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What is PayPal USD (PYUSD)?

PayPal has introduced its own stablecoin, PayPalUSD (PYUSD), designed to maintain a stable value pegged to the US dollar. The company asserts that PYUSD is fully backed by US dollar deposits and will be available for purchase and sale at a 1:1 exchange rate of $1.00 per PYUSD through the PayPal app and website. Users can utilize PYUSD for peer-to-peer transactions, online purchases, and transfers between PayPal and external cryptocurrency wallets. Furthermore, PayPal facilitates the conversion of supported currencies into and out of PYUSD.

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Global prices

PYUSD / DKKDanish Krone

6.367752

PYUSD / GBPBritish Pound Sterling

0.746661

PYUSD / HKDHong Kong Dollar

7.775549

PYUSD / INRIndian Rupee

90.278074

PYUSD / JPYJapanese Yen

155.027964

PYUSD / MXNMexican Peso

17.964012

PYUSD / AUDAustralian Dollar

1.590793

PYUSD / TRYTurkish Lira

38.03427