Coinbase Adds Support for PayPal Stablecoin
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US crypto exchange Coinbase yesterday listed PYUSD, the stablecoin of payment giant PayPal.

According to representatives of the platform:

"Once sufficient supply of this asset is established trading on our PYUSD-USD trading pairs will launch in phases. Support for PYUSD may be restricted in some supported jurisdictions."

PayPal's product is labeled "experimental," which the exchange adds to new coins or tokens with low trading volume.

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The stablecoin is available on the Coinbase Exchange and Advanced Trade platforms.

Last August 7, PayPal announced the launch of a stablecoin pegged to the US dollar based on Ethereum. The issuer of the coin was blockchain infrastructure company Paxos.

The asset provoked a controversial reaction from members of the community.

According to Bank of America experts, the launch of the stablecoin will increase the efficiency of payments and improve the quality of customer service, but the implementation of the asset is unlikely to be on a large scale.

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