Coinbase to list PayPal’s PYUSD stablecoin

Coinbase announced on Aug. 30 that it will soon add support for PayPal’s stablecoin, PYUSD, on the Ethereum network as an ERC-20 token.

Coinbase company further announced that trading would begin on or after 9:00 AM PST on Aug. 31, assuming liquidity conditions are met. Though the asset will be available on Coinbase’s primary exchange, the company’s pages state that the asset is only available for trading on its decentralized exchange (DEX) at the time of writing.