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PayPal USD

PYUSDUSD pegStablecoin
Fiat-backed stableFiat reserve (1:1)
UnverifiedPart of Paxos
PayPal-branded dollar issued by Paxos on Ethereum, Solana and Arbitrum.

Historical peg variance

Tight peg

90-day series · source: DeFi Llama

$1.0000 peg

Chain distribution

Circulating supply by chain · updated 7d ago

DeFi Llama
Ethereum1.72B PYUSD62.4%
Solana729.0M PYUSD26.5%
Arbitrum219.7M PYUSD8.0%
Flow71.0M PYUSD2.6%
Polygon10.1M PYUSD0.4%
Sei6.5M PYUSD0.2%
Berachain217.0K PYUSD0.0%
Cardano199 PYUSD0.0%
Avalanche52 PYUSD0.0%
Tron23 PYUSD0.0%
Ink9 PYUSD0.0%
Plume Mainnet5 PYUSD0.0%
Codex2 PYUSD0.0%
Abstract1 PYUSD0.0%
Glue1 PYUSD0.0%
Stable1 PYUSD0.0%
Fraxtal0.1000 PYUSD0.0%

Metadata

Peg targetUSD
Sub-categoryStablecoin
IssuerView network
Chains—
Arbitrum nativeNo
LiveNo
Founded—

Links

WebsiteCoinGeckoContract (Arbiscan)

Issuance

Backing & mint/redeem mechanics per the issuer.

DeFi Llama
Peg mechanismFiat-backed

As PayPal USD rolls out, users will be able to buy, sell, hold, and transfer it in the PayPal app or on their site

Off-chain facts

  • Reserve CompositionUpdated periodically

    Fully reserved by U.S. dollar deposits, Treasuries and cash equivalents; issued by Paxos under its NYDFS trust charter with monthly Withum attestations.

    Paxos transparency
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