PYUSD Icon

$PYUSD

$PYUSD

Paypal USD

PYUSD is a dollar-pegged stablecoin issued by Paxos for PayPal, redeemable 1:1 for U.S. dollars and designed for payments, transfers, and conversions in the PayPal/Venmo ecosystem. It is fully backed by U.S. dollar deposits and cash equivalents with regular transparency reports.

Stablecoins
Non-U.S. Institutional InvestorU.S. Qualified Institutional Buyer (QIB)
Explore issuer purchase options or request access through RWA.xyz.

Market Cap

$2.56B

▼10.46%from 30d ago

Price

$1.00

▼0.02%from 30d ago

Holders

181,748

▲+3.10%from 30d ago

Monthly Transfer Volume

$21.64B

▼19.75%from 30d ago

Monthly Active Addresses

109,894

▲+23.02%from 30d ago

Paypal USD

Return Target

Not supplied yet.

Asset Class

Stablecoins

Exposure

US Treasury Debt PYUSD is a dollar-pegged stablecoin issued by Paxos for PayPal, redeemable 1:1 for U.S. dollars and designed for payments, transfers, and conversions in the PayPal/Venmo ecosystem. It is fully backed by U.S. dollar deposits and cash equivalents with regular transparency reports.

Liquidity

Subject to bank wire minimums charged by the account’s bank Subject to bank wire minimums charged by the account’s bank

Asset Manager

Asset manager details have not been supplied yet.

Management Team

Management team details have not been supplied yet.

Paypal USD Metrics

Fees

Management fee
0%
Performance fee
100.00%
Subscription fee
0%
Redemption fee
0%

Subscriptions & Redemptions

Funding option
USD
Eligible Investors
Non-U.S. Institutional Investor, U.S. Qualified Institutional Buyer (QIB)
KYC required
Yes

Subscriptions

Subscription frequency
Daily
Min. Investment
25 USD
Subscription process
Subject to bank wire minimums charged by the account’s bank

Redemptions

Redemption frequency
Daily
Minimum Redemption Amount
25 USD
Redemption & notice requirements
Subject to bank wire minimums charged by the account’s bank

Collateral & Investor Protections

Accounts segregated
Yes
Holdings bankruptcy remote
Yes
Custody arrangements
BMO Harris Bank N.A., State Street Bank and Trust, Customers Bank
Account segregation details
PYUSD is fully backed by assets in fully segregated and bankruptcy-remote accounts.
Bankruptcy protection details
PYUSD is fully backed by assets in fully segregated and bankruptcy-remote accounts.

Legal Structure & Regulation

Legal issuer
Paxos Trust Company, LLC
Tokenization Sponsorship
Issuer-Sponsored
Legal structure
New York, U.S. Limited Purpose Trust Company
Regulatory Framework

German Electronic Securities Act (eWpG)

BMF - German Federal Ministry of Finance

Regulatory jurisdiction
Germany
Inception date
11/08/2022
Denomination
USD

Service Providers

Auditor
WithumSmith+Brown iconWithumSmith+Brown
Custodian
The Bank of New York Mellon Corporation
0000813905

PYUSD Borrow / Lend Markets
BETA

Lowest borrow APY
3.65%
Available to borrow
$33.4K
Active loans
$154.2K
% Pledged of AUM
0.0%
Borrow
Market
Borrow APY
Max LTV · liq.
Net APY at max
Available to borrow
Ethereum Logo
Ethereum · EVK Vault eUSDC-80
3.65%
90.5%
10.5× · liq. 91.5%
—
$33.4K (of $187.6K)
82% utilized
Data as of Nov 14, 2026

PYUSD Secondary Markets
BETA

24h volume
$62.7M
+2% depth
$5.0M
−2% depth
$4.9M
Markets
9
Pair
Exchange
Price
Spread
+2% depth
−2% depth
24h volume
Volume %
USDSPYUSD/USDS
Ethereum
$0.999567
0.60%
$2.0M
$2.0M
$44.0M
70.16%
USDCPYUSD/USDC
Solana
$0.999376
0.01%
$580.3K
$305.3K
$6.7M
10.71%
USDTPYUSD/USDT
$1.00
0.05%
$1.3M
$1.4M
$2.7M
4.30%
USDCPYUSD/USDC
$0.999248
0.60%
$239.9K
$239.2K
$2.2M
3.57%
PRIMEPYUSD/PRIME
Orca
DEX
Solana
$0.999871
0.60%
$192.9K
$192.4K
$1.8M
2.92%
USDTPYUSD/USDT
HTX
CEX
$0.999277
0.03%
$8.8K
$7.0K
$1.6M
2.49%
CRVUSDPYUSD/CRVUSD
$0.999829
0.60%
$343.9K
$342.8K
$1.4M
2.16%
USDCPYUSD/USDC
$0.999364
—
—
—
$1.2M
1.85%
USDCPYUSD/USDC
Orca
DEX
Solana
$0.999325
0.60%
$355.2K
$354.1K
$1.2M
1.83%
Powered by CoinGeckoData as of Nov 14, 2026

Token & Networks

Underlying units per token
1
Platform
Tokenization type
Transferability
Transferable, with blacklist, Transferable without restrictions
Token supply
2,563,768,326.81
▼
Circulating supply
2,563,768,326.81
▼

Blockchain Networks

Network
Type
Tokenization
Type
Token Standard
Token Supply
Circulating Supply
Bridged Supply
Holders
Trailing 30D
Active Addresses
Monthly
Transfer Volume
Monthly
Transfer Count
Contract Address
Native
ERC-20
1,608,889,181.85
▼
Native
SPL
734,147,998.91
▲
Native
ERC-20
198,598,339.15
▼
Native
Stellar Asset Contract (SAC)
22,132,806.90
▲

Holders

All networks · changes vs. 30 days ago

Holding addresses
181,748▲+0.03%
Active (30D)
109,894▲+0.23%

View detailed token
holder breakdowns

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Holders Product Screenshot