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OKX Lists PayPal USD (PYUSD) For Spot Trading Starting Oct 2024

Key Points:

OKX lists PayPal USD (PYUSD) for spot trading, starting with deposits on Oct 3, 2024
PYUSD is a stablecoin backed 1:1 by U.S. dollars, compatible with Ethereum and Solana.

OKX lists PayPal USD (PYUSD) for spot trading, with deposits starting on Oct 3, 2024. PYUSD is a stablecoin backed 1:1 by the U.S. dollar, compatible with Ethereum and Solana.

OKX Lists PayPal USD (PYUSD) for Spot Trading

OKX has formally announced the listing of a U.S. dollar-backed stablecoin called PayPal USD. The PYUSD token will be tradable against USDT starting Oct 3, 2024. This new stablecoin can be utilized on both Ethereum and Solana to provide crypto users with flexibility.

Aside from Spot Trading, the deposit and withdrawal of PYUSD will be implemented in due course to ensure seamless participation in the market. In this way, the stablecoin will be stable-it shall maintain a value of 1:1 with the U.S. dollar.

Trade PayPal USD (PYUSD) on OKX Starting October 2024

With this listing, the platform will further provide flexibility for users to diversify their assets using a U.S. dollar-backed stablecoin. PYUSD adopts the price stability mechanism and is designed to be able to move fluidly.

Deposits and withdrawals of the PYUSD will be opened on OKX on dates to be specified. The stablecoin supports major leading blockchain networks such as Ethereum and Solana.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.