OKX Launches PayPal USD (PYUSD) for Spot Trading Today

OKX Introduces PayPal USD (PYUSD) to Spot Trading Market

Exciting news for traders! OKX has officially listed PayPal USD (PYUSD) for spot trading starting today, October 3, 2024. Beginning at 9:00 AM UTC, users can deposit PYUSD into their OKX accounts. The action heats up with call auctions running from 11:00 AM to 12:00 PM UTC, after which PYUSD/USDT spot trading will go live at 12:00 PM UTC.

For those looking to withdraw their PYUSD, withdrawals will be enabled tomorrow, October 4, 2024, starting at 10:00 AM UTC.

PayPal USD (PYUSD) is a stablecoin fully backed by the U.S. dollar, maintaining a stable value of 1:1 with the U.S. dollar. It’s an ideal choice for traders who prefer stability and security in their digital assets. Users can easily buy, sell, hold, and transfer PYUSD through PayPal platform, providing flexibility for both crypto and non-crypto users.

Another great feature is that PYUSD is compatible with the Ethereum and Solana networks, giving users more options to utilize the stablecoin across different blockchain environments.

With this addition, OKX continues to offer a broader range of trading opportunities, making it a go-to platform for both beginners and experienced traders. The integration of PYUSD enhances the stablecoin market and provides more options for those who rely on PayPal for their digital transactions.

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