Paypal Usd

About Paypal Usd

PayPal USD (PYUSD) is a US dollar-backed stablecoin launched in 2023 by PayPal, one of the world's largest payments companies. Issued by Paxos Trust Company, it is fully backed by US dollar deposits, short-term US Treasuries, and similar cash equivalents, making it redeemable one-to-one for US dollars. PYUSD operates on the Ethereum blockchain and is designed to bridge traditional finance and digital payments. Its backing by a globally recognized payments brand gives it a distinct position among stablecoins, enabling seamless transfers within the PayPal and Venmo ecosystems.