PayPal (PYUSD) stablecoin to go live on Huobi exchange with three new pairs
According to the update provided by the trading platform, it promptly opened up for PYUSD deposits, while it confirmed the actual listing is slated for Thursday, Sept. 7. As Huobi unveiled, the trading will be opened for three unique pairs, including PYUSD/USDT, BTC/PYUSD and ETH/PYUSD. The trading is slated to commence just when the deposit volume has met the needed market demand, which will be announced in advance.
PYUSD is considered a game-changing stablecoin in the broader digital currency ecosystem as it is a testament to the fact that traditional mainstream financial services firms can also embrace stablecoin innovation despite crypto complexities. PayPal's embrace of stablecoin settlement further underscores the revolutionary role that the asset class is poised to play in the evolution of the financial and payment services sector., Huobi confirmed withdrawals will be enabled from Sept.
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