{"id":37028,"date":"2023-08-08T11:53:58","date_gmt":"2023-08-08T11:53:58","guid":{"rendered":"https:\/\/jalancoin.com\/index.php\/2023\/08\/08\/huobi-announces-plans-to-list-paypals-pyusd-stablecoin\/"},"modified":"2023-08-08T11:53:58","modified_gmt":"2023-08-08T11:53:58","slug":"huobi-announces-plans-to-list-paypals-pyusd-stablecoin","status":"publish","type":"post","link":"https:\/\/jalancoin.com\/index.php\/2023\/08\/08\/huobi-announces-plans-to-list-paypals-pyusd-stablecoin\/","title":{"rendered":"Huobi announces plans to list PayPal\u2019s PYUSD stablecoin"},"content":{"rendered":"<p> [ad_1]\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1632736825939-2b09121e-63a1-4826-93d3-203ff89ac336-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1632736825939-2b09121e-63a1-4826-93d3-203ff89ac336-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1632736825939-2b09121e-63a1-4826-93d3-203ff89ac336-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1632736825939-2b09121e-63a1-4826-93d3-203ff89ac336-smartcrop-363x181.png\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/08\/1632736825939-2b09121e-63a1-4826-93d3-203ff89ac336.png\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Huobi plans to list PayPal USD (PYUSD), the stablecoin launched by PayPal.\u00a0<\/li>\n<li>Trading for PYUSD\/USDT will open when liquidity conditions are met.<\/li>\n<\/ul>\n<p dir=\"ltr\">Crypto exchange <a href=\"https:\/\/coinjournal.net\/news\/tag\/huobi\/\">Huobi<\/a> has <a href=\"https:\/\/www.huobi.com\/support\/en-us\/detail\/44945804382445\" rel=\"noopener noreferrer\" target=\"_blank\">announced<\/a> it will list PayPal USD (PYUSD), a newly launched stablecoin from PayPal. Accordingly, Huobi will open trading for the PYUSD\/USDT pair, offering permanent zero fees.<\/p>\n<h2 id=\"huobi-to-open-trading-for-pyusd-usdt\" dir=\"ltr\">Huobi to open trading for PYUSD\/USDT<\/h2>\n<p dir=\"ltr\">PayPal\u2019s stablecoin is pegged on the US dollar and is targeted for transfers and payments. Paxos Trust Company will issue the token, which is 100% backed by USD deposits, short-term US Treasury bonds, and cash equivalents. \u00a0<\/p>\n<p dir=\"ltr\">\u201c<em>When the market circulation and liquidity conditions are ripe, Huobi will open trading at the first time<\/em>,\u201d the exchange said in a notice to customers.<\/p>\n<p dir=\"ltr\">The announcement comes just a day after PayPal <a href=\"https:\/\/coinjournal.net\/news\/paypal-launches-a-us-dollar-stablecoin-on-the-ethereum-blockchain\/\">unveiled<\/a> its stablecoin on Ethereum. Tron founder Justin Sun posted on X (formerly Twitter) that PayPal would be welcome to issue PYUSD on the TRON network.<\/p>\n<p dir=\"ltr\">\u201c<em>I cordially invite PayPal to consider issuing PYUSD on #TRON, which is Fast, secure, and cost-effective with 12 billion USD daily transactions. Mutual benefits await in the digital payment landscape. Let\u2019s collaborate for a thriving ecosystem<\/em>,\u201d Sun wrote.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I cordially invite PayPal to consider issuing PYUSD on <a href=\"https:\/\/twitter.com\/hashtag\/TRON?src=hash&amp;ref_src=twsrc%5Etfw\">#TRON<\/a>, which is Fast, secure, and cost-effective with 12 billion USD daily transactions. Mutual benefits await in the digital payment landscape. Let&#8217;s collaborate for a thriving ecosystem! \ud83d\ude4f<\/p>\n<p>\u2014 H.E. Justin Sun \u5b59\u5b87\u6668 (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1688573051179552768?ref_src=twsrc%5Etfw\">August 7, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">On Monday, both Sun and Huobi <a href=\"https:\/\/coinjournal.net\/news\/justin-sun-addresses-huobis-insolvency-concerns-calls-it-a-fud\/\">downplayed<\/a> the latest rumours about potential insolvency for the exchange, terming claims that Chinese authorities were investigating the company as false and mere FUD.<\/p>\n<p>CoinMarketCap ranks Huobi 13th among largest cryptocurrency exchanges by 24-hour spot trading volume.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 id=\"share-this-article\" class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 id=\"categories\" class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 id=\"tags\" class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/huobi-to-list-paypals-pyusd-stablecoin\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"[ad_1] Huobi plans to list PayPal USD (PYUSD), the stablecoin launched by PayPal.\u00a0 Trading for PYUSD\/USDT will open&hellip;\n","protected":false},"author":1,"featured_media":37029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-37028","post","type-post","status-publish","format-standard","has-post-thumbnail","category-defi","cs-entry","cs-video-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.11 - 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