The post Coinbase Adds Support for PayPal USD (PYUSD) appeared first on Coinpedia Fintech News
In an interesting development that brings together regular finance and the growing crypto world, Coinbase has announced that it will add PayPal’s stablecoin, PYUSD, to its platform. This comes right after Kraken also started allowing people to trade with PYUSD. This is a big step in making more people use this stablecoin.
However, a warning was also issued. They said, “Note: Transfers and trading are not supported for these or any other assets until a listing is officially announced. Depositing these assets into your Coinbase account before an official announcement may lead to permanent loss of funds.”
Asset added to the roadmap today: PayPal USD (PYUSD) https://t.co/rRB9d3iqgA
— Coinbase Assets (@CoinbaseAssets) August 24, 2023
A few weeks ago, PayPal and Paxos Trust Company teamed up to create the PYUSD stablecoin. This coin is backed by real US dollars and short-term US treasuri
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