Coinbase has announced that it will start trading in PayPal’s newly launched stablecoin, PYUSD, on Aug. 31, provided that liquidity conditions are met. According to the company’s tweet, trading will begin “on or after 9 AM PT” and will be rolled out in phases for the PYUSD-USD pairs. However, restrictions may apply in certain jurisdictions. Last week, Coinbase hinted at adding PYUSD to its platform; this recent confirmation means that the exchange will support the PYUSD under an “experimental” label. PayPal’s stablecoin, launched earlier this month in partnership with Paxos, has already been listed on several exchanges, including Huobi, Kraken, and Crypto.com.
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