Huobi to List PayPal’s Stablecoin PYUSD
Huobi, a crypto exchange, announced that it will soon list PYUSD, a stablecoin launched by PayPal. It will be the first exchange to support the launch of PYUSD and will provide trading pairs with zero trading fees. The exact listing date was not specified and will depend on market conditions. Huobi advisor Justin Sun expressed his hope for PayPal to issue PYUSD on Tron. PayPal recently launched its own U.S. dollar stablecoin, backed by cash equivalents. Huobi made this announcement amidst rumors of executive arrests, but the exchange claims that its operations remain normal.
Key Points:
– Huobi will list PYUSD, PayPal’s stablecoin, and provide zero trading fees.
– The exact listing date is not specified and will depend on market conditions.
– Justin Sun hopes that PayPal will issue PYUSD on Tron.
– PayPal recently launched its own stablecoin backed by cash equivalents.
– Huobi denies rumors of executive arrests and states that its operations remain normal.
Hot Take:
Huobi’s decision to list PayPal’s stablecoin PYUSD demonstrates the growing acceptance and adoption of stablecoins in the crypto market. This move not only provides more options for traders but also strengthens the partnership between Huobi and PayPal. As the demand for stablecoins continues to rise, we can expect more collaborations and listings in the future.
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