{"id":9399,"date":"2024-06-19T08:56:02","date_gmt":"2024-06-19T08:56:02","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=9399"},"modified":"2024-06-19T06:56:10","modified_gmt":"2024-06-19T06:56:10","slug":"transak-lists-paypals-stablecoin-pyusd","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/transak-lists-paypals-stablecoin-pyusd\/","title":{"rendered":"Transak Lists PayPal&#8217;s Stablecoin PYUSD"},"content":{"rendered":"\n<p>Transak, a Web3 payments infrastructure provider, has announced the listing of PayPal\u2019s stablecoin, PayPal USD (PYUSD), on its platform. This integration allows users to purchase PYUSD using various local payment methods, streamlining the process of transitioning from traditional currencies to cryptocurrencies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Enhancing Accessibility to Decentralized Finance<\/h3>\n\n\n\n<p>According to Transak, this move addresses the challenge of converting traditional currencies into crypto assets by leveraging PayPal\u2019s trusted reputation. Sami Start, CEO of Transak, explained that listing PYUSD offers a reliable gateway for traders entering decentralized finance (DeFi). The company believes this will accelerate the mainstream adoption of cryptocurrencies.<\/p>\n\n\n\n<p>Also Read: <a href=\"https:\/\/www.cryptometer.io\/news\/paypals-pyusd-now-available-on-solana-blockchain\/\">PayPal\u2019s PYUSD Now Available on Solana Blockchain<\/a><\/p>\n\n\n\n<p>PYUSD, issued by Paxos Trust Company, is a fiat-backed stablecoin, fully supported by U.S. dollar deposits, U.S. Treasuries, and similar cash equivalents. It can be bought or sold through PayPal and Venmo at a fixed rate of $1 per PYUSD. Paxos\u2019 products, including PYUSD, are regulated by the New York State Department of Financial Services (NYDFS).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Meeting Evolving Consumer Needs<\/h3>\n\n\n\n<p>Nick Robnett, the head of asset growth at Paxos, emphasized the importance of this integration. \u201cThe integration of PYUSD on Transak is a step towards meeting evolving consumer needs by providing them with expanded choices when it comes to their finances. Stablecoins and blockchain technology are the future of finance \u2013 and this is a great opportunity to safely introduce this technology to users,&#8221; he told Bitcoin.com News.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Transak, a Web3 payments infrastructure provider, has announced the listing of PayPal\u2019s stablecoin, PayPal USD (PYUSD), on its platform. This integration allows users to purchase PYUSD using various local payment methods, streamlining the process of transitioning from traditional currencies to cryptocurrencies. Enhancing Accessibility to Decentralized Finance According to Transak, this move addresses the challenge of [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":9400,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[259,43],"tags":[],"class_list":{"0":"post-9399","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-altcoins","8":"category-general-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Transak Lists PayPal&#039;s Stablecoin PYUSD<\/title>\n<meta name=\"description\" content=\"Transak, a Web3 payments infrastructure provider, has announced the listing of PayPal\u2019s stablecoin, PayPal USD (PYUSD), on its platform. This integration\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/transak-lists-paypals-stablecoin-pyusd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transak Lists PayPal&#039;s Stablecoin PYUSD\" \/>\n<meta property=\"og:description\" content=\"Transak, a Web3 payments infrastructure provider, has announced the listing of PayPal\u2019s stablecoin, PayPal USD (PYUSD), on its platform. This integration\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cryptometer.io\/news\/transak-lists-paypals-stablecoin-pyusd\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoMeter.io\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-19T08:56:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/06\/pyusddss.webp?fit=800%2C450&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Manjeet Mane\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Manjeet Mane\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/transak-lists-paypals-stablecoin-pyusd\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/transak-lists-paypals-stablecoin-pyusd\/\"},\"author\":{\"name\":\"Manjeet Mane\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/294f2836271d1655ea8e2e5619466eb8\"},\"headline\":\"Transak Lists PayPal&#8217;s Stablecoin PYUSD\",\"datePublished\":\"2024-06-19T08:56:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/transak-lists-paypals-stablecoin-pyusd\/\"},\"wordCount\":243,\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/transak-lists-paypals-stablecoin-pyusd\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/06\/pyusddss.webp\",\"articleSection\":[\"Altcoins\",\"General News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/transak-lists-paypals-stablecoin-pyusd\/\",\"url\":\"https:\/\/www.cryptometer.io\/news\/transak-lists-paypals-stablecoin-pyusd\/\",\"name\":\"Transak Lists PayPal's Stablecoin PYUSD\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/transak-lists-paypals-stablecoin-pyusd\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/transak-lists-paypals-stablecoin-pyusd\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/06\/pyusddss.webp\",\"datePublished\":\"2024-06-19T08:56:02+00:00\",\"description\":\"Transak, a Web3 payments infrastructure provider, has announced the listing of PayPal\u2019s stablecoin, PayPal USD (PYUSD), on its platform. 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