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 · 12M
Peg Target
$1.0000
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Contract Addresses
Always verify the contract address before transacting. Official addresses only.
Supported Chains
Ethereum
Solana
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.