{"id":179738,"date":"2023-08-08T11:39:45","date_gmt":"2023-08-08T11:39:45","guid":{"rendered":"https:\/\/precoinnews.com\/?p=179738"},"modified":"2023-08-08T11:39:45","modified_gmt":"2023-08-08T11:39:45","slug":"huobi-wants-to-be-the-first-exchange-to-list-paypals-stablecoin-pyusd-coinpedia-fintech-news","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/huobi-wants-to-be-the-first-exchange-to-list-paypals-stablecoin-pyusd-coinpedia-fintech-news\/","title":{"rendered":"Huobi Wants to Be the First Exchange to List PayPal\u2019s Stablecoin PYUSD\u00a0 &#8211; Coinpedia Fintech News"},"content":{"rendered":"<ul>\n<li>\n<p><span>Huobi aims to be the first to support PayPal&#8217;s PYUSD stablecoin.<\/span><\/p>\n<\/li>\n<li>\n<p><span>PYUSD, PayPal&#8217;s stablecoin, facilitates transfers and payments in U.S. dollars.<\/span><\/p>\n<\/li>\n<li>\n<p><span>Huobi offers zero fees for PYUSD\/USDT trading pairs. Justin Sun, Huobi advisor, suggests PayPal issue PYUSD on the TRON platform.<\/span><\/p>\n<\/li>\n<\/ul>\n<p>Famous cryptocurrency exchange Huobi has signaled its intent to be at the forefront in supporting PayPal&#8217;s foray into the digital currency arena with its stablecoin PYUSD.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%20770%2090'%3E%3C\/svg%3E\" alt=\"first-banner-ad\" width=\"770\" height=\"90\" data-lazy-src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2023\/08\/01161751\/Banner.webp\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2023\/08\/01161751\/Banner.webp\" alt=\"first-banner-ad\" width=\"770\" height=\"90\"><\/p>\n<h2><strong>Huobi\u2019s Commitment to Industry Excellence<\/strong><\/h2>\n<p>According to its press statement, the exchange platform is set to champion the launch of PYUSD, taking the lead in supporting PayPal&#8217;s innovative leap into stablecoin. Furthermore, to sweeten the deal for traders, Huobi pledges to offer PYUSD\/USDT trading pairs with zero fees \u2013 an offer that stands indefinitely.<\/p>\n<p>While the crypto community eagerly anticipates this integration, Huobi has assured traders they\u2019re gearing up to kick off trading as soon as market liquidity and circulation metrics align favorably. Prospective traders should stay tuned for Huobi\u2019s imminent announcement regarding the PYUSD\/USDT trading initiation.<\/p>\n<p>The launch of PYUSD marks PayPal\u2019s strategic venture into stablecoin, targeting transfers and payments pegged to the U.S. dollar. Ensuring utmost credibility, the coin is backed entirely by U.S. dollar deposits, short-term U.S. treasury bonds, and cash equivalents. Presently, there\u2019s a circulating issue of 26.9 million PYUSD.<\/p>\n<h2><strong>Justin Sun\u2019s Clarion Call<\/strong><\/h2>\n<p>In related developments, the illustrious Huobi advisor, Justin Sun, took to Twitter with an enticing proposition for PayPal. He extended an open invitation, advocating for PayPal to mull over launching PYUSD on TRON \u2013 a platform acclaimed for its speed, security, and cost-effectiveness, boasting a whopping 12 billion USD in daily transactions. Sun&#8217;s pitch hints at a symbiotic partnership, promising shared advantages in the evolving digital payment space.<\/p>\n<p>It\u2019s noteworthy that PayPal\u2019s ambitious push into crypto payments hasn&#8217;t been deterred by the increasingly watchful eyes of U.S. regulators. Even as many firms pull back from crypto engagements due to regulatory pressures and growing investor concerns, the financial giant embarks on an expansion spree, fortifying its offerings in the digital currency domain.<\/p>\n<p>Source: <a href=\"https:\/\/coinpedia.org\/news\/https:\/\/coinpedia.org\/news\/huobi-wants-to-be-the-first-exchange-to-list-paypals-stablecoin-pyusd\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Huobi aims to be the first to<\/p>\n","protected":false},"author":3,"featured_media":179737,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Huobi Wants to Be the First Exchange to List PayPal\u2019s Stablecoin PYUSD\u00a0 - Coinpedia Fintech News - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/huobi-wants-to-be-the-first-exchange-to-list-paypals-stablecoin-pyusd-coinpedia-fintech-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Huobi Wants to Be the First Exchange to List PayPal\u2019s Stablecoin PYUSD\u00a0 - Coinpedia Fintech News - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Huobi aims to be the first to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/huobi-wants-to-be-the-first-exchange-to-list-paypals-stablecoin-pyusd-coinpedia-fintech-news\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-08T11:39:45+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2023\/08\/Huobi-Wants-to-Be-the-First-Exchange-to-List-PayPals-Stablecoin-PYUSD-Coinpedia-Fintech-News.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/huobi-wants-to-be-the-first-exchange-to-list-paypals-stablecoin-pyusd-coinpedia-fintech-news\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/huobi-wants-to-be-the-first-exchange-to-list-paypals-stablecoin-pyusd-coinpedia-fintech-news\/\",\"name\":\"Huobi Wants to Be the First Exchange to List PayPal\u2019s Stablecoin PYUSD\u00a0 - Coinpedia Fintech News - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2023-08-08T11:39:45+00:00\",\"dateModified\":\"2023-08-08T11:39:45+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/crypto\/huobi-wants-to-be-the-first-exchange-to-list-paypals-stablecoin-pyusd-coinpedia-fintech-news\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/crypto\/huobi-wants-to-be-the-first-exchange-to-list-paypals-stablecoin-pyusd-coinpedia-fintech-news\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/huobi-wants-to-be-the-first-exchange-to-list-paypals-stablecoin-pyusd-coinpedia-fintech-news\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto\",\"item\":\"https:\/\/precoinnews.com\/category\/crypto\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Huobi Wants to Be the First Exchange to List PayPal\u2019s Stablecoin PYUSD\u00a0 &#8211; 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