PayPal's international remittance app Xoom offers free remittance services for PYUSD users

ChainCatcher news, users of PayPal's overseas remittance application Xoom will not have to pay any fees if they use the company's stablecoin PYUSD for transfers. It is reported that PayPal's move is a way to expand its share in the international remittance market (currently lagging behind market leader Wise) and also a way to broaden the use cases of PYUSD, which was launched last year.