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YouTube has launched a new option to pay U.S. creators using stablecoins.
BlockBeats News, December 12, YouTube is now allowing its platform creators to receive earnings in stablecoins via PayPal. May Zabaneh, Head of PayPal's Crypto Business, confirmed this arrangement to Fortune magazine, stating that the feature has officially launched and is currently only available to U.S. users.
A spokesperson from Google (YouTube's parent company) also confirmed this news, stating that YouTube has added the option for creators to receive income through PayPal in stablecoins. YouTube has been a long-time enterprise user of PayPal, utilizing PayPal's large-scale payment services to help part-time content producers like platform creators receive compensation.
In early Q3 of this year, PayPal introduced the ability for recipients to receive funds in PayPal's stablecoin, PYUSD. Subsequently, YouTube chose to offer this option to its creators—allowing them to receive a share of the earnings generated from the content they post on the platform.
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