Huobi Embraces PayPal's Stablecoin PYUSD

Huobi Embraces PayPal's Stablecoin PYUSD



Huobi is set to introduce a trading combination involving PayPal's stablecoin PYUSD, which is pegged to the US dollar, and there won't be any ongoing trading fees. This new trading pair, PYUSD/USDT, will be available for Huobi users. The specific launch date for this pair is contingent upon factors like market circulation and liquidity.



A day prior, Justin Sun extended an invitation to PayPal, suggesting TRON as a suitable blockchain for their stablecoin. He highlighted TRON's speed, security, and cost-effectiveness, citing its impressive daily transaction volume of $12 billion. Sun emphasized the potential mutual benefits in the digital payment sector and proposed a collaborative effort.



Subsequently, BNN Bloomberg reported that Huobi, under Justin Sun's leadership, received a financial boost of $209 million to strengthen its


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#Adoption, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Huobi, #PayPal, #PYUSD, #Regulations, #Tron

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