WalletConnect Pay integrates PYUSD to support direct merchant payments

Techub News, WalletConnect announces that its payment infrastructure WalletConnect Pay has integrated PayPal USD (PYUSD), allowing users to pay directly with PYUSD in their wallets at merchants that support the network, without the need for additional conversion or bridging steps. PYUSD is issued by Paxos Trust Company and is 1:1 backed by U.S. dollar deposits and short-term U.S. Treasury bonds. It has been deployed on mainstream networks such as Arbitrum and Ethereum. Users can now spend stablecoins directly at merchants connected to the network via self-custodial wallets like MetaMask, and merchants can receive funds without modifying their existing workflows.