PayPal USD (PYUSD) Stablecoin

PayPal USD is a stablecoin that’s fully backed by US dollar deposits, US treasuries, and similar cash equivalents. You can buy and sell 1 PYUSD for 1 USD on PayPal.

Stablecoins are a type of cryptocurrency designed to have a steady value over time relative to a reference asset, for example, the U.S. dollar. They can provide inclusive, broad access to the financial system, and can enable fast and efficient money movement. Stablecoins are programmable, offering developers a useful digital currency that can be built into public blockchains and can help link the traditional economy and Web3.

If you sign up for cryptocurrency services with PayPal, you can buy PYUSD in our app or on our site. Get started.

PayPal USD is issued by Paxos Trust Company, LLC (Paxos). PayPal and Paxos are committed to ensuring the public availability of reports on the PayPal USD reserve assets. To that end, Paxos monthly self-reports the composition of the reserve asset portfolio after each month’s end, and monthly attestation reports are also issued by an independent third-party accounting firm. These monthly reports can be found on Paxos’ PayPal USD Transparency page.

There are no fees to buy, sell, hold or transfer PYUSD to eligible US PayPal Balance accounts. There is a fee to convert between PYUSD and other cryptos. More about cryptocurrency fees and pricing.

Eligible customers who hold PYUSD on PayPal and opt in will receive PYUSD rewards based on a percentage of their settled holdings of PYUSD. The PYUSD rewards rate is the annual rate of rewards earned on PYUSD held in your PayPal account (as long as you hold at least 1.0 PYUSD and have opted-in to PYUSD rewards) and is non-compounding. To calculate your PYUSD rewards, we apply a daily periodic rate (the PYUSD Rewards Rate divided by 365) to the average balance of PYUSD you hold during each day of the month. We will credit accrued rewards into your PayPal wallet within thirty (30) calendar days after the start of the next calendar month as long as you remain eligible at the time of crediting.