PYUSD
StablecoinPayPal USD
Spot Price (USD)
via DexScreener
Price (last 7 days)
Overview
PYUSD is PayPal's dollar-backed stablecoin issued by Paxos Trust Company. Each token is backed 1:1 by USD deposits and short-term US Treasury bills, with monthly attestations from an independent auditor. PayPal expanded PYUSD to Solana to leverage faster, cheaper settlement — making it usable for everyday payments inside PayPal/Venmo and across Solana DeFi.
Highlights
- Issued by Paxos Trust, a New York State–chartered limited-purpose trust
- Backed 1:1 by US dollar deposits and short-term Treasury bills
- Spendable natively inside PayPal and Venmo by hundreds of millions of users
- Monthly reserve reports published by an independent auditor
What is a stablecoin?
A stablecoin is a token designed to track the value of a reference currency such as the US dollar or the euro. Issuers hold reserves (cash, short-term government debt, or other safe instruments) so that each token can be redeemed 1:1, giving holders price stability with the speed and global reach of blockchain settlement.
Details
SymbolPYUSD
NamePayPal USD
ClassStablecoin
PegUSD
IssuerPayPal
Yield bearingNo
Price sourceDexScreener
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