The Defiant - DeFi Podcast Inside the PYUSD's takeover of PayPal with May Zabaneh, VP Crypto
Nov 7, 2025
May Zabaneh, VP of Product for Crypto at PayPal, dives into the exciting world of PYUSD, PayPal's new stablecoin. She explains how it aims to lower cross-border payment costs and enhance financial inclusion. Their proprietary stablecoin supports faster transactions within PayPal and Venmo, positioning itself for international expansion. The conversation also touches on merchant adoption, the blend of DeFi with traditional finance, and the vital role of interoperability in digital payments. Zabaneh even hints at how AI can revolutionize commerce with stablecoins!
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Stablecoins Cut Cost And Settlement Time
- PayPal issued PYUSD to enable instant, low-cost cross-border payments and deepen payment use cases.
- May Zabaneh frames stablecoins as a way to return value to users through faster settlement and lower fees.
24/7 Operability Opens New Users
- Stablecoins provide 24/7 operability and widen financial inclusion beyond closed wallets.
- PYUSD lets PayPal connect people outside its network and move commerce beyond boundaries.
Design With Regulatory-First Principles
- Prioritize regulatory and compliance design when issuing money-like products.
- May emphasizes customer protection and ID as core product principles at PayPal.