Stablecoin

Ethereum

<a href="https://tokeninsight.com/en/exchanges/coinbase" rel="noopener noreferrer nofollow">Coinbase</a> announced it will add support for PayPal's stablecoin<a href="https://tokeninsight.com/en/coins/paypal-usd/overview" rel="noopener noreferrer nofollow"> $PYUSD</a> on the Ethereum network. Trading will begin on or after 9 am PT on 31 August 2023, if liquidity conditions are met.PayPal announced the launch of $PYUSD earlier this month. Issued by Paxos, $PYUSD is fully backed by U.S. dollar deposits, short-term Treasurys, and similar cash equivalents. It's built on Ethereum and designed for digital payments and Web3.Related: <a href="https://tokeninsight.com/en/news/paypal-launched-new-stablecoin-paypal-usd-issued-by-paxos" rel="noopener noreferrer nofollow">PayPal Launched New Stablecoin PayPal USD, Issued by Paxos</a><img src="https://s2.tokeninsight.com/static/calendar/img20230831084251a00bff9e-5891-4cda-a43b-25a5d6e90c8c.jpg"><ul><li>Stay updated with the most important <a href="https://tokeninsight.com/en/news" rel="noopener noreferrer nofollow">cryptocurrency news</a> and valuable insights, conveniently delivered to your email every day. <a rel="noopener noreferrer nofollow" href="https://mailchi.mp/tokeninsight/newsletter">Subscribe to the TokenInsight mailing list now!</a></li><li>Prefer social media? Follow us on <a rel="noopener noreferrer nofollow" href="https://twitter.com/tokeninsight">Twitter</a>, or subscribe to our <a rel="noopener noreferrer nofollow" href="https://t.me/TokenInsightchannel">Telegram channel!</a></li><li>If you have news reports or announcements that you want to reach a wider audience, feel free to email us at <a rel="noopener noreferrer nofollow">news@tokeninsight.com</a></li></ul>

Coinbase to List PayPal's Stablecoin $PYUSD

TokenInsight

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