PayPal USD

PayPal USD
PYUSD
Contract address
0x6c3e...23a0e8
Copy PYUSD contract address
$0.9997
$0.00000381(+0.00%)Today
Market cap
2.84bn
Total volume (24h)
59.47m
Volume / Market cap
0.0209
Circulating supply
2.84bn
Day range (24h)
$0.9995$0.9998
All-time low
$0.9594
All-time high
$1.08

About PayPal USD (PYUSD)

PayPal USD (PYUSD), aka PYUSD, is a fiat-backed stablecoin designed to maintain a value of 1 US dollar. PYUSD offers a way to transact and store value in stable digital currency. It is issued and redeemed by Paxos Trust, a regulated entity, in partnership with PayPal.

Stablecoins are usually pegged to a traditional asset like the US dollar or the Euro. Cryptocurrencies, like Bitcoin or Ethereum, can change in price significantly. However, a stablecoin aims to stay affixed in value. One stablecoin typically equals one unit of the asset it represents. For example, $1 US dollar equals 1 PYUSD.

Stablecoins like PYUSD are widely used for payments, savings, as store of value, and as a stable medium of exchange and bridge between traditional finance (TradFi) and decentralized finance (DeFi). You can use PYUSD to trade and transact digital currencies, as well as participate in blockchain networks such as Ethereum and others that support ERC-20 tokens. PYUSD is an ERC-20 token, which means it is compatible with the Ethereum Virtual Machine (EVM). Its value is maintained through full fiat backing and regular attestations, rather than decentralized mechanisms or algorithmic collateral.

PYUSD is beneficial for crypto networks because it increases accessibility, liquidity, and interoperability. With PYUSD, users can transact with a dollar-backed price-stable asset across different blockchains.

You can redeem PYUSD for other assets through centralized or decentralized exchanges (CEXs or DEXs), or by converting directly with supported platforms, subject to their procedures for USD redemption. Today, PYUSD is recognized as a widely used US dollar-backed stablecoin, trusted for payments, trading, DeFi, and more.

Token type: Stablecoin

Price history

Today (13 July 2026)$0.9997+0.00%
24 hours ago (12 July 2026)$0.9997+0.00%
1 week ago (6 July 2026)$0.9997-0.01%
1 month ago (13 June 2026)$0.9998-0.02%
1 year ago (13 July 2025)$0.9996+0.00%

Calculator

PYUSD market moves

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24h change: +0.00%. From $0.9997 to $0.9997.

  • PayPal enabled native issuance of PYUSD on the Polygon network via Paxos on July 9. The stablecoin integrates directly into Polygon's Open Money Stack, letting businesses use existing wallets, fiat ramps, compliance tools and payment infrastructure for cross-border transfers and settlements. Polygon has processed over 2.6 trillion dollars in stablecoin volume. This reduces bridging needs and positions PYUSD for greater use in enterprise payments and remittances while maintaining its regulatory compliance through Paxos.
  • On-chain data indicates PYUSD has high borrow utilization relative to its market capitalization compared with other major stablecoins. Lending yields on platforms like Aave V3 Ethereum recently showed PYUSD offering around 2.8 percent APY. This activity occurs alongside PYUSD's broader ecosystem growth including multi-chain expansions and PayPal's reward offerings in supported markets. It highlights how regulated stablecoins are seeing increased use in decentralized finance for borrowing and yield generation.
  • PYUSD trades at approximately 0.9996 dollars with only minor daily changes of 0.01 percent or less. Its market capitalization sits near 2.85 billion dollars and 24-hour trading volume has ranged from 25 to 50 million dollars recently. The stablecoin has demonstrated consistent peg stability since launch with all-time high around 1.08 dollars and low near 0.96 dollars. This performance supports its role in payments and DeFi as PayPal expands availability.

24h change: -0.00%. From $0.9998 to $0.9997.

  • PayPal partnered with Paxos to issue PYUSD directly on the Polygon blockchain instead of relying on bridges. Businesses can now use it via Polygon's Open Money Stack for payments, cross-border transfers, settlements and fiat conversions in one integrated compliant system. Polygon has settled over 2.6 trillion dollars in stablecoin volume with users including Revolut and Stripe. The expansion increases PYUSD utility for real-world commerce and helps it compete in the growing regulated stablecoin space.
  • PayPal rolled out PYUSD to users across 70 markets in March allowing millions of consumers and merchants to access the stablecoin directly in their accounts. It supports faster settlement lower costs and stable value for global commerce compared to traditional methods. Availability includes regions in Asia-Pacific Europe Latin America and North America with more markets added over time. This global push complements chain expansions like the recent Polygon integration to drive everyday utility.

24h change: +0.00%. From $0.9997 to $0.9998.

  • PayPal has issued PYUSD directly on the Polygon blockchain via Paxos, integrating it into the network's Open Money Stack. This removes reliance on bridged tokens and enables businesses to use the stablecoin for cross-border payments, payroll, and settlements with reduced costs and faster finality. The move builds on Polygon's existing high stablecoin transaction volume and prior examples of efficient transfers. It highlights efforts to embed regulated stablecoins into everyday financial rails used by companies like Stripe and Revolut.
  • In March 2026 PayPal rolled out PYUSD directly in user accounts across 70 markets worldwide. Users in regions including parts of Asia-Pacific, Europe, Latin America, and North America can now buy, hold, send, and receive the stablecoin. This global expansion supports lower-cost commerce and stable purchasing power compared to traditional methods. It contributes to broader adoption of regulated stablecoins for remittances and payments.

24h change: -0.00%. From $0.9998 to $0.9998.

  • PayPal has enabled native issuance of its PYUSD stablecoin on Polygon through issuer Paxos. The integration aims to boost adoption by allowing businesses to handle inflows, cross-border transfers, and outflows in a single compliant process. Polygon has settled over $2.6 trillion in stablecoin transactions overall, with users including Revolut and Stripe. Paxos noted that this places a federally regulated, OCC-supervised stablecoin on a leading payments network.
  • Adjusted stablecoin transaction volume reached a record $1.79 trillion in June 2026 according to Visa data. PYUSD processed $2.42 billion, securing third place behind larger tokens. This reflects growing real-world usage of PayPal's regulated stablecoin even as it remains smaller than USDT and USDC by market cap. The figures highlight expanding stablecoin infrastructure for payments.
  • PYUSD market capitalization rose 4.25% to approximately $2.84 billion in early July while the overall stablecoin market fell by $1.9 billion. It was the top gainer among the 15 largest stablecoins as capital shifted toward regulated options. The token has shown consistent peg stability near $1 since launch. Supply has grown significantly over the past year alongside global expansion efforts.

24h change: -0.00%. From $0.9998 to $0.9998.

  • PayPal and Polygon announced native issuance of PYUSD on the Polygon network by Paxos Trust Company. The stablecoin integrates with Polygon's Open Money Stack, enabling businesses to handle payments, cross-border transfers, and fiat conversions using existing wallets, ramps, and compliance tools without additional providers. Polygon has settled over 2.6 trillion dollars in stablecoin volume. Executives highlighted improved utility, regulatory oversight by the OCC, and potential for greater adoption in payments.
  • Stablecoin transaction volume hit a record 1.79 trillion dollars in June 2026 according to Visa data, with PYUSD processing 2.42 billion dollars and ranking third. In the week ending July 5, PYUSD market capitalization rose 4.25 percent to roughly 2.84 billion dollars while the broader stablecoin market declined by 1.9 billion dollars. Supply has contracted from a March 2026 peak near 4.2 billion dollars but shows sustained demand tied to PayPal integrations.

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