Kraken users can already make deposits in PYUSD issued on the Ethereum (ETH) blockchain. The platform plans to add digital asset trading pairs on August 21, so its customers will be able to start transacting with the new stablecoins as early as Monday.
Crypto.com has integrated PayPal USD into its mobile app, accordingly, users have the option to deposit using coins from PayPal. Like Kraken, Crypto.com is set to launch PYUSD trading soon, but the exact date of the asset listing is still unknown.
PayPal USD can also be purchased on the PayPal app or website and then converted to another cryptocurrency, such as bitcoins. In addition, PYUSD is allowed to be used as a means of payment in online stores and sent to other people