PayPal USD

PayPal USD
PYUSD
Contract address
0x6c3e...23a0e8
Copy PYUSD contract address
$0.9998
$0.0000372(+0.00%)Today
Market cap
2.68B
Total volume (24h)
70.39M
Volume / Market cap
0.0263
Circulating supply
2.68B
Day range (24h)
$0.9997$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 (July 25, 2026)$0.9998+0.00%
24 hours ago (July 24, 2026)$0.9998+0.00%
1 week ago (July 18, 2026)$0.9998+0.01%
1 month ago (June 25, 2026)$0.9997+0.01%
1 year ago (July 25, 2025)$1.00-0.01%

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PYUSD market moves

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24h change: +0.01%. From $0.9997 to $0.9998.

  • Paxos now issues PYUSD directly on the Polygon blockchain as part of the network's Open Money Stack. This removes the need for bridges and lets businesses use the same tools for payins, payouts, and cross-border transfers. The change builds on PYUSD availability in 70 markets and aims to increase real-world use of the regulated stablecoin on a high-volume network that settles billions in stablecoins daily.
  • Samsung announced at Galaxy Unpacked that its Wallet app will support stablecoins to become a hub for payments and digital assets. Industry speculation points to regulated options like PYUSD as likely candidates given its compliance. The integration could reach hundreds of millions of Galaxy users worldwide and marks a major mobile manufacturer's entry into native crypto features.
  • Stripe and private equity firm Advent International offered more than $53 billion to acquire PayPal at $60.50 per share. PayPal reportedly views the bid as undervaluing the company. The potential deal highlights the strategic importance of PayPal's payments infrastructure and stablecoin PYUSD amid competition in fintech and crypto.

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

  • PYUSD supply peaked at 4.2 billion dollars in March 2026 following availability in 70 markets but contracted 31 percent to roughly 2.7 billion dollars by quarter end. This marks the first meaningful decline since launch, driven by reduced incentives and capital rotation to other assets. Despite lower supply, on-chain activity continued across 17 networks with Solana seeing notable growth. The development reflects broader stablecoin market dynamics and PayPal's reorganization of its crypto and payments units.
  • PYUSD appears in top vaults on Morpho alongside other major stablecoins and supports borrowing markets for synthetic BTC on platforms including Kamino. Supply APY on Kamino has ranged from 4 to 9 percent depending on utilization, with some leveraged strategies citing higher returns. These integrations expand beyond PayPal's ecosystem into lending, liquidity provision on Uniswap v4, and payments. DeFi activity represents a key area of growth even as overall supply declined.
  • A consortium backed by Visa, Mastercard, and Coinbase launched Open USD, increasing pressure on established players including PYUSD. PYUSD ranks among top stablecoins due to its payments focus, regulatory compliance, and PayPal integration, yet its supply contraction has drawn notice. Analysts point to AI agents as a potential growth area, with stablecoins enabling fast machine-to-machine payments. PYUSD maintains roughly 1.4 percent market share in a sector dominated by USDT and USDC.

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

  • Stripe and private equity firm Advent International submitted a joint unsolicited offer of $60.50 per share to buy PayPal, valuing it at approximately $53 billion. This represents a 28 percent premium over PayPal's recent closing price and comes with about $50 billion in committed bank financing. The potential deal would integrate Stripe's Bridge stablecoin platform and merchant network with PayPal's PYUSD stablecoin and crypto business. It underscores the growing role of established fintech companies in scaling stablecoin infrastructure for global payments.
  • PayPal announced native issuance of PYUSD on the Polygon network to increase adoption for business payments. The integration makes PYUSD available through Polygon's Open Money Stack, enabling faster cross-border transfers, cash-outs, and compliance tools in a single integration. Polygon has settled over $2.6 trillion in stablecoin transactions. PYUSD total supply stands near $3 billion.

24h change: -0.02%. From $0.9999 to $0.9997.

  • Stripe and private equity firm Advent International made an unsolicited joint bid valued at over $53 billion to buy PayPal at $60.50 per share, a 28% premium. The potential acquisition would consolidate PYUSD, which has grown to roughly $2.83 billion in circulation and expanded to 70 markets, with Stripe's Bridge stablecoin platform, Tempo mainnet, and related crypto services. Reports note both companies have aggressively expanded into stablecoins, with the deal potentially creating a major fintech stack for payments and blockchain rails. PayPal shares rose sharply on the news amid ongoing regulatory considerations for antitrust and stablecoin rules.
  • PYUSD trades at approximately $1 with a market capitalization of $2.84 billion and circulating supply of about 2.84 billion tokens. It ranks among leading stablecoins and is backed by USD deposits, short-term Treasuries, and equivalents, with monthly attestations. The token sees utility in payments, crypto trading on PayPal, and DeFi lending where yields have been reported around 2.8% on platforms like Aave. Articles discussing the PayPal bid reference its established position and expansion.

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

  • PayPal added its PYUSD stablecoin to Polygon's international digital asset rail in July 2026. The integration supports card and bank transfers into PYUSD, cross-border movement and local currency cashouts while managing compliance. It positions the stablecoin for greater use in regulated payments as the industry anticipates bank-issued alternatives. This builds on PYUSD's existing deployments and partnerships.
  • Interactive Brokers enabled clients to convert USD balances into PYUSD for withdrawals to external wallets. The feature operates 24/7 including weekends and makes funding fully bidirectional alongside existing deposits. It leverages partners zerohash and Paxos and expands the broker's crypto offerings with additional token listings. This marks further integration of PYUSD into traditional finance platforms.
  • Since launch PYUSD has moved over 4.25 billion dollars in value across five blockchain networks. LayerZero powers the interoperability enabling these transfers beyond the PayPal app to wallets, exchanges and Venmo. The volume reflects growing utility in payments, remittances and other use cases. Earlier 2026 developments included YouTube creator payouts and Visa Direct integrations.

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