by Paxos Trust Company
Quick Fact
PayPal USD (PYUSD) is a stablecoin fully backed by U.S. dollar deposits, offering a trusted way to transact and store value in digital form.
PayPal USD (PYUSD) is PayPal’s venture into stablecoins, combining the familiarity and security of its platform with the power of blockchain technology. Designed to maintain a 1:1 peg with the U.S. dollar, PYUSD allows users to easily send, receive, and hold value digitally without worrying about price volatility. Whether you're a business or individual, PYUSD offers a seamless way to make crypto payments, store digital assets, or even integrate it into decentralized finance (DeFi) applications.
With PYUSD, users can send and receive payments in a digital currency that’s backed by U.S. dollars, providing the stability needed for everyday transactions without the unpredictability of other cryptocurrencies.
As part of the PayPal ecosystem, PYUSD integrates smoothly with PayPal’s existing services, offering a familiar and trusted environment for users to interact with digital currencies.
PYUSD is designed to operate on the Ethereum blockchain, making it compatible with decentralized applications (dApps) and enabling its use in the fast-growing world of DeFi.
PayPal ensures that each unit of PYUSD is fully backed by U.S. dollar reserves, with regular audits to ensure transparency. This commitment provides users with the peace of mind that their digital funds are secure.