, PayPal and Paxos to Enable PayPal USD (PYUSD) Transactions announced it has teamed up with PayPal and Paxos to establish as a preferred PayPal USD (PYUSD) exchange. has already listed PYUSD on its platform “for both retail and institutional users, and is currently the crypto trading platform with the deepest liquidity for PYUSD trading pairs globally.”

Joe Anzures, SVP and GM, Americas and Global Head of Payment Partnerships,, said:

“PayPal has been a true pioneer in the digital commerce evolution and Paxos is a market-leading issuer of stablecoins. We are tremendously excited to team up with them to collectively advance the crypto frontier. Connecting our more than 80 million users to the latest crypto innovations, as well as supporting PayPal’s global network of consumers and merchants, will be pivotal in our continued pursuit of crypto to every wallet.”

This builds on PayPal and’s initial integrations, “including being able to use PayPal to top up the Visa Card. Moving forward, PayPal and will continue to explore bringing more connected top up and commerce capabilities to market in the future.”

PYUSD is 100% backed “by U.S. dollar deposits, short-term U.S. Treasuries and similar cash equivalents, is redeemable 1:1 for U.S. dollars and is issued by Paxos Trust Company. Deposits of PYUSD are already available to retail users via the App, with trading features coming soon.”

Founded in 2016, claims “more than 80 million customers worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet.” is committed to “accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem.”

Last month, it was reported that Xsolla, a global video game commerce company, and global cryptocurrency platform ad entered a partnership for the integration of’s checkout solution into Xsolla’s Pay Station platform.

This transformative integration of Pay “represents a significant advancement in the gaming industry and creates new possibilities for game developers and players, enabling them to accept cryptocurrency payments and streamline transactions in a user-friendly and secure manner for a universally enhanced experience.”

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