Huobi Supports PayPal’s PYUSD Stablecoin Launch with Zero Trading Fees!

The post Huobi Supports PayPal’s PYUSD Stablecoin Launch with Zero Trading Fees! appeared first on Coinpedia Fintech News

Huobi, a leading cryptocurrency exchange, has announced that it will support the launch of PayPal’s stablecoin, PYUSD. As part of this launch, Huobi will provide PYUSD and USDT trading pairs with zero trading fees permanently. Currently, there are 26.9 million PYUSD in circulation, with each coin backed by U.S. dollar deposits, short-term U.S. Treasury bonds, and similar cash equivalents. Huobi believes that the launch of PYUSD will be a significant step forward in promoting the adoption of stablecoins for payments and transfers. Huobi will open trading when market conditions and users are ready, as advised in their subsequent announcements.