[1]https://fortune-com.cdn.ampproject.org/c/s/fortune.com/crypto/2024/0
   3/08/paypals-xoom-offers-free-remittances-for-stablecoin-users/amp/
   Users of PayPal’s overseas money transfer app Xoom will pay no fees if
   they use the company’s stablecoin, PYUSD, to fund their transfers. The
   move is a way for PayPal to build out its share of the international
   remittance market, where it trails market leader Wise, and to expand
   the use case for PYUSD, which it launched last year.
   In an interview with Fortune, PayPal SVP Jose Fernandez da Ponte said
   Xoom senders will pay none of the customary fees—which average 2%
   across the industry—while the recipients will receive the funds in
   their local currency as usual. He added that Xoom provides services in
   160 countries and has a network of more than 350,000 cash pickup
   locations. While Xoom will eliminate transaction fees for PYUSD
   transfers, users will still pay in the form of the customary foreign
   exchange spread.

References

   1. https://fortune-com.cdn.ampproject.org/c/s/fortune.com/crypto/2024/03/08/paypals-xoom-offers-free-remittances-for-stablecoin-users/amp/