PayPal USD (PYUSD) is a U.S. dollar-pegged stablecoin issued by Paxos Trust Company under the PayPal brand. It is fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and comparable cash equivalents, and can be redeemed on a one-to-one basis for U.S. dollars. PYUSD is designed primarily for use in payments, extending the role of stablecoins into everyday digital commerce within PayPal's network. The token operates across multiple blockchain environments, including Solana, Arbitrum, Ethereum, Starknet, and Stellar, giving it broad multi-chain reach. As a fiat-backed stablecoin, its value is intended to track the U.S. dollar, and it is issued under U.S. regulatory oversight through Paxos, placing it within the "Made in USA" category. Its listing on the Paxos ecosystem reflects the issuing infrastructure, while the diversity of supported chains highlights its design for cross-network settlement and payment use cases.
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PayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S.
PayPal USD (PYUSD) is categorised as: Stablecoins, USD Stablecoin, Solana Ecosystem.
The official PayPal USD site is https://www.paypal.com/us/digital-wallet/manage-money/crypto/pyusd.
Most recent PayPal USD coverage: "PayPal, Google: AI Agents Will Pay on Crypto Rails" — read at /en-US/a/paypal-and-google-tell-consensus-miami-agentic-commerce.
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