OKX is listing PayPal USD (PYUSD) for spot trading. Starting today, October 3, 2024, at 9:00 AM UTC, users can begin depositing PYUSD.
The trading activity will ramp up with call auctions scheduled from 11:00 AM to 12:00 PM UTC, leading to the opening of PYUSD/USDT spot trading at 12:00 PM UTC.
If users are looking to withdraw their PYUSD, that option will be available starting tomorrow, October 4, 2024, at 10:00 AM UTC.
PayPal USD is a stablecoin fully backed by the U.S. dollar, ensuring its value remains stable at a 1:1 ratio with the dollar. Users can easily buy, sell, hold, and transfer PYUSD via PayPal’s platform, and it is compatible with both Ethereum and Solana networks.