Convert and Swap PayPal USD PYUSD to United States Dollar USD
PYUSD/USD: 1 PayPal USD equals $1.00 USD
Last update: 12:07 PM, December 22, 2024
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PayPal USD is falling this week.
The current price of PayPal USD is $1.00 per PYUSD. With a circulating supply of 530,596,771.201 PYUSD, it means that PayPal USD has a total market cap of $530,567,983.58. The amount of PayPal USD traded has fallen by $2,001,944.76 in the last 24 hours, which is a 20.81% decrease. Additionally, in the last day, $9,621,484.53 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 United States Dollar differ
PayPal USD (PYUSD) and the US Dollar (USD) are both tied to the value of the American dollar, but they operate in fundamentally different realms. PYUSD is a stablecoin, a type of digital currency issued by Paxos and operating on the Ethereum blockchain. It aims to maintain a stable value over time, relative to the USD, and is fully backed by U.S. dollar deposits, U.S. treasuries, and cash equivalents. This ensures that each PYUSD token is equivalent to 1 USD. PYUSD's programmability allows it to be integrated into public blockchains, bridging the traditional economy and Web3. On the other hand, the USD is a traditional fiat currency, issued and regulated by the U.S. government, and used as the standard form of payment in the United States. Unlike PYUSD, the USD operates within the traditional banking system and is not programmable or integrated into blockchain technology. PYUSD, with its potential for inclusive, broad access to the financial system and fast, efficient money movement, represents a new frontier in digital assets, while the USD remains a cornerstone of the global economy.
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PYUSD to United States Dollar conversion tables
The exchange rate of PayPal USD is decreasing.
The current value of 1 PYUSD is $1.00 USD. In other words, to buy 5 PayPal USD, it would cost you $5.00 USD. Inversely, $1.00 USD would allow you to trade for 1.00 PYUSD while $50.00 USD would convert to 50.02 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 0.02%, and that the the highest exchange rate of 1 PYUSD to United States Dollar was $1.00 USD and the lowest 24 hour value was 1 PYUSD for $1.00 USD. This time last month, the value of 1 PYUSD was $1.00 USD, which is a 0.03% increase from where it is now. Looking back a year, PayPal USD has changed by $1.00 USD.
PYUSD to USD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
$1.00 USD | -0.02% | $1.00 USD | -0.01% | $1.00 USD | -0.03% | $1.00 USD | 0.03% |
PYUSD to USD
Amount | Today at 12:07 pm |
|---|---|
0.5 PYUSD | $0.50 |
1 PYUSD | $1.00 |
5 PYUSD | $5.00 |
10 PYUSD | $10.00 |
50 PYUSD | $49.98 |
100 PYUSD | $99.95 |
500 PYUSD | $499.77 |
1,000 PYUSD | $999.55 |
USD to PYUSD
Amount | Today at 12:07 pm |
|---|---|
0.5 USD | 0.50 PYUSD |
1 USD | 1.00 PYUSD |
5 USD | 5.00 PYUSD |
10 USD | 10.00 PYUSD |
50 USD | 50.02 PYUSD |
100 USD | 100.05 PYUSD |
500 USD | 500.23 PYUSD |
1,000 USD | 1,000.46 PYUSD |
Today vs. 24 hours ago
Amount | Today at 12:07 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 PYUSD | $0.50 | $0.50 | -0.02% |
1 PYUSD | $1.00 | $1.00 | -0.02% |
5 PYUSD | $5.00 | $5.00 | -0.02% |
10 PYUSD | $10.00 | $10.00 | -0.02% |
50 PYUSD | $49.98 | $49.99 | -0.02% |
100 PYUSD | $99.95 | $99.98 | -0.02% |
500 PYUSD | $499.77 | $499.88 | -0.02% |
1,000 PYUSD | $999.55 | $999.76 | -0.02% |
Today vs. 1 month ago
Amount | Today at 12:07 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 PYUSD | $0.50 | $0.50 | -0.04% |
1 PYUSD | $1.00 | $1.00 | -0.04% |
5 PYUSD | $5.00 | $5.00 | -0.04% |
10 PYUSD | $10.00 | $10.00 | -0.04% |
50 PYUSD | $49.98 | $50.00 | -0.04% |
100 PYUSD | $99.95 | $99.99 | -0.04% |
500 PYUSD | $499.77 | $499.96 | -0.04% |
1,000 PYUSD | $999.55 | $999.91 | -0.04% |
Today vs. 1 year ago
Amount | Today at 12:07 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 PYUSD | $0.50 | $0.50 | -0.02% |
1 PYUSD | $1.00 | $1.00 | -0.02% |
5 PYUSD | $5.00 | $5.00 | -0.02% |
10 PYUSD | $10.00 | $10.00 | -0.02% |
50 PYUSD | $49.98 | $49.99 | -0.02% |
100 PYUSD | $99.95 | $99.97 | -0.02% |
500 PYUSD | $499.77 | $499.85 | -0.02% |
1,000 PYUSD | $999.55 | $999.70 | -0.02% |
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