Coinbase has announced that it will start trading in PayPal’s newly launched stablecoin, PYUSD, on Aug. 31, provided that liquidity conditions are met.
Trading will begin on or after 9AM PT on 31 August 2023, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our PYUSD-USD trading pairs will launch in phases. Support for PYUSD may be restricted in some supported jurisdictions.
— Coinbase Assets 🛡️ (@CoinbaseAssets) August 30, 2023
- According to the company’s tweet, trading will begin “on or after 9 AM PT” and will be rolled out in phases for the PYUSD-USD pairs. However, restrictions may apply in certain jurisdictions.
- Last week, Coinbase hinted at adding PYUSD to its platform; this recent confirmation means that the exchange will support the PYUSD under an “experimental” label.
- This label is reserved for assets relatively new to the platform or those with lower trading volumes compared to the more established ones in its crypto marketplace.
- This means that the exchange closely monitors these experimental assets and may remove the label when the asset no longer meets the criteria.
- PayPal’s stablecoin, launched earlier this month in partnership with Paxos, has already been listed on several exchanges, including Huobi, Kraken, and Crypto.com.
- However, the adoption of PYUSD has been slower than anticipated, with a total supply of around 43 million tokens.
- A recent report by Nansen highlighted the apparent lack of demand for PYUSD among crypto users, potentially attributed to PayPal targeting a distinct demographic for its stablecoin.
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Automotive / EVs, Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- ChartPrime. Elevate your Trading Game with ChartPrime. Access Here.
- BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
- Source: https://cryptopotato.com/coinbase-joins-crypto-exchanges-in-listing-paypals-stablecoin-pyusd/
- :has
- :is
- $UP
- 000
- 1
- 2023
- 30
- 31
- 9
- a
- adding
- Adoption
- After
- AI
- already
- also
- am
- among
- an
- and
- announced
- Anticipated
- apparent
- Apply
- ARE
- around
- asset
- Assets
- At
- Aug
- AUGUST
- background
- BE
- been
- begin
- binance
- Binance Futures
- border
- by
- certain
- closely
- code
- coinbase
- color
- COM
- Company’s
- compared
- conditions
- confirmation
- content
- criteria
- crypto
- Crypto Exchanges
- crypto users
- Crypto.com
- Demand
- demographic
- deposits
- distinct
- Earlier
- end
- enjoy
- Enter
- established
- Ether (ETH)
- exchange
- Exchanges
- Exclusive
- experimental
- external
- Fees
- First
- For
- Free
- Futures
- Highlighted
- However
- HTTPS
- Huobi
- if
- in
- Including
- internal
- IT
- ITS
- Joins
- jpg
- jurisdictions
- Kraken
- Label
- Lack
- launch
- launched
- like
- Liquidity
- Listed
- listing
- longer
- lower
- Margin
- marketplace
- May..
- means
- Meets
- met
- might
- million
- monitors
- Month
- more
- Nansen
- New
- newly
- no
- None
- of
- off
- offer
- on
- once
- ones
- or
- our
- out
- pairs
- Partnership
- Paxos
- PayPal
- platform
- plato
- Plato Data Intelligence
- PlatoData
- potentially
- provided
- Reading
- receive
- recent
- register
- relatively
- remove
- report
- reserved
- restricted
- restrictions
- Rolled
- s
- several
- Share
- solid
- some
- special
- Sponsored
- stablecoin
- start
- sufficient
- supply
- support
- Supported
- targeting
- than
- that
- The
- These
- this
- those
- to
- Tokens
- Total
- Trading
- trading pairs
- trading volumes
- tweet
- under
- users
- volumes
- week
- when
- will
- with
- Your
- zephyrnet
More from CryptoPotato
Jack Dorsey Sees Bitcoin as a Big Part of Twitter’s Future
Source Node: 987253
Time Stamp: Jul 23, 2021
Russian Crypto Miners Account for Over 2% of the Country’s Total Energy Consumption
Source Node: 1333192
Time Stamp: May 30, 2022
Axie Infinty (AXS) Explodes 20% Weekly, Bitcoin Remains Stable Above $17K: Market Watch
Source Node: 1770066
Time Stamp: Dec 10, 2022
Global Loss of Confidence in Fiat Boosting Bitcoin Adoption: Michael Saylor
Source Node: 2080881
Time Stamp: May 3, 2023
Guardian Link Partners with BeyondLife Club, Launches Amitabh’s NFT Exclusives
Source Node: 1057389
Time Stamp: Sep 3, 2021
Coinbase Was Aware it Violated US Securities Laws, Claims SEC
Source Node: 2164072
Time Stamp: Jul 9, 2023
Brazilian Police Arrested the ‘Bitcoin King’ for a 7,000 BTC Scam
Source Node: 965066
Time Stamp: Jul 6, 2021
Bitcoin Price Analysis: After Spiking to 7-Week High, Can BTC Target $24K Next?
Source Node: 1738287
Time Stamp: Nov 6, 2022
Fintech Giant Broadridge Onboards UBS to Its Blockchain Platform
Source Node: 1021048
Time Stamp: Aug 9, 2021
Justin Sun Wins The Bid For NFT Glee’s Golden Whale Pass : The Highest Priced Bitcoin NFT To Date
Source Node: 904851
Time Stamp: Jun 5, 2021