PYUSD is a payment stablecoin issued by Paxos in partnership with PayPal.Read more
Fiat-backed. Redeemable one-to-one for US dollars.
PayPal USD (PYUSD) is a stablecoin designed for payments and backed one-to-one by dollar deposits, cash equivalents, and US Treasuries. PYUSD is available to buy, sell, hold, and transfer for eligible accounts at PayPal.
Attestations of PayPal USD reserves will be published monthly starting in September, 2023.