PANews
PANews|Mar 04, 2026 01:13
[PYUSD Used to Expand TCS Blockchain's On-Chain Trade Financing Services in the Freight Industry] According to The Block, transportation trade finance provider TCS Blockchain has announced the integration of PayPal USD (PYUSD) to offer same-day financing and on-chain settlement for freight invoices. Truck drivers can convert invoices into TCS tokens, which can then be exchanged for the PYUSD stablecoin, thereby avoiding the 30-180 day payment terms and over 30% income loss typically associated with traditional factoring companies. The company claims this solution can reduce costs by 90%, with an expected annual processing volume exceeding $1 billion by 2026.
+3
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads