What is PayPal USD (PYUSD)? (2024)

FAQs

What is PayPal USD/PYUSD? ›

PayPal USD (PYUSD)¹ is a stablecoin backed by secure and highly liquid assets. Buy, sell, hold, and transfer it in our app or on our site. Get Started. Looking to partner with us to expand PYUSD? Send us an email at: [email protected].

Using PYUSD on PayPal

Select “Buy” and select PayPal USD (PYUSD). Enter a dollar amount, click “Buy,” and your USD will be exchanged 1:1 for an equivalent amount of PYUSD and deposited to your wallet. With the PYUSD in your wallet, you can now: Send your PYUSD to another eligible PayPal or Venmo user.

Convert PayPal USD to United States Dollar

1 PYUSD equals 1.00 USD. The current value of 1 PayPal USD is -0.14% against the exchange rate to USD in the last 24 hours.

PYUSD is US dollar-denominated, easily redeemable, and transparent stable cryptocurrency. It's also fully backed by US dollar deposits, US treasuries, and similar cash equivalents.

When you confirm your debit or credit card, we'll make a small charge to your card. This charge and a 4-digit PayPal code will appear on your card statement within 2-3 business days. If you request the PayPal code more than once, you'll find more than 1 charge on your card statement.

What can I do with PayPal USD? 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.

PYUSD is issued by Paxos Trust Company, a fully chartered, limited purpose trust company regulated by the New York State Department of Financial Services (NYDFS) . PYUSD is 100% backed by high-quality liquid assets and is redeemable 1:1 via PayPal with the US dollar.

Stablecoins like PayPal USD don't make much sense as an investment because they aren't meant to increase in value. They only operate as a store of value, since one PYUSD should always equal one dollar.

Zengo is a non-custodial Web3-ready crypto wallet that allows you to securely buy, hold, trade, send, and receive PYUSD.

The live PayPal USD price today is $0.999558 USD with a 24-hour trading volume of $33,670,899 USD. We update our PYUSD to USD price in real-time. PayPal USD is down 0.01% in the last 24 hours. The current CoinMarketCap ranking is #77, with a live market cap of $771,742,854 USD.

Which exchange supports pyusd? ›

PayPal USD is available on Ethereum and Solana.

PayPal USD (PYUSD) is a US dollar–pegged stablecoin from PayPal, designed for digital payments and Web3 environments. It aims to connect fiat and digital currencies, potentially transforming global payments through PayPal's extensive merchant network.

PYUSD can be transferred between PayPal and exchanges that support it. PYUSD can also be sent to most Ethereum addresses in wallets that support ERC-20 tokens and most Solana addresses in wallets that support SPL tokens.

With PayPal you can:

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.

PayPal USD Price Live Data

The live PayPal USD price today is $0.999822 USD with a 24-hour trading volume of $30,413,949 USD. Add PayPal USD to your watchlist.

PayPal is an account-based system that allows people to send online payments to anyone with an email address or mobile number. If you received an email from us, someone may have sent a payment to you. You can accept the payment by clicking Sign Up on any PayPal web page.

When you add or edit any card in your PayPal account, we'll charge the card up to $1 USD to verify that this card is available for online payments. The charge will appear in your PayPal account activity. We don't collect the charge, so it'll show as “pending” until we've verified your card.