Changelly, a global crypto exchange platform with over 2 million monthly users, is set to list the PayPal USD (PYUSD) stablecoin. PayPal USD will join the over 500 cryptocurrencies already available on the platform, with users being able to get the new token using the platform’s fixed or floating rates and low fees.
Changelly has always been committed to supporting projects that promote crypto and bring innovation to the space. PayPal USD is a stablecoin launched by PayPal, one of the world’s biggest payment systems. PYUSD is 100% backed by short-term U.S. Treasuries, U.S. dollar deposits and similar cash equivalents. Users that own PayPal USD will be able to:
- Transfer it between PayPal and compatible external wallets.
- Use PYUSD as a payment method if available.
- Send person-to-person payments using the stablecoin.
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