Wu said that according to Artemis data, the peer-to-peer transaction volume of PYUSD, a stablecoin supported by PayPal, increased by 183% year-on-year in July to over 300 million US dollars, which may benefit from PayPal's cooperation and promotion with Venmo. Earlier, PayPal launched the global payment platform PayPal World to achieve interoperability between PayPal and Venmo.