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PayPal USD (PYUSD)
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Primary Markets (0 Active) - Total Market Volume: ~$0
Liquidity Pools (0 Active) - Total Pool Liquidity: ~$0
About
About PayPal USD
Introducing the new cryptocurrency, PayPal USD (PYUSD). It’s a stablecoin backed by secure and highly liquid assets.
PayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents. PayPal USD is redeemable 1:1 for U.S. dollars and is issued by Paxos Trust Company.
Starting August 7, 2023, and rolling out in the coming weeks, eligible U.S. PayPal customers who purchase PayPal USD will be able to:
Transfer PayPal USD between PayPal and compatible external wallets
Send person-to-person payments using PYUSD
Fund purchases with PayPal USD by selecting it at checkout
Convert any of PayPal's supported cryptocurrencies to and from PayPal USD
For more information, visit https://www.paypal.com/pyusd
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