Odaily News: According to an official announcement, Huobi will become the first exchange to support the listing of the PYUSD stablecoin and will offer zero transaction fees for the PYUSD/USDT trading pair indefinitely. Once the market circulation and liquidity conditions are mature, Huobi will initiate trading for PYUSD. Please stay tuned for further announcements on the launch of PYUSD trading on Huobi.



PayPal USD (PYUSD) is a USD stablecoin launched by PayPal for transfers and payments. PYUSD is issued by Paxos Trust Company and is backed 100% by USD deposits, short-term US government bonds, and similar cash equivalents. Currently, a total of 26.9 million PYUSD have been issued.