Convert and Swap PayPal USD PYUSD to Peruvian Sol PEN
PYUSD/PEN: 1 PayPal USD equals PEN 3.71 PEN
Last update: 3:54 AM, December 23, 2024
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PayPal USD is falling this week.
The current price of PayPal USD is PEN 3.71 per PYUSD. With a circulating supply of 530,596,769.896 PYUSD, it means that PayPal USD has a total market cap of PEN 1,971,885,798.49. The amount of PayPal USD traded has risen by PEN 11,473,649.85 in the last 24 hours, which is a 26.31% increase. Additionally, in the last day, PEN 43,615,160.15 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 Peruvian Sol differ
PayPal USD (PYUSD) and Peruvian Sol (PEN) are two distinct forms of currency, each with their 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 strives to bridge the gap between the traditional economy and Web3, providing inclusive, broad access to the financial system. On the other hand, the Peruvian Sol (PEN) is the official currency of Peru, a traditional fiat currency regulated by the Central Reserve Bank of Peru. Unlike PYUSD, PEN's value fluctuates based on economic factors such as inflation, interest rates, and geopolitical events. It's used for all transactions within Peru and doesn't operate on a blockchain platform. While PYUSD aims to enable fast and efficient money movement globally, PEN is primarily used within Peru's borders.
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PYUSD to Peruvian Sol conversion tables
The exchange rate of PayPal USD is decreasing.
The current value of 1 PYUSD is PEN 3.71 PEN. In other words, to buy 5 PayPal USD, it would cost you PEN 18.57 PEN. Inversely, PEN 1.00 PEN would allow you to trade for 0.27 PYUSD while PEN 50.00 PEN would convert to 13.46 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 Peruvian Sol was PEN 3.73 PEN and the lowest 24 hour value was 1 PYUSD for PEN 3.71 PEN. This time last month, the value of 1 PYUSD was PEN 3.79 PEN, which is a 0.06% increase from where it is now. Looking back a year, PayPal USD has changed by PEN 3.69 PEN. That means that in a single year, the value of PayPal USD has shrank by 0%.
PYUSD to PEN performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
PEN 3.72 PEN | -0.06% | PEN 3.73 PEN | -0.01% | PEN 3.79 PEN | -0.06% | PEN 3.69 PEN | -0.00% |
PYUSD to PEN
Amount | Today at 3:54 am |
|---|---|
0.5 PYUSD | PEN 1.86 |
1 PYUSD | PEN 3.71 |
5 PYUSD | PEN 18.57 |
10 PYUSD | PEN 37.15 |
50 PYUSD | PEN 185.74 |
100 PYUSD | PEN 371.48 |
500 PYUSD | PEN 1,857.40 |
1,000 PYUSD | PEN 3,714.79 |
PEN to PYUSD
Amount | Today at 3:54 am |
|---|---|
0.5 PEN | 0.13 PYUSD |
1 PEN | 0.27 PYUSD |
5 PEN | 1.35 PYUSD |
10 PEN | 2.69 PYUSD |
50 PEN | 13.46 PYUSD |
100 PEN | 26.92 PYUSD |
500 PEN | 134.60 PYUSD |
1,000 PEN | 269.19 PYUSD |
Today vs. 24 hours ago
Amount | Today at 3:54 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 PYUSD | PEN 1.86 | PEN 1.86 | -0.06% |
1 PYUSD | PEN 3.71 | PEN 3.72 | -0.06% |
5 PYUSD | PEN 18.57 | PEN 18.59 | -0.06% |
10 PYUSD | PEN 37.15 | PEN 37.17 | -0.06% |
50 PYUSD | PEN 185.74 | PEN 185.85 | -0.06% |
100 PYUSD | PEN 371.48 | PEN 371.71 | -0.06% |
500 PYUSD | PEN 1,857.40 | PEN 1,858.53 | -0.06% |
1,000 PYUSD | PEN 3,714.79 | PEN 3,717.06 | -0.06% |
Today vs. 1 month ago
Amount | Today at 3:54 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 PYUSD | PEN 1.86 | PEN 1.86 | -0.06% |
1 PYUSD | PEN 3.71 | PEN 3.72 | -0.06% |
5 PYUSD | PEN 18.57 | PEN 18.59 | -0.06% |
10 PYUSD | PEN 37.15 | PEN 37.17 | -0.06% |
50 PYUSD | PEN 185.74 | PEN 185.85 | -0.06% |
100 PYUSD | PEN 371.48 | PEN 371.70 | -0.06% |
500 PYUSD | PEN 1,857.40 | PEN 1,858.52 | -0.06% |
1,000 PYUSD | PEN 3,714.79 | PEN 3,717.04 | -0.06% |
Today vs. 1 year ago
Amount | Today at 3:54 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 PYUSD | PEN 1.86 | PEN 1.86 | 0.00% |
1 PYUSD | PEN 3.71 | PEN 3.71 | 0.00% |
5 PYUSD | PEN 18.57 | PEN 18.57 | 0.00% |
10 PYUSD | PEN 37.15 | PEN 37.15 | 0.00% |
50 PYUSD | PEN 185.74 | PEN 185.75 | 0.00% |
100 PYUSD | PEN 371.48 | PEN 371.50 | 0.00% |
500 PYUSD | PEN 1,857.40 | PEN 1,857.48 | 0.00% |
1,000 PYUSD | PEN 3,714.79 | PEN 3,714.96 | 0.00% |
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