In a groundbreaking move that signals a convergence of traditional finance and the burgeoning crypto economy, Coinbase announced its intention to list PayPal’s stablecoin, PYUSD. This comes on the heels of Kraken’s recent addition of PYUSD trading options, marking a significant stride in the stablecoin’s mainstream adoption.
“Coinbase Assets” took to Twitter to confirm the news, stating, “Asset added to the roadmap today: PayPal USD (PYUSD). The Ethereum network (ERC-20 token) contract address for PayPal USD (PYUSD) is 0x6c3ea9036406852006290770bedfcaba0e23a0e8.”
The Ethereum network (ERC-20 token) contract address for PayPal USD (PYUSD) is 0x6c3ea9036406852006290770bedfcaba0e23a0e8
— Coinbase Assets (@CoinbaseAssets) August 24, 2023
However, a cautionary note was sounded in an official blog post by Coinbase: “Note: Transfers and trading are not supported for these or any other assets until a listing is officially announced. Depositing these assets into your Coinbas
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