Just-In: Kraken Allows PayPal Stablecoin (PYUSD) Trading
Kraken’s decision follows several other exchanges that have added PYUSD to their platforms since PayPal introduced the stablecoin on August 7. The digital asset is fully-backed and pegged to the U.S. dollar, contributing to its rapid adoption in the market. ByBit, Changelly, and Huobi have all included PYUSD in their offerings, and on-chain data shows a robust market activity, with $26.9 million worth of PYUSD already issued. advertisement Hardware Wallet Ledger Integrates with PayPal Additionally, hardware manufacturer Ledger has partnered with PayPal to provide a secure platform for users to access cryptocurrencies. The integration allows U.S. users to purchase digital currencies like Bitcoin, Ethereum , Bitcoin Cash, and Litecoin using their linked PayPal accounts through the Ledger Live companion app. The acquired assets are automatically transferred to the user’s Ledger hardware wallet, streamlining the buying process. Howe...