Bitget Introduces PayPal USD (PYUSD) Stablecoin Listing
Bitget, a leading exchange specializing in crypto derivatives and copy trading, has announced the inclusion of PayPal USD (PYUSD) on its trading platform. PYUSD is a stablecoin backed by Paxos Trust Company and designed to meet strict compliance standards. It is built on the Ethereum blockchain and supported by reserves consisting of U.S. dollar bank deposits and U.S. Treasury bonds. With a market capitalization of $44,836,368 and a daily trading volume of $1.76 million, PYUSD has gained traction in major exchanges worldwide.
The Compliance Benefits of PYUSD on Bitget
The addition of PYUSD to Bitget’s platform offers traders several compliance benefits. Due to its stablecoin nature and regulatory framework, users can make compliant withdrawals using PayPal. Bitget also supports bank card payments in over 20 currencies worldwide, allowing easy access to purchasing PYUSD. Additionally, users can benefit from zero-rate transactions by using Visa/Mastercard credit and debit cards to buy PYUSD, improving cost efficiency.
Bitget Wallet Expands Fiat Support with Quick Buy Service
Bitget Wallet has expanded its support for fiat currencies, including EUR, RUB, and JPY, through its Quick Buy service. The wallet aims to break down barriers to entry into the Web3 ecosystem by involving these new fiat currencies. Quick Buy collaborates with various OTC service providers and integrates multiple payment systems such as MoonPay, Alchemy Pay, Simplex, FaTPay, Banxa, and Transak. Users can purchase and sell cryptocurrencies across more than 10 blockchain networks and access over 50 different tokens.
Hot Take: PYUSD Listing Enhances Crypto Trading Experience
The listing of PYUSD on Bitget represents a pivotal moment in the evolution of cryptocurrency trading. By combining cutting-edge technology with strict compliance regulations, traders can experience the benefits of a stablecoin that prioritizes both innovation and regulatory compliance. With Bitget’s commitment to offering innovative, regulatory-compliant options, users can enhance their trading experience while ensuring seamless compliance and cost efficiency.
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