Huobi is about to launch PayPal stablecoin PYUSD
ChainCatcher news, according to the official announcement, Huobi will become the first exchange in the industry to support the launch of the PYUSD stablecoin and will offer a permanent zero-fee trading pair for PYUSD/USDT. Once it enters market circulation and liquidity conditions mature, Huobi will open trading at the earliest opportunity. Please pay attention to Huobi's subsequent announcements regarding the launch of PYUSD trading.
It is reported that PayPal USD (PYUSD) is a dollar stablecoin launched by PayPal for transfers and payments. PYUSD is issued by Paxos Trust Company and is 100% backed by U.S. dollar deposits, short-term U.S. Treasury bills, and similar cash equivalents, with a total issuance of 26.9 million coins.
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