PayPal USD (PYUSD)
PayPal meets crypto. The dollar goes digital.
What is PayPal USD?
PYUSD is PayPal's dollar-pegged stablecoin, issued by Paxos Trust Company under regulatory oversight. Backed 1:1 by US dollar deposits, short-term Treasury bills, and cash equivalents, PYUSD brings the credibility of one of the world's largest payment companies to the stablecoin market.
With PayPal's 400+ million active users as a distribution channel, PYUSD bridges traditional finance and crypto in a way that few other stablecoins can. Users can buy, hold, send, and receive PYUSD through PayPal and Venmo — making crypto-native stablecoins accessible to mainstream consumers for the first time.
PYUSD is available on Ethereum and Solana, and can be used across DeFi protocols, exchanges, and payment applications. Its reserves are fully attested monthly by independent auditors, and Paxos publishes detailed breakdowns of backing assets.
How PayPal USD Works
PYUSD follows the same proven stablecoin model: one token equals one dollar. Paxos Trust Company (a regulated financial institution) holds the reserves — real dollars and Treasury bills — and issues PYUSD tokens on the blockchain. When someone wants PYUSD, dollars go into the reserve and tokens are created. When they redeem, tokens are destroyed and dollars come back. What makes PYUSD unique is its issuer's partnership with PayPal, giving it instant access to hundreds of millions of potential users.
PayPal USD Ecosystem
- Dollar-pegged stablecoin backed by US Treasuries and cash
- Integrated into PayPal and Venmo for mainstream access
- Available on Ethereum and Solana for DeFi usage
- Monthly reserve attestations by independent auditors
- Growing adoption as a payment and settlement currency
Team & Development
PYUSD is issued by Paxos Trust Company, a New York-regulated financial institution founded by Charles Cascarilla and Rich Teo. Paxos also issues PAX Gold and provides infrastructure for PayPal's crypto services. The partnership with PayPal, led by CEO Alex Chriss, represents the largest traditional finance entry into stablecoins to date.
Frequently Asked Questions
Who issues PYUSD?
PYUSD is issued by Paxos Trust Company, a regulated financial institution based in New York. PayPal is the distribution partner. Reserves are held in US dollar deposits, short-term US Treasury bills, and similar cash equivalents.
Can I buy PYUSD outside of PayPal?
Yes. PYUSD is an ERC-20 token on Ethereum and also available on Solana. You can buy it through crypto exchanges, DEXs, or aggregators like Swaps — and store it in any compatible wallet.
How is PYUSD different from USDC?
Both are regulated dollar stablecoins with transparent reserves. USDC is issued by Circle and has deeper DeFi integration. PYUSD is issued by Paxos with PayPal distribution, giving it unique access to mainstream consumers through PayPal and Venmo.
Is PYUSD available on Solana?
Yes. PYUSD launched on Solana in addition to Ethereum, offering faster transactions and lower fees. Make sure you select the correct network when purchasing to match your wallet.
Buy PayPal USD on Swaps
Compare PayPal USD prices from trusted providers. Buy PYUSD with credit card, bank transfer, Apple Pay, and 29+ payment methods. Non-custodial — crypto goes directly to your wallet.
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