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
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up nowblog.recommend_articles
- Press releaseBitget Pay Launches Globally With Zero-Fees Instant Crypto Payments Victoria, Seychelles, 31st October 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has just launched its new payment service for instant crypto transactions called Bitget Pay. The release marks the introduction of a contactless, peer-to-peer crypto payment solution exclusive to the Bitget App. With a growing global interest in digital currencies, as highlighted by Statista data indicating over 250 million blockchain wallets in 2023, Bitget Pay will be utiliz2024-10-31
- Press releaseBitget Named Among Top 12 Finalists for Digital Currency Exchange of the Year at Australia’s 2024 Blockies Awards Victoria, Seychelles, 31st October, 2024 - Bitget the leading crypto exchange and Web3 company has been selected as a finalist in the Digital Currency Exchange (DCE) of the Year category at Australia’s 2024 Blockies Awards. Only 12 finalists were announced for this competitive category among more than 400 registered crypto exchanges in Australia’s $552 million DCE market. The Blockies Awards, officially known as the Australian Blockchain Industry Awards, is an annual event celebrating2024-10-31
- Press releaseBitget's Survey Reveals Some Users Prefer Influencer Videos Over Whitepapers to Make Trading Choices Victoria, Seychelles, 31st October 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has launched a campaign to celebrate Bitcoin's 16th Whitepaper Day, with a scintillating theme “ Who’s Still Reading Whitepapers?”. This initiative seeks to ignite conversations within the crypto community about the current role of whitepapers in blockchain projects and investment decisions. The event is campaigned around the release of Satoshi Nakamoto’s foundational document an2024-10-31
We offer all of your favorite coins!
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade nowBecome a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now