Cryptocurrency Q&A
What is PayPal USD on Coinbase?
What is PayPal USD on Coinbase?
PulseWind
Thu Jun 20 2024
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7 answers
1413
Could you please elaborate on what "PayPal USD" specifically refers to on the Coinbase platform? Is it a direct integration that allows users to deposit and withdraw funds from their PayPal accounts in US dollars? Or is it a virtual currency or token representing the value of the US dollar? I'm curious to understand if there's a direct partnership between PayPal and Coinbase for this service and what the benefits or limitations might be for users looking to leverage this feature. Clarifying these points would greatly assist in understanding the true nature and functionality of "PayPal USD" on Coinbase.
7 answers
Dario
Sat Jun 22 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services to its users, including spot trading, futures trading, and digital wallet facilities.
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Carlo
Sat Jun 22 2024
This stability is achieved by pegging the value of the stablecoin to a reference asset.
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Lorenzo
Sat Jun 22 2024
In the case of PYUSD, the reference asset is the U.S. dollar.
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Giulia
Sat Jun 22 2024
PayPal USD, also known as PYUSD, is a stablecoin that represents a unique cryptocurrency category.
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TaegeukChampion
Sat Jun 22 2024
By maintaining a close relationship with the value of the U.S. dollar, PYUSD aims to provide a more stable alternative to traditional cryptocurrencies.
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