New data suggests Xoom PYUSD-based transfers could cut transfer costs by 25%
· Paypal has announced that it will be pairing its stablecoin PYUSD with its remittance arm, Xoom, to offer customers a fee-free remittance service. · FXC Intelligence analysis using its in-house pricing data suggests that this could reduce the cost of sending remittances via Xoom by 25% when compared to its traditional remittance transfers, based on Paypal’s current pricing strategy. · This move has the potential to grow the adoption of PYUSD and, if handled correctly, relaunch Xoom, which until