Kraken introduces support for PayPal’s stablecoin, PYUSD

2023-8-19 23:40

Kraken announced on Aug. 18 that it had added support for PayPal’s stablecoin, also known as PayPal USD or PYUSD.

The cryptocurrency exchange said that deposits and withdrawals of PYUSD are currently open and added that it will open trading on Aug. 21.

Kraken said that PayPal’s stablecoin will initially be available on Kraken and Kraken Pro. It noted that it will add support for PYUSD on its Kraken App and Instant Buy features after user trading produces sufficient liquidity for the asset.

Kraken’s announcement also indicates that PYUSD deposit and order sizes must be worth at least $5.00 and that orders may have up to 4 decimal points of precision. The exchange will offer U.S. dollar (USD) and euro (EUR) trading pairs. Kraken additionally instructed users to deposit PayPal’s stablecoin only on the Ethereum blockchain.

Broader adoption is on the way

PayPal unveiled its stablecoin on Aug. 7, at which time it said that PYUSD would serve as a fully-backed, dollar-pegged asset. However, apart from its own app, PayPal offered few details about the platforms on which PYUSD could be purchased.

While Kraken was one of the first crypto exchanges to incorporate PYUSD, several others have followed suit, demonstrating a wider market acceptance of the stablecoin. ByBit also announced plans to support PYUSD on Aug. 17, while Changelly announced support for PYUSD on Aug. 11. Huobi announced support for the asset on Aug. 8. The two largest crypto exchanges in operation — Binance and Coinbase — have not announced any such plans.

Hardware manufacturer Ledger also announced integration with PayPal on Aug. 16, shortly after PYUSD’s reveal. Though Ledger said this would provide access to PayPal’s four supported cryptocurrencies, it did not state that it would provide access to PYUSD.

According to on-chain data, $26.9 million worth of PYUSD has already been issued, indicating robust market activity around the new stablecoin. However, this is not reflected on major market aggregators, such as CoinMarketCap and Coingecko, which instead list PYUSD as untracked and previewed assets, respectively.

The post Kraken introduces support for PayPal’s stablecoin, PYUSD appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Lendroid Support Token (LST) на Currencies.ru

$ 0.00049 (+0.76%)
Объем 24H $0
Изменеия 24h: 5.17 %, 7d: -58.34 %
Cегодня L: $0.00049 - H: $0.00049
Капитализация $0 Rank 3554
Доступно / Всего 0 LST

pyusd paypal added kraken aug open support

Источник: cryptoslate.com

pyusd paypal → Результатов: 68


Paypal’s Xoom adds PYUSD as funding for cross-border money transfers

PayPal enables use of PYUSD in cross-border transfers for Xoom users Xoom users in the US can convert PYUSD into USD and send money to 160 countries. Xoom, the international money transfer platform of payments processing giant PayPal, has announced that it now supports the use of PayPal USD (PYUSD) as a funding option for […] The post Paypal’s Xoom adds PYUSD as funding for cross-border money transfers appeared first on CoinJournal.

2024-4-4 18:12


Paxos подтвердили полное обеспечение стейблкоина PYUSD от PayPal

По состоянию на 31 августа общая сумма активов на счете PayPal «соответствует или превышает баланс токенов PYUSD». Об этом говорится в отчете партнера эмитента — фирмы Paxos. На указанную дату в обращении было PYUSD на сумму в $44,4 млн.

2023-9-14 20:45


Ripple’s CTO Weighs In: Is PayPal’s New Stablecoin Safe Or A Centralization Nightmare?

In the fast-paced domain of cryptocurrencies, industry giants are constantly seeking ways to advance and adapt. San Jose-based payment platform, PayPal, has been no exception to this trend. The company’s recent introduction of its own stablecoin, PayPal USD (PYUSD), signals a landmark move in its journey within the cryptocurrency sector. The launch, however, was quickly […]

2023-8-8 21:00


Huobi будет поддерживать стейблкоин PayPal

Криптовалютная биржа Huobi «в скором времени» интегрирует недавно запущенный стейблкоин от платежного гиганта PayPal (PYUSD). Согласно пресс-релизу, листинг актива произойдет, когда «наладится рыночное обращение и созреют условия ликвидности».

2023-8-8 17:46


DEXTools: Десятки фейковых PayPal USD плодятся сразу на нескольких блокчейнах

Мошенники пытаются обмануть ничего не подозревающих пользователей, извлекая выгоду из недавно запущенного стейблкоина PayPal USD. В сети уже появилось минимум 66 фейковых PYUSD.

2023-8-8 15:50


PayPal USD Debut: Why Its New Stablecoin Is Triggering Apprehension

PayPal has concluded an extended period of careful consideration, advancement, and setbacks to unveil its newly established stablecoin tied to the US dollar. The stablecoin, called PayPal USD (PYUSD), facilitates users in engaging in activities such as “purchasing, vending, retaining, and transferring” the token using the payment processor’s interface.

2023-8-8 12:17


Мошенники уже зарабатывают на стейблкоине PayPal

Рынок наводнили фейковые монеты, которые мошенники выдают за стейблкоин популярной платежной системы PayPal. Рассказываем, как отличить настоящий токен от мошеннического. 7 августа одна из крупнейших платежных систем PayPal объявила о запуске собственного стейблкоина на базе Ethereum — PayPal USD (PYUSD).

2023-8-8 11:58


US Congressman McHenry Praises Stablecoins, Calls Them Vital To 21st-Century Payments

In a notable move that highlights the growing acceptance and potential of stablecoins in modern payment systems, PayPal has announced the launch of its payment stablecoin PYUSD.  This development comes shortly after the House Financial Services Committee passed the Clarity for Payment Stablecoins Act, a bipartisan legislation that paves the way for regulated stablecoin issuers, […]

2023-8-8 06:00


House Financial Services Committee chair renews call for stablecoin legislation after PayPal’s PYUSD announcement

Representative Patrick McHenry, (R-NC), chair of the  U. S. House Financial Services Committee Chairman, endorsed PayPal’s recently-announced stablecoin on Aug. 7. McHenry said in a statement: “[PayPal’s] announcement is a clear signal that stablecoins—if issued under a clear regulatory framework—hold promise as a pillar of our 21st century payments system.

2023-8-8 04:00


PayPal запустил собственный стейблкоин PYUSD

Платежный гигант PayPal объявил о запуске «стабильной монеты» PayPal USD (PYUSD). Эмитентом выступает инфраструктурная компания Paxos. Согласно сообщению, актив полностью обеспечен «депозитами в долларах США, краткосрочными казначейскими векселями и аналогичными денежными эквивалентами».

2023-8-8 19:52


дальше еще 19 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

USDC surpasses Tether USDT - A sign of stablecoins' future?

USDC surpasses USDT, indicating a shift in stablecoin market dynamics. Leaders stress aligning stablecoins with democratic values and transparent regulations. In a surprising development, CiThe post USDC surpasses Tether USDT - A sign of stablecoins' future? appeared first on AMBCrypto.

Why USDT dominates 70% of the stablecoin market

The stablecoin market capitalization was trending upward once again One metric hinted at negative sentiment and selling pressure in the market Stablecoins are integral to the crypto ecosysteThe post Why USDT dominates 70% of the stablecoin market appeared first on AMBCrypto.

Stablecoins' $158B high in April: Here's how USDT, USDC played a part

Stablecoins outperformed the overall market in April and posted a 4.7% growth. USDT, FDUSD, and Ethena’s USDe shined, but USDC stalled.   Stablecoins defied the broader market retracemenThe post Stablecoins' $158B high in April: Here's how USDT, USDC played a part appeared first on AMBCrypto.

How stablecoins helped Base’s TVL surge to $5.8 billion

Base's stablecoin supply crosses $2.3 billion. The platform maintains the third-largest TVL market share. Since incorporating native minting of the stablecoin USDC, Base has witnessed a notaThe post How stablecoins helped Base’s TVL surge to $5.8 billion appeared first on AMBCrypto.