Convert and Swap PayPal USD PYUSD to Mexican Peso MXN
PYUSD/MXN: 1 PayPal USD equals MX$20.05 MXN
Last update: 2:11 AM, December 23, 2024
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PayPal USD is falling this week.
The current price of PayPal USD is MX$20.05 per PYUSD. With a circulating supply of 530,596,770.062 PYUSD, it means that PayPal USD has a total market cap of MX$10,642,270,527.63. The amount of PayPal USD traded has risen by MX$55,913,676.69 in the last 24 hours, which is a 24.81% increase. Additionally, in the last day, MX$225,387,327.45 worth of PYUSD has been traded.
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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 Mexican Peso differ
PayPal USD (PYUSD) and Mexican Peso (MXN) are two distinct forms of currency, each with its unique characteristics. PYUSD is a stablecoin issued by Paxos, operating on the Ethereum blockchain, and aims 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 seeks to bridge the traditional economy and Web3, providing inclusive, broad access to the financial system and enabling fast and efficient money movement. On the other hand, the Mexican Peso (MXN) is the official currency of Mexico, regulated by the Bank of Mexico. Unlike PYUSD, MXN is a physical currency subject to inflation and exchange rate fluctuations. It's used for all types of transactions within Mexico, from buying goods and services to paying taxes and debts. While PYUSD operates in the digital realm and aims to reduce friction for in-experience payments in virtual environments, MXN operates in the physical world, serving as the backbone of the Mexican economy.
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PYUSD to Mexican Peso conversion tables
The exchange rate of PayPal USD is decreasing.
The current value of 1 PYUSD is MX$20.05 MXN. In other words, to buy 5 PayPal USD, it would cost you MX$100.26 MXN. Inversely, MX$1.00 MXN would allow you to trade for 0.0499 PYUSD while MX$50.00 MXN would convert to 2.4935 PYUSD, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.01%. Meanwhile, in the last 24 hours, the rate has changed by 0.06%, and that the the highest exchange rate of 1 PYUSD to Mexican Peso was MX$20.08 MXN and the lowest 24 hour value was 1 PYUSD for MX$20.05 MXN. This time last month, the value of 1 PYUSD was MX$20.44 MXN, which is a 0.06% increase from where it is now. Looking back a year, PayPal USD has changed by MX$16.97 MXN. That means that in a single year, the value of PayPal USD has shrank by 0%.
PYUSD to MXN performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
MX$20.08 MXN | -0.06% | MX$20.11 MXN | -0.01% | MX$20.44 MXN | -0.06% | MX$16.97 MXN | -0.00% |
PYUSD to MXN
Amount | Today at 2:11 am |
|---|---|
0.5 PYUSD | MX$10.03 |
1 PYUSD | MX$20.05 |
5 PYUSD | MX$100.26 |
10 PYUSD | MX$200.52 |
50 PYUSD | MX$1,002.59 |
100 PYUSD | MX$2,005.18 |
500 PYUSD | MX$10,025.89 |
1,000 PYUSD | MX$20,051.79 |
MXN to PYUSD
Amount | Today at 2:11 am |
|---|---|
0.5 MXN | 0.0249 PYUSD |
1 MXN | 0.0499 PYUSD |
5 MXN | 0.25 PYUSD |
10 MXN | 0.50 PYUSD |
50 MXN | 2.49 PYUSD |
100 MXN | 4.99 PYUSD |
500 MXN | 24.94 PYUSD |
1,000 MXN | 49.87 PYUSD |
Today vs. 24 hours ago
Amount | Today at 2:11 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 PYUSD | MX$10.03 | MX$10.03 | -0.06% |
1 PYUSD | MX$20.05 | MX$20.06 | -0.06% |
5 PYUSD | MX$100.26 | MX$100.32 | -0.06% |
10 PYUSD | MX$200.52 | MX$200.64 | -0.06% |
50 PYUSD | MX$1,002.59 | MX$1,003.20 | -0.06% |
100 PYUSD | MX$2,005.18 | MX$2,006.40 | -0.06% |
500 PYUSD | MX$10,025.89 | MX$10,032.01 | -0.06% |
1,000 PYUSD | MX$20,051.79 | MX$20,064.03 | -0.06% |
Today vs. 1 month ago
Amount | Today at 2:11 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 PYUSD | MX$10.03 | MX$10.03 | -0.06% |
1 PYUSD | MX$20.05 | MX$20.06 | -0.06% |
5 PYUSD | MX$100.26 | MX$100.32 | -0.06% |
10 PYUSD | MX$200.52 | MX$200.64 | -0.06% |
50 PYUSD | MX$1,002.59 | MX$1,003.20 | -0.06% |
100 PYUSD | MX$2,005.18 | MX$2,006.39 | -0.06% |
500 PYUSD | MX$10,025.89 | MX$10,031.96 | -0.06% |
1,000 PYUSD | MX$20,051.79 | MX$20,063.93 | -0.06% |
Today vs. 1 year ago
Amount | Today at 2:11 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 PYUSD | MX$10.03 | MX$10.03 | 0.00% |
1 PYUSD | MX$20.05 | MX$20.05 | 0.00% |
5 PYUSD | MX$100.26 | MX$100.26 | 0.00% |
10 PYUSD | MX$200.52 | MX$200.53 | 0.00% |
50 PYUSD | MX$1,002.59 | MX$1,002.63 | 0.00% |
100 PYUSD | MX$2,005.18 | MX$2,005.27 | 0.00% |
500 PYUSD | MX$10,025.89 | MX$10,026.34 | 0.00% |
1,000 PYUSD | MX$20,051.79 | MX$20,052.69 | 0.00% |
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