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OKX has announced the imminent launch of PayPal USD (PYUSD), a new stablecoin backed by the US dollar. The exchange has provided the following timeline for the launch.
OKX Announces Launch of PayPal USD (PYUSD) Spot Trading
- PYUSD deposit opening October 3, 20:00
- PYUSD purchase auction October 3, 22:00 – 23:00
- PYUSD/USDT spot trading October 3, 23:00
- PYUSD withdrawal availability October 4, 21:00
Project Overview
PayPal USD (PYUSD) is a stablecoin that maintains a 1:1 value with the US dollar and allows users to buy, sell, hold, and transfer tokens via the PayPal platform. PYUSD is compatible with both the Ethereum and Solana blockchains, providing users with a secure and versatile digital asset option.
- Full name: PayPal USA
- Symbol PYUS
- Contract address 2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GX
OKX reminds users that digital assets, including PYUSD, are subject to significant price fluctuations and involve high investment risks. Investors are advised to carefully evaluate their investment capabilities and make informed decisions.
*This is not investment advice.