{"id":30317,"date":"2024-10-03T00:00:02","date_gmt":"2024-10-02T21:00:02","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=30317"},"modified":"2024-10-02T22:55:11","modified_gmt":"2024-10-02T19:55:11","slug":"pyusd-now-available-for-purchase-on-moonpay","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/pyusd-now-available-for-purchase-on-moonpay\/","title":{"rendered":"PYUSD Now Available for Purchase on MoonPay"},"content":{"rendered":"<p>Now supporting <strong><a href=\"https:\/\/www.paypal.com\/us\/digital-wallet\/manage-money\/crypto\/pyusd\">PayPal USD<\/a> (PYUSD),<\/strong> the dollar-denominated stablecoin produced by Paxos Trust Company is MoonPay. Except for Canada, can now be bought on MoonPay using all accepted currencies and all main payment options.<\/p>\n<p>Following the two firms revelation of a strategic merger in May 2024 allowing MoonPay customers to buy and trade crypto using their PayPal accounts, MoonPay&#8217;s support of <strong>PYUSD<\/strong> follows.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2024\/06\/pyusddss.jpg\" alt=\"Transak Lists Paypal's PYUSD for Easier Crypto Access \u2013 Bitcoin News\" \/><\/p>\n<p>Reportedly supported 100% by U.S. dollar deposits, short-term U.S. Treasury bonds, and similar cash equivalents, <strong>PYUSD<\/strong> is a dollar-redeemable, payments-oriented stablecoin. One of the first stablecoins aimed at consumers released by a big financial services provider, fintech behemoths Robinhood and Revolut apparently want to follow suit.<\/p>\n<p>PayPal has long been keen on gaining market share among notable fintech startups engaged in the digital assets sector. PayPal revealed late last month intentions to let American business clients purchase, sell, store, and distribute cryptocurrency.<\/p>\n<p>DefiLlama claims PayPal&#8217;s stablecoin decreased to roughly $705 million after exceeding $1 billion in market capitalization in August. Once <strong>PYUSD<\/strong> expanded to Solana, its quantity on the network exceeded that of competing blockchain Ethereum. On Solana, the <strong>PYUSD<\/strong> supply has dropped back below the Ethereum total nonetheless.<\/p>\n<p>&nbsp;<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Now supporting PayPal USD (PYUSD), the dollar-denominated stablecoin produced by Paxos Trust Company is MoonPay. Except for Canada, can now be bought on MoonPay using all accepted currencies and all main payment options. Following the two firms revelation of a strategic merger in May 2024 allowing MoonPay customers to buy and trade crypto using their<\/p>\n","protected":false},"author":6,"featured_media":30324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[6080,861,2330],"class_list":["post-30317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-moonpay","tag-paypal","tag-pyusd"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PYUSD Now Available for Purchase on MoonPay - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/pyusd-now-available-for-purchase-on-moonpay\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PYUSD Now Available for Purchase on MoonPay - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Now supporting PayPal USD (PYUSD), the dollar-denominated stablecoin produced by Paxos Trust Company is MoonPay. Except for Canada, can now be bought on MoonPay using all accepted currencies and all main payment options. 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