PYUSD will start trading on Kraken on August 21st.
2023-08-18 13:10
Odaily News: According to the official announcement, the PayPal stablecoin PYUSD is now available on the Kraken platform. Users can start depositing and trading with PYUSD will begin on August 21st on Kraken.
Users can deposit PYUSD through the funds page, but it must be done using the Ethereum network. Deposits made on other networks might be lost. PYUSD is backed by assets such as US dollars and US government bonds, aiming to maintain a 1:1 peg with the US dollar.
Kraken stated that users can transfer PYUSD between PayPal and external wallets, make peer-to-peer payments, and exchange it with other cryptocurrencies supported by PayPal.
Note: Once liquidity conditions are met (when a sufficient number of buyers and sellers enter the market to allow for effective order matching), trading can be done through the Kraken App and Instant Buy.
Users can deposit PYUSD through the funds page, but it must be done using the Ethereum network. Deposits made on other networks might be lost. PYUSD is backed by assets such as US dollars and US government bonds, aiming to maintain a 1:1 peg with the US dollar.
Kraken stated that users can transfer PYUSD between PayPal and external wallets, make peer-to-peer payments, and exchange it with other cryptocurrencies supported by PayPal.
Note: Once liquidity conditions are met (when a sufficient number of buyers and sellers enter the market to allow for effective order matching), trading can be done through the Kraken App and Instant Buy.
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