Bitget Adds Support for PayPal (PYUSD) Stablecoin on Solana Blockchain
Press release
VICTORIA, Seychelles, 2
2nd
August, 2024 —
Bitget, the leading cryptocurrency exchange and Web3 company, has added trading support for PayPal's
PYUSD stablecoin on Solana blockchain, increasing the availability of multichain tokens. This enables smooth transactions of PYUSD on the Solana and Ethereum networks, easing its utility in the broader Bitget ecosystem.
Solana's infrastructure is designed to handle high transaction volumes quickly and at a minimal cost, making it an attractive platform for stablecoins like PYUSD. With its growing reputation as a preferred network for stablecoin activities, Solana offers an efficient and scalable environment that aligns with the requirements of digital payment systems. The integration of PYUSD into Solana broadens user options by enabling transactions on multiple blockchain networks. This step is likely to reinforce Solana's standing in the stablecoin market, further supporting its role in powering financial transactions and other blockchain-based services. By expanding PayPal USD's availability on Solana, new opportunities arise for consumers and businesses, especially in areas where transaction speed and cost-efficiency are crucial.
One of the main advantages PYUSD offers is its potential for greater accessibility and user adoption compared to other stablecoins. PayPal's established global presence and user base give PYUSD a unique advantage. With PayPal's vast network, including millions of merchants and consumers worldwide, PYUSD has the potential to quickly scale and become a prominent alternative in the stablecoin space. Additionally, the integration of PYUSD on platforms like Bitget positions it to capitalize on both retail and institutional interest in stable, fiat-backed stablecoins.
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 recognizable names in global finance, PayPal's entry into the stablecoin market with PYUSD brings a level of trust for mainstream adoption. Bitget remains dedicated to continuous innovation and optimization, striving to provide users with efficient and accessible trading services. Bitget addresses the demand for more flexible crypto products, empowering its 30 million users to manage and diversify portfolios with emerging tech and new stablecoins.
To start trading PYUSD, visit
here.
About Bitget
Established in 2018, Bitget is the world's leading
cryptocurrency exchange and Web3 company. Serving over 30 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep,
Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).
For media inquiries, please contact:
media@bitget.com
2024-08-22
Recommended
- Press releaseBitget Lists Scroll (SCR) Ethereum-based zkEVM Layer 2 for Pre-market Trading Victoria, Seychelles, September 20th, 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has listed SCR tokens from the Scroll ecosystem, a zero-knowledge EVM L2 based around the Ethereum ecosystem. With this listing, Scroll tokens are now available for Bitget users to place buy and sell orders prior to its market listings on various CEXs. Scroll is a security-focused scaling solution for Ethereum, using innovations in scaling design and zero knowledge proofs to build a new2024-09-20
- Press releaseBitget Enters A Multi-Million Dollar Deal With La Liga to Explore Crypto-Sports Synergy Victoria, Seychelles, 19th September, 2024: Bitget, the world's leading cryptocurrency exchange and Web3 company, has partnered up with LALIGA, the world's most celebrated football league, as an official crypto partner. The collaboration unveiled at Token2049 in Singapore indicates Bitget's strategic move into the sports sector across Eastern, Southeast Asia, and Latin America. The multi-million dollar partnership boasts exclusive benefits to both parties and alig2024-09-18
- Press releaseBitget Announces Winners of Smart Awards 2024 – the Best in Crypto Space Finally Recognized Victoria, Seychelles, 19 September 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has released the list of winners of its esteemed Smart Awards 2024 event, recognizing the top performers within the scope of a year in the crypto space across 5 categories. The event was held in collaboration with Bitget’s data provider — 0xScope, which ensured a transparent and fair winner selection process. The highly anticipated Bitget Smart Awards 2024, which took place on September 122024-09-18