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Convert and Swap PayPal USD PYUSD to Canadian Dollar CAD

PYUSD/CAD: 1 PayPal USD equals CA$1.39 CAD

Last update: 12:08 AM, November 10, 2024

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PayPal USD market latest

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PayPal USD is climbing this week.

The current price of PayPal USD is CA$1.39 per PYUSD. With a circulating supply of 547,413,772.265 PYUSD, it means that PayPal USD has a total market cap of CA$760,993,788.94. The amount of PayPal USD traded has fallen by CA$331,210.98 in the last 24 hours, which is a 2.43% decrease. Additionally, in the last day, CA$13,632,752.65 worth of PYUSD has been traded.

CA$761.0M
CA$13.6M
547.4M PYUSD

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About PayPal USD

PayPal USD (PYUSD) is a stablecoin pegged to the U.S. dollar. PYUSD is redeemable on a 1:1 basis for U.S. dollars and collateralized by U.S. dollars held in cash or cash equivalents.

PayPal USD (PYUSD) is a stablecoin issued by Paxos, a leading regulated blockchain infrastructure and tokenization platform. PYUSD is designed to maintain a stable value over time, relative to the U.S. dollar. This digital currency is fully backed by U.S. dollar deposits, U.S. treasuries, and cash equivalents, ensuring that each PYUSD token is equivalent to 1 USD. PYUSD operates on the Ethereum blockchain, a platform known for its programmability, making it a useful digital currency that can be integrated into public blockchains and help bridge the traditional economy and Web3.

PYUSD operates on the Ethereum blockchain, a decentralized platform that runs smart contracts. As a stablecoin, PYUSD is designed to maintain a steady value over time relative to the U.S. dollar. This is achieved by backing each PYUSD token with U.S. dollar deposits, U.S. treasuries, and cash equivalents. The reserves for PYUSD are held 100% in these assets, ensuring that customer funds are available for 1:1 redemption with Paxos. The reserves and the issuance of PYUSD are subject to strict regulatory oversight by the New York State Department of Financial Services, ensuring transparency and trust in the system.

PYUSD aims to provide inclusive, broad access to the financial system and enable fast and efficient money movement. As a programmable digital currency, PYUSD can be built into public blockchains, linking the traditional economy and Web3. This makes it a useful tool for developers to build new services and products on public blockchains. PYUSD can also be used for person-to-person payments, funding purchases, and converting other supported cryptocurrencies to and from PayPal USD. It is designed to reduce friction for in-experience payments in virtual environments, facilitate fast transfers of value, enable direct flows to developers and creators, and foster the continued expansion into digital assets.

PayPal USD was launched on August 7, 2023, by PayPal, a company that has been at the forefront of the digital payment revolution for more than 20 years. The launch of PYUSD marked PayPal's entry into the stablecoin market, aiming to contribute to the opportunities stablecoins offer for payments. The issuance of PYUSD is performed by Paxos Trust Company, a fully licensed limited purpose trust company. Paxos is known for its products that form the foundation for a new, open financial system that can operate faster and more efficiently. The launch of PYUSD is part of PayPal's commitment to responsible innovation and compliance, and its track record of delivering new experiences to its customers.

How PayPal USD and Canadian Dollar differ

PayPal USD (PYUSD) and the Canadian Dollar (CAD) are both forms of currency, but they operate in distinct ways and serve different purposes. PYUSD is a stablecoin issued by Paxos on the Ethereum blockchain, designed to maintain a stable value relative to the U.S. dollar. It's fully backed by U.S. dollar deposits, U.S. treasuries, and cash equivalents, ensuring each PYUSD token is equivalent to 1 USD. This digital currency aims to provide broad access to the financial system, enable efficient money movement, and bridge the traditional economy and Web3. On the other hand, the CAD is the official currency of Canada, regulated by the Bank of Canada, and used for all traditional financial transactions within the country. Unlike PYUSD, the CAD is a physical currency and its value fluctuates based on economic factors such as inflation, interest rates, and geopolitical events. While PYUSD is a tool for developers to build new services and products on public blockchains, the CAD is used for everyday transactions like buying goods and services.

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PYUSD to Canadian Dollar conversion tables

The exchange rate of PayPal USD is decreasing.

The current value of 1 PYUSD is CA$1.39 CAD. In other words, to buy 5 PayPal USD, it would cost you CA$6.96 CAD. Inversely, CA$1.00 CAD would allow you to trade for 0.72 PYUSD while CA$50.00 CAD would convert to 35.95 PYUSD, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 0.02%. Meanwhile, in the last 24 hours, the rate has changed by 0.01%, which means that the the highest exchange rate of 1 PYUSD to Canadian Dollar was CA$1.39 CAD and the lowest 24 hour value was 1 PYUSD for CA$1.39 CAD. This time last month, the value of 1 PYUSD was CA$1.37 CAD, which is a 0.06% decrease from where it is now. Looking back a year, PayPal USD has changed by CA$1.38 CAD.

PYUSD to CAD performance history

Price 24H ago
Change 24H
Price 1W ago
Change 1W
Price 1M ago
Change 1M
Price 1Y ago
Change 1Y
CA$1.39 CAD
-0.01%
CA$1.40 CAD
0.02%
CA$1.37 CAD
0.06%
CA$1.38 CAD
0.07%

PYUSD to CAD

Amount
Today at 12:08 am
0.5 PYUSD
CA$0.70
1 PYUSD
CA$1.39
5 PYUSD
CA$6.96
10 PYUSD
CA$13.91
50 PYUSD
CA$69.55
100 PYUSD
CA$139.10
500 PYUSD
CA$695.51
1,000 PYUSD
CA$1,391.01

CAD to PYUSD

Amount
Today at 12:08 am
0.5 CAD
0.36 PYUSD
1 CAD
0.72 PYUSD
5 CAD
3.59 PYUSD
10 CAD
7.19 PYUSD
50 CAD
35.95 PYUSD
100 CAD
71.89 PYUSD
500 CAD
359.45 PYUSD
1,000 CAD
718.90 PYUSD

Today vs. 24 hours ago

Amount
Today at 12:08 am
24 hours ago
24H Change
0.5 PYUSD
CA$0.70
CA$0.70
0.00%
1 PYUSD
CA$1.39
CA$1.39
0.00%
5 PYUSD
CA$6.96
CA$6.95
0.00%
10 PYUSD
CA$13.91
CA$13.91
0.00%
50 PYUSD
CA$69.55
CA$69.55
0.00%
100 PYUSD
CA$139.10
CA$139.10
0.00%
500 PYUSD
CA$695.51
CA$695.49
0.00%
1,000 PYUSD
CA$1,391.01
CA$1,390.98
0.00%

Today vs. 1 month ago

Amount
Today at 12:08 am
1 months ago
1M Change
0.5 PYUSD
CA$0.70
CA$0.70
+0.07%
1 PYUSD
CA$1.39
CA$1.39
+0.07%
5 PYUSD
CA$6.96
CA$6.95
+0.07%
10 PYUSD
CA$13.91
CA$13.90
+0.07%
50 PYUSD
CA$69.55
CA$69.50
+0.07%
100 PYUSD
CA$139.10
CA$139.01
+0.07%
500 PYUSD
CA$695.51
CA$695.05
+0.07%
1,000 PYUSD
CA$1,391.01
CA$1,390.09
+0.07%

Today vs. 1 year ago

Amount
Today at 12:08 am
1 year ago
1Y Change
0.5 PYUSD
CA$0.70
CA$0.69
+0.08%
1 PYUSD
CA$1.39
CA$1.39
+0.08%
5 PYUSD
CA$6.96
CA$6.95
+0.08%
10 PYUSD
CA$13.91
CA$13.90
+0.08%
50 PYUSD
CA$69.55
CA$69.50
+0.08%
100 PYUSD
CA$139.10
CA$138.99
+0.08%
500 PYUSD
CA$695.51
CA$694.97
+0.08%
1,000 PYUSD
CA$1,391.01
CA$1,389.95
+0.08%

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