Cryptos: 9 180
Exchanges: 4
Market capitalization: $3.66T
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PayPal USD
PYUSD

About PayPal USD

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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