PayPal USD Price (PYUSD)

PayPal USD (PYUSD) is a stablecoin, a type of cryptocurrency that strives to maintain a steady value over time relative to a reference asset, in this case, the U.S. dollar. PYUSD is fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and similar cash equivalents. This means that each PYUSD token aims to be redeemable 1:1 for U.S. dollars. The issuance and custody of PayPal USD is performed by Paxos Trust Company, a regulated financial institution. PYUSD is designed to contribute to the potential that stablecoins offer for payments, providing inclusive, broad access to the financial system, and enabling fast and efficient money movement.

PayPal USD operates as a stablecoin, meaning it strives to maintain a stable value relative to the U.S. dollar. This is achieved by backing each PYUSD token with U.S. dollar deposits, short-term U.S. Treasuries, and similar cash equivalents. Users have the ability to acquire, hold, and transfer PayPal USD within the PayPal app or on the PayPal site. Additionally, PYUSD can be sent to friends in the U.S. on PayPal without fees, or to wallet addresses that accept PYUSD. Users can also use PYUSD to facilitate purchases by selecting it at checkout, and convert any of PayPal's supported cryptocurrencies to and from PayPal USD.

PayPal USD seeks to provide a digital currency that can be built into public blockchains, linking the traditional economy and Web3. This makes it a useful tool for developers who aim to use PayPal USD as the payments layer to build new services and products on public blockchains. PYUSD is initially built on a blockchain known for its programmability, and is compatible with various exchanges, wallets, and dApps. Furthermore, PYUSD can be used for person-to-person payments, facilitating purchases, and converting to and from other supported cryptocurrencies.

PayPal USD was introduced as a new cryptocurrency on August 7, 2023. It was designed to contribute to the potential that stablecoins offer for payments and is fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and similar cash equivalents. The issuance and custody of PayPal USD is performed by Paxos Trust Company. Since its introduction, PayPal USD has been made available to eligible U.S. PayPal customers, allowing them to transfer PYUSD between PayPal and compatible external wallets, send person-to-person payments using PYUSD, facilitate purchases with PYUSD, and convert any of PayPal's supported cryptocurrencies to and from PayPal USD.

We update our PayPal USD to USD currency in real-time. Get the live price of PayPal USD on Coinbase.

The current market cap of PayPal USD is $530.45M. A high market cap implies that the asset is highly valued by the market.

The all-time high of PayPal USD is $236,493.17. This all-time high is highest price paid for PayPal USD since it was launched.

Over the last 24 hours, the trading volume of PayPal USD is $10.46M.

Assets that have a similar market cap to PayPal USD include Tellor, Helium Mobile, EthereumPoW, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of PayPal USD is 531 million.

The median time that Coinbase customers hold PayPal USD before selling it or sending it to another account or address is 1 days.

PayPal USD ranks 279 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 82% of Coinbase users are buying PayPal USD. In other words, 82% of Coinbase customers have increased their net position in PayPal USD over the past 24 hours through trading.

Yes, PayPal USD is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy PayPal USD guide.