PYUSD

Overview

PYUSD is a payment stablecoin issued by Paxos in partnership with PayPal.

Type

Fiat-backed. Redeemable one-to-one for US dollars.

Summary

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.