Introducing the new cryptocurrency, PayPal USD (PYUSD).1 It’s a stablecoin backed by secure and highly liquid assets. As PYUSD rolls out, you’ll be able to buy, sell, hold, and transfer it in our app or on our site.
Looking to partner with us to expand PYUSD? Send us an email at: [email protected].
Stablecoin simplified
Backed by reserves
PayPal USD is designed to maintain a stable $1 USD value. It’s backed by dollar deposits, US treasuries, and cash equivalents.
Easy in, easy out
Buy, sell, hold, and transfer PayPal USD in our app or on our site.2 Send it to friends in the US on PayPal without fees. Or send to Ethereum and Solana wallet addresses that accept PYUSD in just a few steps. Network fees may apply.
Checkout and more
Check out with crypto and we’ll sell your PayPal USD so you can pay for your items. Plus, you can use our convert feature to buy the other cryptos we support. Fees apply.2
Buy and sell PayPal USD in the app or on our site.
Convert
Use the convert feature to buy the other cryptos we support. Fees apply.2
Pay
Check out with crypto at millions of online stores. We’ll sell your PayPal USD so you can pay for your items.
Send and receive
Send PayPal USD to friends in the US on PayPal without fees. Plus, you can transfer to Ethereum and Solana wallet addresses that accept PYUSD in just a few steps.2
Open and programmable
Developers can use PayPal USD as the payments layer to build new services and products on public blockchains. PYUSD is initially built on Ethereum and Solana blockchains built for programmability, and compatible with the most widely used exchanges, wallets, and dApps.
PayPal Payouts are a fast, convenient way for businesses to send money to multiple people simultaneously. You can specify the recipients using their email address, domestic mobile number, or payer ID (a unique identifier assigned to every PayPal account). Recipients can receive the money in a PayPal account.
https://www.paypal.com › us › cshelp › article › what-is-the-p...
USD is a stablecoin, a type of cryptocurrency backed by US dollar deposits, US treasuries, and similar cash equivalents. You can buy and sell 1 PYUSD for 1 USD on PayPal.
PayPal has its own branded stablecoin, PayPal USD1 (or PYUSD), backed by secure and highly liquid assets. People can use the PayPal app or website to buy, sell, hold, and transfer PYUSD2, along with other cryptocurrencies. PYUSD is designed to maintain a $1 USD value.
The live price of PayPal USD is $ 0.999638 per (PYUSD / USD) with a current market cap of $ 586.90M USD. 24-hour trading volume is $ 9.21M USD. PYUSD to USD price is updated in real-time. PayPal USD is -0.05% in the last 24 hours with a circulating supply of 587.11M.
Developers can use PayPal USD as the payments layer to build new services and products on public blockchains. PYUSD is initially built on Ethereum and Solana blockchains built for programmability, and compatible with the most widely used exchanges, wallets, and dApps.
Curious about crypto? Get confident with the app. Use the app to buy, transfer, and sell cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and the new PayPal stablecoin, PayPal USD (PYUSD).
You can buy or sell PayPal USD on PayPal, using your US PayPal balance, or a PayPal-linked debit card or bank account. You can send it to friends and family in the US on PayPal without fees. Plus, you can send it outside PayPal to Ethereum and Solana wallet addresses that support PYUSD.
Should you invest? The short answer is you can't “invest” in any stablecoin, because they're designed to hold their value against the U.S. dollar. (You may as well just hold dollars.) Also, PayPal doesn't pay interest.
Proceeds from the sale of Cryptocurrencies will be deposited in USD in your PayPal balance. The funds can then be used to make purchases and transferred or deposited into any PayPal-linked debit card or bank account.
Cryptocurrency purchases are protected in the event unauthorized activity takes place. If you suspect fraudulent activity on your account, please report it immediately.
There are no fees for holding cryptocurrencies in your PayPal wallet or when moving them to other users on the platform. However, users will face a sizable transaction fee when selling crypto outside PayPal or using it as currency for a purchase.
Technical analysis showed that PayPal USD is expected to range between $0.219846 and $1.22, with the average price of $0.9993 in 2024. That being said, if you buy PayPal USD at the current price of $1.00, the potential ROI for you in 2024 is +0%.
PayPal's crypto purchasing service is temporarily paused while we update our system to comply with new UK regulations. You can continue to hold your crypto, or you may sell if you choose.
Send and receive Crypto to and from eligible confirmed personal PayPal accounts in the U.S. and U.S. Territories (excluding Hawaii.) Buy, hold, and sell Crypto. Through checkout with Crypto you can sell Crypto and use the proceeds to pay for purchases through your PayPal account.
Cryptocurrency purchases are protected in the event unauthorized activity takes place. If you suspect fraudulent activity on your account, please report it immediately.
Today PayPal announced the availability of its PYUSD stablecoin on the Solana blockchain after launching on Ethereum last year. The announcement is unsurprising as Paxos Trust is the issuer of the stablecoin and it launched its own USDP stablecoin on Solana in January.
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