What is PayPal USD?

Symbol: PYUSD · Market cap rank: #33

Short answer

PayPal USD (PYUSD) is a cryptocurrency currently ranked #33 by market capitalisation. It is classified as Stablecoin.

Source: isthiscoinascam.com

Overview

PayPal USD is a stablecoin that aims to facilitate payments and is fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and other cash equivalents. It is designed for stability and liquidity in transactions.

It is redeemable at a rate of 1:1 for U.S. dollars and is issued by Paxos Trust Company. The token’s architecture aligns with traditional financial assets to ensure its value remains consistent with the U.S. dollar.

Launched: 2023

Headquarters: San Jose, California, USA

Scam-risk analysis

PayPal USD is rated A on isthiscoinascam.com. Is PayPal USD a scam?

See the full report

Live price, holders, audits and the complete scam-risk breakdown.

Open the full PayPal USD report →