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 <p><span style="font-weight: 400;">The entire crypto industry and Governments around the world have had their divided set of opinions on <a rel="noopener noreferrer nofollow" title="PayPal" href="https://thebittimes.com/tag/paypal.html">PayPal</a>’s stablecoin. However, the people’s views did not hinder the pace with which PYUSD has listed across various exchanges and the growing number of trading pairs. </span>Even though PYUSD-USD got successfully listed on the Coinbase exchange, the listing has a catch. Coinbase had been active in guiding its community through the entire listing process.</p>  
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 <p>Also Read:&nbsp;XRP Lawyer Deaton And Top Analyst Predict Binance And Coinbase’s Win Against US SEC</p> 
 <h2 id="span-style-font-weight-400-the-build-up-to-pyusd-lisitng-on-coinbase-span"><span style="font-weight: 400;">The Build Up To PYUSD Lisitng On Coinbase.</span></h2> 
 <p><span data-preserver-spaces="true">Coinbase’s official X (Twitter) accounts have&nbsp;</span><span data-preserver-spaces="true">posted</span><span data-preserver-spaces="true">&nbsp;about listing the PYUSD-USD pair for the last few days. However, today, the exchange posted about the auction mode for PYUSD-USD. The post read, “Customers can post limit orders and view the resulting indicative open price. The books will be in auction mode for a minimum of 10 minutes, during which no matches will occur.”</span></p> 
 <p>In a matter of minutes, Coinbase added another post informing the PYUSD-USD trading pair would enter limit-only mode on the exchange and Advance Trade. Users could place orders that could get matched or cancel the order with no option to place market orders.</p>  
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 <p><span data-preserver-spaces="true">Finally, Coinbase announced through a&nbsp;</span><span data-preserver-spaces="true">post</span><span data-preserver-spaces="true">&nbsp;that the PYUSD-USD trading pair was officially live. After the announcement, users could log in to coinbase.com or the app on iOS and Android stores to buy, sell, convert, send, receive, or store these assets. However, the twist was that the PYUSD-USD trading pairs listing has the Experimental Label.</span></p>  
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 <p>Also Read:&nbsp;Pro-XRP Attorneys, Ripple CLO, Analysts Weigh In On Coinbase Vs SEC Lawsuit Dismissal</p> 
 <h2 id="span-style-font-weight-400-what-does-the-experimental-label-mean-span"><span style="font-weight: 400;">What Does The Experimental Label Mean?</span></h2> 
 <p>Coinbase introduced the “Experimental” asset label to enhance transparency and user decision-making. The label is given to newly listed tradable assets or those with low trading volume compared to other assets on Coinbase’s broader <a rel="noopener noreferrer nofollow" title="Crypto Market" href="https://thebittimes.com/tag/crypto-market.html">Crypto Market</a>place. The experimental title reminds users of the potential risks associated with such assets, including price volatility and the possibility of canceled orders due to lower trading volume and availability.</p> 
 <p><span data-preserver-spaces="true">Does <a rel="noopener noreferrer nofollow" title="PayPal" href="https://thebittimes.com/tag/paypal.html">PayPal</a>’s PYUSD have the potential to overthrow the reigning stablecoin leaders like&nbsp;</span><span data-preserver-spaces="true">USDC</span><span data-preserver-spaces="true">&nbsp;and USDT? The possibility seems high due to the massive number of <a rel="noopener noreferrer nofollow" title="PayPal" href="https://thebittimes.com/tag/paypal.html">PayPal</a> users. One thing is certain: <a rel="noopener noreferrer nofollow" title="PayPal" href="https://thebittimes.com/tag/paypal.html">PayPal</a>’s stablecoin will undoubtedly shake the <a rel="noopener noreferrer nofollow" title="Crypto Market" href="https://thebittimes.com/tag/crypto-market.html">Crypto Market</a>s to its core and bring about a new dawn.</span></p> 
 <p>Also Read:&nbsp;Coinbase CEO Brain Armstrong Shares 10 Crypto Start Up Ideas</p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/paypal-s-pyusd-live-on-coinbase-but-there-s-a-catch-tbt61139.html">https://thebittimes.com/paypal-s-pyusd-live-on-coinbase-but-there-s-a-catch-tbt61139.html</a></p>

PayPal's PYUSD Live On Coinbase; But There’s A Catch

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