenreverett_senior-manager-crypto-business-development-activity-7405250612843438081-C-np
- https://www.linkedin.com/in/stevenreverett
- https://investor.pypl.com/files/doc_financials/2026/q2/PYPL-2Q-26-Earnings-Release.pdf
- https://x.com/i/status/2108191922489856455
- https://bingx.com/en/flash-news/post/hyundai-card-completes-first-stablecoin-crossborder-intercompany-payment-test-between-hyundai-motor-us-and-mexico-units
- https://www.benzinga.com/news/topics/25/09/47611697/paypal-crypto-executive-steve-everett-calls-startups-stablecoin-powered-agent-network-a-killer-combination-for-global-commerce