Aug 31, 8:35 am
The Block
Coinbase Will Support Newly Launched PayPal Stablecoin PYUSD
Coinbase has announced that it will add support for the newly launched PayPal stablecoin PYUSD. Trading will begin on August 31, 2023, if liquidity conditions are met. However, support for PYUSD may be restricted in certain jurisdictions. The stablecoin, launched in partnership with Paxos, has seen slow adoption compared to other alternatives.