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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.