Main navigation

XRP and Dogecoin Can Now Be Traded Against PayPal's PYUSD on Crypto.com

Advertisement
Thu, 28/09/2023 - 15:40
XRP and Dogecoin Can Now Be Traded Against PayPal's PYUSD on Crypto.com
Cover image via www.freepik.com
Read U.TODAY on
Google News
Advertisement

Crypto.com has diversified its offerings by integrating a slew of new trading pairs on its app, according to a Thursday announcement

Ripple-affiliated XRP, Dogecoin (DOGE) and Solana (SOL) can now be traded against PayPal USD (PYUSD), a new stablecoin that was recently launched by the financial giant. 

Crypto.com teams up with PayPal 

Crypto.com has collaborated with PayPal and Paxos to become a preferred exchange for PayPal's PYUSD. This partnership, which was announced earlier today, allows users to access deep liquidity for PYUSD trading pairs, building upon previous integrations. 

The platform aims to advance cryptocurrency accessibility by linking its extensive user base to innovative crypto solutions and supporting the broader network of PayPal consumers and merchants.

Advertisement

Related

The PayPal stablecoin, which was launched last month to much fanfare, also recently made its debut on the KuCoin exchange.

Despite its promise to make payments easier and improve the user experience, PayPal's new digital coin, PayPal USD (PYUSD), is not expected to become widely used any time soon, according to a report by Bank of America. The report suggests that PYUSD will face challenges due to competition from other private stablecoins and CBDCs. 

Exchanges relisting XRP 

After Ripple's legal win against the SEC, there has been a perceptible shift in market dynamics regarding XRP. Several prominent crypto trading platforms, including Crypto.com, have reenabled XRP trading services. 

However, this resurgence of XRP has not translated into a proportional price elevation, with values still hovering below $0.50, signaling potential market reservations and prevailing uncertainties in the crypto sphere.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD