Teams Up with PayPal and Paxos to Further Enable PayPal USD (PYUSD) today announced it has teamed up with PayPal and Paxos to establish as a preferred PayPal USD (PYUSD) exchange.

Sep 28, 2023
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September 28, 2023 – today announced it has teamed up with PayPal and Paxos to establish as a preferred PayPal USD (PYUSD) exchange. has already listed PYUSD on its platform for both retail and institutional users, and is currently the crypto trading platform with the deepest liquidity for PYUSD trading pairs globally.

“PayPal has been a true pioneer in the digital commerce evolution and Paxos is a market-leading issuer of stablecoins. We are tremendously excited to team up with them to collectively advance the crypto frontier,” said Joe Anzures, SVP and GM, Americas and Global Head of Payment Partnerships, “Connecting our more than 80 million users to the latest crypto innovations, as well as supporting PayPal’s global network of consumers and merchants, will be pivotal in our continued pursuit of crypto to every wallet.”

This builds on PayPal and’s initial integrations, including being able to use PayPal to top up the Visa Card. Moving forward, PayPal and will continue to explore bringing more connected top up and commerce capabilities to market in the future.

PYUSD is 100% backed by U.S. dollar deposits, short-term U.S. Treasuries and similar cash equivalents, is redeemable 1:1 for U.S. dollars and is issued by Paxos Trust Company. Deposits of PYUSD are already available to retail users via the App, with trading features coming soon. 


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