Partners with PayPal and Paxos: Preferred for PYUSD Trading Partners with PayPal and Paxos: Preferred for PYUSD Trading,
a Singapore-based cryptocurrency exchange, has joined forces with payment giant
PayPal and blockchain infrastructure firm Paxos to establish itself as the
preferred platform for trading in PayPal’s USD-pegged stablecoin (PYUSD).

Listing: Access for Both Retail and Institutional Users

collaboration underscores’s commitment to providing comprehensive
cryptocurrency services to its users. According to a press release issued on
September 28, currently boasts the most extensive liquidity for
PYUSD trading pairs on a global scale.

exchange has promptly listed PYUSD for both retail and institutional users. It
is anticipated that it will provide additional „trading
features” in the near future. This
development represents an expansion of the existing partnership between PayPal
and, which previously included the option to use PayPal for topping
up the Visa Card.

Anzures, the Senior Vice President of Americas and Global Head of Payment Partnerships
at, expressed enthusiasm for the collaboration with Paxos, referring
to them as „a market-leading issuer of stablecoins.”

emphasized the significance of this partnership in extending crypto
accessibility to’s more than 80 million users while supporting
PayPal’s global network of consumers and merchants. Anzures added:
„Connecting our more than 80 million users to the latest crypto
innovations will be pivotal in our continued pursuit of crypto for every

The Convergence of Traditional
Finance and Cryptocurrency

entered the stablecoin arena in August 2023 with the launch of PYUSD. This
stablecoin is built on the Ethereum blockchain. It is fully backed by U.S.
dollar deposits, short-term Treasurys, and similar cash equivalents, ensuring
stability and trustworthiness.

has already gained a presence on major cryptocurrency exchanges, including
Bitstamp, Coinbase, and Kraken. It also serves as a payment option for
platforms like BitPay and Metamask. PYUSD became accessible to Venmo users in

New York State Department of Financial Services has also recognized the
stability and reliability of PYUSD by including it on its „green
list” of approved cryptocurrencies.

collaboration between, PayPal, and Paxos highlights the growing
integration of traditional finance and the cryptocurrency ecosystem. stablecoins gain traction and accessibility. This
partnership is set to further accelerate the adoption of digital assets within
the global financial landscape.

This article was written by Tareq Sikder at

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