According to an official announcement from Huobi, the exchange will become the first in the industry to support the listing of the PYUSD stablecoin. They will offer the PYUSD/USDT trading pair with permanent zero trading fees. Once the token enters circulation and liquidity conditions mature, Huobi will initiate trading and provide further updates through announcement notifications.
PayPal USD (PYUSD) is a USD stablecoin introduced by PayPal for transfers and payments. It is issued by Paxos Trust Company and is fully backed by USD deposits, short-term US government bonds, and similar cash equivalents, providing 100% support. Currently, a total of 26.9 million PYUSD tokens have been issued.