PayPal CEO: Cross-border payments can break the deadlock in the challenge of US stablecoin adoption, the GENIUS bill may become a key driver.

According to Gate News, Bloomberg reported that PayPal CEO Alex Christ stated that the widespread adoption of stablecoins in the United States still faces significant obstacles, and it will take time for it to become mainstream. In an interview with Bloomberg Television, he pointed out the core issue: "There is a lack of sufficient motivation for consumer adoption", and revealed that PayPal is trying to solve this dilemma through a rewards mechanism.

Core Strategy: Cross-border Payment + Policy Promotion

1. Preferred application scenarios are clear Kristian stated that the initial use case of stablecoin for PayPal users is highly concentrated on cross-border payments: "When users bear high international remittance fees, stablecoins can provide a fast, secure, and low-cost alternative - this is the breakthrough we are most optimistic about."
2. The GENIUS Act Brings Policy Tailwind Kristet particularly emphasized the GENIUS Act (full name: Global Enterprise and National Infrastructure Updates for Securities Act) passed by the U.S. Senate earlier this month:

"If the bill is ultimately enacted, it will significantly promote the consumption of cryptocurrency applications. PayPal has been deeply involved in the drafting of the bill and has helped shape the regulatory framework." This move highlights PayPal's proactive influence on policy-making, clearing regulatory obstacles for the stablecoin business.

The Breakthrough Path of PayPal

| Challenge Dimension | Response Strategy | Specific Measures | | ---------------------- | ------------ | --------------------------------- | | Insufficient user incentives | Build rewards ecosystem | Launch PYUSD payment cashback, points exchange and other plans | | Limitations of Application Scenarios | Focus on Cross-Border Pain Points | Optimize International Transfer Fees and Settlement Speed | | Regulatory Uncertainty | Participate in the Legislative Process | Lead the Promotion of the GENIUS Act Compliance Framework | | Single Functionality | Expand Financial Scenarios | Explore New Scenarios such as E-commerce Payments, DeFi Applications |

Strategic Significance: The Crypto Layout of Traditional Giants

As the first traditional financial giant to issue the stablecoin (PYUSD), PayPal's layout has benchmark value:

• Regulatory Compliance First-Mover Advantage: Participate in establishing a "compliance moat" through the GENIUS Act.
• Cross-border payment rearchitect: Utilizing blockchain technology to challenge traditional remittance systems like SWIFT.
• Ecological Expansion Ambition: Evolving from a payment tool to a crypto financial infrastructure

Key Insight: If the GENIUS Act is implemented, it will address the biggest pain point of stablecoins — the ambiguity of legal status. PayPal's legislative lobbying capabilities place it in a strong position in the upcoming wave of regulatory compliance.

The Policy Game Value of PayPal Christian's declaration of "deep involvement in legislation" reveals the core path through which traditional financial giants influence cryptocurrency regulation:

Incorporate the payment system stability requirements into the legislation (such as requiring stablecoin issuers to hold cash equivalents)

Promote the establishment of interoperability standards to consolidate the bridging advantages of existing payment giants.

Avoid the risk of being classified as "securitization" and ensure the legal status of PYUSD as a payment tool.

Conclusion

PayPal is breaking through with a "three-track parallel" strategy: proving the practical value of stablecoin through cross-border payments, overcoming adoption barriers with user rewards, and locking in regulatory dividends with the GENIUS Act. Its deep involvement in legislation signifies a trend of a new era: the power to set the rules for cryptocurrency is shifting from Silicon Valley geeks to Wall Street compliance departments. As financial giants become the main drivers of crypto legislation, the collision between the vision of decentralization and the reality of regulation will become increasingly intriguing.