PayPal Holdings Inc (NASDAQ:PYPL) has announced that its stablecoin PYUSD, launched six weeks ago, is now compatible with numerous blockchain platforms and has secured a spot in the New York Department of Financial Services (NYDFS) greenlist. The company also revealed that Venmo users will be able to receive transfers from individuals using compatible external wallets and merchants accepting payments in PYUSD. The rollout is currently only for select users, with a complete rollout expected in the coming weeks. PYUSD is backed by cash reserves and U.S. Treasury reverse repurchase agreements.