PayPal USD

24h change: -0.03%. From $0.9998 to $0.9995.

• PayPal, M0, and MoonPay launched PYUSDx in September 2026. The platform lets businesses issue application-specific stablecoins backed one-to-one by PYUSD reserves held by regulated entities. Initial partners Saturn, Concrete, and Cap have driven more than $100 million in processed volume. This extends PYUSD from payments into infrastructure for lending, credit, and other on-chain products while Paxos continues to issue the underlying stablecoin with transparent reserves.
• Stable CEO Brian Meller announced at Korea Blockchain Week that PYUSD will launch natively on Stable Chain starting October 8, 2026. The integration uses direct issuance rather than bridged tokens and leverages LayerZero for interoperability. It aligns with Stable's focus on real-world payments infrastructure connected to traditional banking via Visa Direct. Paxos will issue the PYUSD on the chain.
• PayPal broadened PYUSD access to eligible users in 70 markets for buying, holding, sending, and converting to local currency. South Korean exchanges Bithumb and Upbit listed PYUSD with KRW trading pairs in late September. Industry participants are discussing liquidity safeguards for stablecoins following price deviations on local platforms. These steps support cheaper cross-border transfers and wider adoption.

24h change: +0.01%. From $0.9998 to $1.00.

• PayPal, in partnership with M0 and MoonPay, launched PYUSDx in September 2026. The platform enables businesses to issue application-specific stablecoins backed one-to-one by PYUSD reserves held by regulated entities. Initial partners Saturn, Concrete, and Cap have processed more than 100 million dollars in combined volume. This extends PYUSD's utility from payments toward infrastructure for lending, credit, and other onchain use cases.
• In late September 2026, PayPal broadened access to PYUSD for eligible users across 70 markets. Users can now buy, hold, send, receive, and transfer PYUSD to external wallets or convert to local currency where permitted. The expansion aims to support cheaper cross-border transfers and faster merchant settlements. Additional markets are expected to gain access in following weeks.
• Stable CEO Brian Meller announced at Korea Blockchain Week 2026 that PYUSD will be introduced natively on Stable Chain starting October 8. The integration will allow direct issuance and circulation on the chain rather than bridged transfers. It leverages LayerZero for cross-chain interoperability and aligns with Stable's focus on real-world payment infrastructure connected to traditional banking via Visa Direct.

24h change: -0.02%. From $1.00 to $0.9999.

• PayPal, in partnership with M0 and MoonPay, launched PYUSDx in September 2026. The platform enables businesses to quickly issue application-specific stablecoins backed one-to-one by PYUSD reserves held by regulated entities. Launch partners Saturn, Concrete, and Cap have already driven more than $100 million in combined processed volume. This extends PYUSD's role from payments to broader onchain infrastructure for lending, credit, and other use cases while preserving Paxos-issued reserve transparency.
• PayPal broadened PYUSD access to users in 70 markets beyond the initial US and UK footprint earlier in 2026. Eligible users can now buy, hold, send, receive, and transfer PYUSD to external wallets or convert to local currency. The move supports cheaper cross-border transfers, faster merchant settlement, and yield opportunities in many regions. Supply has grown significantly since launch, positioning PYUSD as a notable USD stablecoin with regulatory backing from Paxos.
• Ripple's RLUSD has grown closer to PYUSD in circulating supply, reaching around $2.5 billion while PYUSD holds near $2.7-2.9 billion. This reflects intensifying competition among regulated USD stablecoins for payments and onchain use. PYUSD maintains its position through PayPal's distribution network and PYUSDx extensibility. Both tokens benefit from institutional and retail adoption trends in a maturing stablecoin market exceeding $300 billion total capitalization.

24h change: -0.00%. From $0.9999 to $0.9999.

• PayPal, M0, and MoonPay launched PYUSDx on September 9, 2026. The platform allows businesses to create and issue application-specific stablecoins fully backed by PYUSD reserves. Launch partners Saturn, Concrete, and Cap have collectively processed more than 100 million dollars, demonstrating initial demand for extensible stablecoin infrastructure. This positions PYUSD beyond direct payments toward broader onchain financial tooling.
• PYUSD supply declined approximately 31 percent from its March 2026 peak of 4.2 billion dollars to around 2.7-2.8 billion dollars in Q2. This occurred alongside broader market shifts toward USDT and USDC and the tapering of incentive programs. Recent posts note RLUSD narrowing the gap with PYUSD. The stablecoin continues to maintain its peg throughout these changes.
• PayPal extended PYUSD availability to users in 70 markets globally earlier in 2026, enabling faster cross-border transfers and yield opportunities in many regions. Native issuance arrived on Polygon, removing reliance on bridges, while Upbit listed PYUSD in mid-September. These moves broaden accessibility and liquidity while Paxos maintains regulatory oversight of reserves in dollars and Treasuries.

24h change: +0.00%. From $0.9999 to $0.9999.

• PayPal partnered with M0 and MoonPay to launch PYUSDx on September 9, 2026. The platform lets any business create application-specific stablecoins fully backed one-to-one by PYUSD reserves held by regulated entities. Initial participants Saturn, Concrete, and Cap have processed over $100 million collectively. This extends PYUSD beyond consumer payments to serve as infrastructure for credit, lending, and other onchain products while maintaining regulatory compliance.
• PYUSD and other stablecoins like JPYC and EURC experienced significant peg deviations on Upbit and Bithumb. Industry participants are calling for designated liquidity providers and price control mechanisms. A related bill review is scheduled for November. This reflects growing regulatory attention as stablecoin trading volumes increase in Asian markets.
• In March 2026 PayPal made PYUSD available to users in 70 markets beyond the initial US and UK footprint. Users in many regions can now buy, hold, send, receive, and earn rewards on PYUSD. Circulating supply peaked near $4.2 billion earlier in 2026 before contracting and showing recent modest growth. The stablecoin maintains its dollar peg across Ethereum, Solana, and other chains.