PayPal USD

PayPal USD
PYUSD
Contract address
0x6c3e...23a0e8
Copy PYUSD contract address
$0.9999
-$0.00000738(-0.00%)Today
Market cap
3.45B
Total volume (24h)
34.12M
Volume / Market cap
0.0099
Circulating supply
3.45B
Day range (24h)
$0.9996$1.00
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 (April 29, 2026)$0.9999-0.00%
24 hours ago (April 28, 2026)$0.9999-0.00%
1 week ago (April 22, 2026)$1.00-0.05%
1 month ago (March 30, 2026)$0.9998+0.01%
1 year ago (April 29, 2025)$1.00-0.01%

Calculator

PYUSD market moves

AI summary for information only. Not financial advice.


24h change: -0.03%. From $0.9999 to $0.9996.

  • PayPal expanded PYUSD availability to 70 markets, adding 68 countries beyond the US and UK. Users can now hold, send, and receive the dollar-backed stablecoin in their PayPal accounts for lower-cost transfers. This leverages PayPal's global reach to promote stablecoin adoption.
  • PYUSD's supply has grown to around $4 billion, with 91 percent concentrated in DeFi protocols like Kamino Finance and Drift on Solana. Holders earn high yields from PayPal-subsidized liquidity pools, shifting focus from payments to DeFi liquidity provision. This reflects market dynamics where stablecoins migrate to high-yield opportunities.
  • PYUSD recorded a 92.5 percent increase in 24-hour trading volume, ranking among top gainers. This follows recent supply growth and DeFi activity. Heightened interest aligns with stable market conditions for USD-pegged tokens.

24h change: -0.01%. From $0.9997 to $0.9997.

  • PayPal has introduced a 3.7% yield on PYUSD holdings through its reward program. This initiative aims to attract its 400 million users to stablecoins and crypto. It positions PYUSD competitively among dollar-pegged tokens by providing returns higher than traditional banks.
  • PayPal has made PYUSD available in 70 countries via PayPal accounts. Users can now buy, hold, send, and earn rewards on the stablecoin across regions including Asia-Pacific, Europe, and Latin America. This rollout enhances global accessibility for dollar-backed digital payments.

24h change: -0.02%. From $0.9998 to $0.9996.

  • PayPal has introduced a 3.7% yield on PYUSD holdings through its reward program. This initiative aims to attract its 400 million users to stablecoins and crypto. It positions PYUSD competitively among dollar-pegged tokens by providing returns higher than traditional banks.
  • PayPal has made PYUSD available in 70 countries via PayPal accounts. Users can now buy, hold, send, and earn rewards on the stablecoin across regions including Asia-Pacific, Europe, and Latin America. This rollout enhances global accessibility for dollar-backed digital payments.

24h change: +0.01%. From $0.9998 to $0.9999.

  • PayPal made its PYUSD stablecoin available to users across 70 markets via PayPal accounts. Eligible users can now buy, hold, send the stablecoin, and earn rewards. The expansion targets regions like Asia-Pacific, Europe, Latin America, the Middle East, and Africa to support faster cross-border payments.
  • PYUSD's supply on Ethereum recently closed above $3 billion, a milestone since its 2022 launch. About 80% of total PYUSD supply is on Ethereum and Arbitrum. This highlights scaling potential for payment-focused stablecoins on Ethereum.

24h change: -0.02%. From $1.00 to $0.9998.

  • PayPal USD has undergone significant burns, including 301 million tokens that reduced supply by 17 percent. Another $300 million worth was burned following redemptions to USD. These actions align supply with demand to support the stablecoin peg
  • Whale movements include Cumberland transferring 13 to 19 million PYUSD and 118 million to Paxos treasury. These large on-chain activities suggest OTC trading and liquidity provision. They reflect ongoing institutional engagement with the stablecoin

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