By the end of 2025, a new payment window is opening. The world's largest video platform has announced the opening of a direct withdrawal channel for US content creators using the stablecoin PYUSD. This is not a small-scale experiment but a formal partnership with a global payment giant.

The underlying logic is quite clear—large platforms pay in USD as usual, third-party payment providers handle the conversion in the background, and finally, the stablecoin is transferred into the creator's crypto wallet. This seemingly simple three-step process effectively avoids the risks and regulatory pressures associated with directly engaging in crypto. Once validated, this model could serve as a blueprint for other tech giants to replicate.

Why are they daring to act now? The shift in the US regulatory environment is key. The passage of the GENIUS Act has fully legitimized stablecoins beyond the gray area. Payment companies like Stripe and PayPal have already built extensive ecosystems around PYUSD. The addition of platform-level applications signifies that stablecoins are transforming from niche tools into mainstream infrastructure.

Of course, opportunities and risks always come hand in hand. The IMF has repeatedly warned that while stablecoins can make cross-border transfers faster and cheaper, and help unbanked populations gain financial access, systemic collapse risks and threats to the monetary sovereignty of small countries are issues regulators must consider in advance.

In simple terms, this is not just an additional withdrawal option for creators, but a sign that the crypto payment track, from initial testing with individual users and small businesses, is officially entering a mass adoption phase led by large enterprises. The future development of the ETH ecosystem and stablecoin markets is worth continuous attention.