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Huobi and BitMart list PayPal USD stablecoin, crypto community remains cautious

Within 24 hours of the launch of the Paxos-issued PayPal USD (PYUSD) stablecoin, Justin Sun's Huobi crypto exchange and other exchanges have announced its listing. Huobi is the first exchange to announce support and will begin with a PYUSD/USDT trading pair with zero handling fees. BitMart has also announced the primary listing of PYUSD and will allow trading from August 8th. However, the crypto community has mixed reactions to the stablecoin due to concerns over centralization and security issues.

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