Odaily Planet Daily News According to the official announcement, Huobi will become the first exchange in the industry to support the listing of PYUSD stablecoins, and will give PYUSD/USDT trading pairs permanent zero handling fees. After it enters the market and the liquidity conditions are mature, Huobi will start trading as soon as possible. Please pay attention to the announcement of Huobi's subsequent opening of PYUSD trading.
PayPal USD (PYUSD) is a US dollar stablecoin launched by PayPal for transfer and payment. PYUSD is issued by Paxos Trust Company and is 100% backed by US dollar deposits, short-term U.S. Treasury bonds and similar cash equivalents. There are currently a total of 26.9 million issued.