PayPal USD (PYUSD)
The official stablecoin issued by PayPal.
PayPal USD, also known as PYUSD, is a regulated U.S. dollar-backed stablecoin created by PayPal and issued by Paxos Trust Company.
It aims to connect traditional finance with blockchain-based ecosystems by offering instant, transparent, and low-cost digital dollar transfers.
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PayPal USD (PYUSD) Live Data
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Project Overview
PYUSD is fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and similar cash equivalents. Each token can be redeemed 1:1 for U.S. dollars via PayPal or compatible exchanges.
Its main objective is to make digital payments seamless across traditional and decentralized environments, allowing users to move funds between PayPal, Venmo, and supported Web3 wallets.
It follows U.S. regulatory standards, giving it a unique position among stablecoins.
Key Insights
PayPal USD is the first major stablecoin introduced by a global financial institution with over 400 million active users. Its integration within PayPal's ecosystem makes it instantly usable for millions of consumers and businesses worldwide.
Unlike decentralized stablecoins, PYUSD operates under U.S. financial oversight and audits conducted by Paxos. This ensures full collateral transparency and user trust.
PYUSD is an ERC-20 token deployed on the Ethereum network, compatible with DeFi platforms, NFTs, and smart contracts. It allows users to hold digital dollars without leaving the Web3 environment.
By merging blockchain innovation with regulatory compliance, PayPal USD plays a pivotal role in bridging the gap between traditional banking and decentralized finance.
Common Questions About PayPal USD
1. What is PYUSD?
A U.S. dollar-backed stablecoin issued by Paxos on behalf of PayPal.
2. How is it backed?
By dollar deposits, short-term Treasuries, and similar assets.
3. On which blockchain does it run?
Ethereum (ERC-20 standard).
4. Is it regulated?
Yes, Paxos Trust Company is regulated by the New York Department of Financial Services (NYDFS).
5. Where can I use PYUSD?
Within PayPal, Venmo, and Web3 wallets compatible with ERC-20 tokens.
Market Context
PayPal USD marks a turning point for mainstream adoption of stablecoins. It provides a bridge between banks, fintech platforms, and blockchain applications.
Its strong regulatory foundation could push other financial institutions to follow the same path.