Say hello to PYUSD – PayPal’s stablecoin
We’re listing PayPal USD, a stablecoin designed to maintain a $1 USD value. It’s backed by U.S. dollar deposits, US Treasuries, and cash equivalents.
PYUSD listing schedule*
We are listing the following pair globally (except in Singapore):
We’re enabling transfers on Tuesday, September 19, 2023, at 09:00 AM CET (07:00 AM UTC)
Deposits and withdrawals open but trading is not yet enabled.
Post-only mode: Wednesday, September 20, 2023, at 09:00 AM CET (07:00 AM UTC)
You will be able to place and cancel limit orders, but they will not be matched. Therefore, no orders will be completed during this stage.
Limit-only mode: Wednesday, September 20, at 13:00 PM CET (11:00 PM UTC)
Limit orders will be matched.
Full trading: Once the order books gather sufficient liquidity, we will enable all order types and card purchases for the new trading pairs as well.
About the PayPal Stablecoin (PYUSD)
PayPal USD is issued by Paxos Trust Company and has been designed to enhance the potential of stablecoins in facilitating seamless payments. It’s fully backed by deposits in U.S. dollars, as well as short-term U.S. Treasuries and comparable cash equivalents. Each PYUSD can be redeemed for one U.S. dollar.
You can find more information about the project on the PayPal website.
Additionally, What are stablecoins? on our Learn Center is also a good read. Enjoy!
Log in to your Bitstamp account to start trading and get the Bitstamp mobile apps (Bitstamp on App Store or Google Play; Bitstamp Pro on App Store or Google Play) to trade all our cryptocurrencies on the go!
*The listing schedule times might be subject to change. The pairs are listed globally, with the exception of Singapore.
Bitstamp USA, Inc. is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services.
This webpage has been approved as a financial promotion by Bitstamp UK Limited which is registered with the UK’s Financial Conduct Authority. Please read the Risk Warning Statement before investing. Cryptoassets and cryptoasset services are not regulated by the Financial Conduct Authority. You are unlikely to be protected if something goes wrong. Your investment may go down as well as up. You may be liable to pay Capital Gains Tax on any profits you earn.