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Crypto

PayPal Brings Stablecoin Trading In-House with PYUSDx Launch

Guavy AI Editorial Team
Instruments
USDC PYUSD
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PayPal has launched its PYUSDx platform, allowing users to buy, sell, and hold the stablecoin. The move is a significant step for PayPal in the digital currency space, as it continues to expand its offerings beyond traditional payment services.

The PYUSDx platform will enable users to trade USD Coin (USDC) directly with their PayPal accounts, eliminating the need for intermediaries or external exchanges.

No specific details are provided on when or if other stablecoins or cryptocurrencies will be added to the platform. However, it is clear that PayPal is committed to expanding its presence in the digital currency market.

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