YouTube lets creators get paid in PayPal’s stablecoin

YouTube is already an existing customer of PayPal’s and uses the FinTech company’s payouts service, which helps large enterprises pay gig workers and contractors

YouTube has reportedly begun letting creators on its platform get paid in PayPal’s stablecoin.

So far, this feature only applies to U.S. users, May Zabaneh, PayPal’s head of crypto, told Fortune in a report published Friday (Dec. 12).

A spokesperson for YouTube parent Google confirmed that the site has added payouts for creators in PayPal’s stablecoin but declined to comment otherwise, the report added.

YouTube is already an existing customer of PayPal’s and uses the FinTech company’s payouts service, which helps large enterprises pay gig workers and contractors.

PayPal earlier this year added the capability for payment recipients to get paid in PayPal’s stablecoin, PYUSD. After that, YouTube decided to give that choice to creators, who get a portion of earnings from the content posted to the platform, said Zabaneh.

The beauty of what we’ve built is that YouTube doesn’t have to touch crypto and so we can help take away that complexity, she added.

As the Fortune report noted, YouTube’s interest in stablecoins comes as the world’s big tech companies are showing interest in the cryptocurrencies, tokens pegged to assets such as the dollar.

Longtime fixtures of the crypto sector, stablecoins have seen a wider level of mainstream adoption this year in countries such as the U.S., particularly after President Donald Trump signed into law the GENIUS Act, the first major piece of legislation regulating the crypto assets.

Advocates, the report added, say stablecoins offer an upgraded version of existing financial infrastructure. Mainstream FinTechs appear to be getting on board, Fortune continued, citing the example of Stripe’s $1.1 billion purchase of the stablecoin startup Bridge in February.