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 <p><span style="font-weight: 400;">Kraken’s decision follows several other exchanges that have added <a rel="noopener noreferrer nofollow" title="PYUSD" href="https://thebittimes.com/tag/pyusd.html">PYUSD</a> to their platforms since PayPal introduced the stablecoin on August 7. The digital asset is fully-backed and pegged to the U.S. dollar, contributing to its rapid adoption in the market. ByBit, Changelly, and Huobi have all included <a rel="noopener noreferrer nofollow" title="PYUSD" href="https://thebittimes.com/tag/pyusd.html">PYUSD</a> in their offerings, and on-chain data shows a robust market activity, with $26.9 million worth of <a rel="noopener noreferrer nofollow" title="PYUSD" href="https://thebittimes.com/tag/pyusd.html">PYUSD</a> already issued.</span></p>  
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 <h2 id="b-hardware-wallet-ledger-integrates-with-paypal-b"><b>Hardware Wallet Ledger Integrates with PayPal&nbsp;</b></h2> 
 <p><span style="font-weight: 400;">Additionally, hardware manufacturer Ledger has partnered with PayPal to provide a secure platform for users to access cryptocurrencies. The integration allows U.S. users to purchase digital currencies like Bitcoin, </span><span style="font-weight: 400;">Ethereum</span><span style="font-weight: 400;">, Bitcoin Cash, and Litecoin using their linked PayPal accounts through the Ledger Live companion app.&nbsp;</span></p>  
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 <p><span style="font-weight: 400;">The acquired assets are automatically transferred to the user’s Ledger hardware wallet, streamlining the buying process. However, this partnership does not include access to <a rel="noopener noreferrer nofollow" title="PYUSD" href="https://thebittimes.com/tag/pyusd.html">PYUSD</a> through Ledger, which leaves the stablecoin’s reach limited to exchanges for the time being.</span></p> 
 <h2 id="b-regulation-for-stablecoins-b"><b>Regulation for Stablecoins</b></h2> 
 <p><span style="font-weight: 400;">Despite the growing acceptance of <a rel="noopener noreferrer nofollow" title="PYUSD" href="https://thebittimes.com/tag/pyusd.html">PYUSD</a>, regulatory concerns around stablecoins persist. U.S. Congresswoman </span><span style="font-weight: 400;">Maxine Waters </span><span style="font-weight: 400;">has voiced the need for comprehensive oversight of stablecoins, like PayPal’s <a rel="noopener noreferrer nofollow" title="PYUSD" href="https://thebittimes.com/tag/pyusd.html">PYUSD</a>, to safeguard users and ensure financial stability. Waters’ concerns are not unfounded, considering that PayPal’s enormous global customer base surpasses many central banks.</span></p>  
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 </div> 
 <p><span style="font-weight: 400;">The introduction of PayPal’s stablecoin <a rel="noopener noreferrer nofollow" title="PYUSD" href="https://thebittimes.com/tag/pyusd.html">PYUSD</a> has significantly impacted the digital asset market, marked by its inclusion on major exchanges like Kraken and growing user adoption. However, the broader implications of this trend are yet to be seen as the regulatory environment adapts to these new financial technologies.</span></p> 
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Just-In: Kraken Allows PayPal Stablecoin (PYUSD) Trading

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