What is Palm USD?

Symbol: PUSD · Market cap rank: #285

Short answer

Palm USD (PUSD) is a cryptocurrency currently ranked #285 by market capitalisation. It is classified as Stablecoin.

Source: isthiscoinascam.com

Overview

Palm USD is a stablecoin project designed to provide a digital dollar infrastructure. It is fully backed by reserves in Saudi Riyal (SAR) and UAE Dirham (AED), which are currencies pegged to the US dollar.

The project primarily targets enterprises, financial institutions, and sovereign entities, positioning itself as a Shariah-compliant digital asset. Its intended use cases include global commerce, cross-border settlement, and treasury management, emphasizing security and compliance standards.

Launched: 2025

Headquarters: Riyadh, Saudi Arabia

Scam-risk analysis

Palm USD has a high score, indicating low scam risk based on the available data. Is Palm USD a scam?

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