Bitget Adds Support for PayPal (PYUSD) Stablecoin on Solana Blockchain

By Investor Empires On Aug 22, 2024

VICTORIA, Seychelles, August 22, 2024 (GLOBE NEWSWIRE) — PetgettLeading cryptocurrency exchange and Web3 company adds trading support for PayPal
BYUD A stablecoin on the Solana blockchain, increasing the availability of cross-chain tokens. This allows for seamless transactions of PYUSD on both the Solana and Ethereum networks, making it easier to use in the broader Bitget ecosystem.

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Solana’s infrastructure is designed to handle large transaction volumes quickly and at low cost, making it an attractive platform for stablecoins like PYUSD. With its growing reputation as the preferred network for stablecoin activities, Solana offers an efficient and scalable environment that meets the demands of digital payment systems. The integration of PYUSD into Solana expands user options by enabling transactions on multiple blockchain networks. The move is likely to strengthen Solana’s position in the stablecoin market, supporting its role in powering financial transactions and other blockchain-based services. By expanding the availability of PayPal USD on Solana, new opportunities arise for consumers and businesses, especially in areas where transaction speed and cost-effectiveness are paramount.

One of the key advantages of PYUSD is its greater accessibility and user adoption compared to other stablecoins. PayPal’s established global presence and user base gives PYUSD a unique advantage. With PayPal’s extensive network, including millions of merchants and consumers worldwide, PYUSD has the potential to rapidly scale and become a prominent alternative in the stablecoin space. Additionally, PYUSD’s integration on platforms like Bitget positions it to capitalize on both retail and institutional interest in fiat-backed stablecoins.

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The listing of PayPal’s stablecoin, PYUSD, on Bitget is a significant development for both the platform and its users. As one of the most recognized names in global finance, PayPal’s entry into the stablecoin market with PYUSD brings a level of confidence to mainstream adoption. Bitget remains committed to continuous innovation and improvement, and strives to provide users with efficient and accessible trading services. Bitget meets the demand for more flexible crypto products, enabling its 30 million users to manage and diversify their portfolios using emerging technology and new stablecoins.

To start trading PYUSD, visit: here.

About Bitget

Founded in 2018, Bitget is the world’s leading Cryptocurrency Exchange Web3 Inc. Serving over 25 million users in over 100 countries and regions, Bitget Exchange is committed to helping users trade smarter with its industry-leading copy trading feature and other trading solutions. Formerly known as BitKeep, BitGate Wallet Bitget is a world-class multi-chain crypto wallet offering a suite of comprehensive Web3 solutions and features including wallet functionality, swapping, NFT marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto by partnering with trusted partners, including legendary Argentine soccer player Lionel Messi and Turkish national athletes Buse Tosun Çavuşoğlu (world wrestling champion), Samet Gümüş (gold medalist in boxing), and İlkin Aydın (national volleyball team).