PYUSD
PayPal USDFiat-backedPayPal's regulated US dollar stablecoin
Official Overview
PayPal USD (PYUSD) is a US dollar-backed stablecoin issued by Paxos Trust Company and distributed by PayPal. Launched in August 2023, PYUSD is fully backed by US dollar deposits, short-term Treasuries, and similar cash equivalents. Regulated by the New York Department of Financial Services (NYDFS), PYUSD can be used for payments within PayPal's ecosystem of over 400 million users. It represents one of the most significant moves by a traditional fintech giant into the stablecoin space.
Market Activity · 12 Months
Price stability · Issuance growth · On-chain mint / burn events
Peg Target
$1.0000
Current Issuance
$3.91B
circulating supply
12-Month Growth
+410.3%
vs 12 months ago
Peak Issuance
$4.21B
12-month high
Max Peg Deviation
0.253%
from $1.00
12-Month Net Flow
+$5.99B
Total Minted
−$2.85B
Total Redeemed
Issuance Growth Curve
Circulating supply over 12 months
+410.3% in 12 months
Mint & Burn Events — Latest 10
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Type
Date
Chain
Amount
Total Supply
Peg
Scanning on-chain events…
Querying Ethereum
Estimated from CoinGecko market cap · Top 25% by daily change · Newest first
Contract Addresses
Always verify the contract address before transacting. Official addresses only.
Supported Chains
Ethereum
Primary ERC-20 issuance
Solana
Expanding PayPal payments
Where to Get PYUSD
ArgusMark recommended platforms — vetted for compliance, liquidity, and security.
Technical Details
Peg MechanismFiat-backed — 100% backed by USD deposits and US Treasury securities held by Paxos Trust Company.
Reserve InfoMonthly attestations by WithumSmith+Brown. Full reserve breakdown published publicly.
Audit StatusRegulated by NYDFS. Monthly reserve attestations by WithumSmith+Brown PC.
ArgusMark provides informational analysis only. This is not financial advice. Always conduct independent research before transacting with any stablecoin. Ratings reflect our Observer Network assessment and may not reflect all risks.