The partnership is designed to expand access to PYUSD in Asian and African markets, PayPal said.
PayPal USD news
Trading platforms and regulators are increasingly embracing cryptocurrency as collateral for trades.
As part of the program, developers can apply for up to $60,000 in grant funding to support their projects.
The crypto market is up today, following a bullish performance from US equities markets and increasing traders’ demand for crypto investment products.