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PayPal USD (PYUSD) price today

PayPal USD (PYUSD) is PayPal's stablecoin: pegged to the dollar, issued by Paxos and backed by deposits, US Treasuries and cash equivalents.

Written and reviewed by the Cripto View editorial team

PayPal USD price now

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Price in US dollars (USD)
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Price in Brazilian reais (BRL)
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Market data source: CoinGecko, with a reference USD/BRL rate. Values can lag by a few minutes.

What is PayPal USD?

PYUSD launched in August 2023 and was the first stablecoin from a major US payments company. It is issued by Paxos Trust Company, an institution supervised by New York State's financial regulator.

The token can be bought, held and sent in the PayPal and Venmo apps in eligible markets, and it also circulates on public blockchains.

How PayPal USD works

Each PYUSD is redeemable for one dollar. Reserves are held in dollar deposits, short-term US Treasuries and equivalents, and the issuer publishes monthly reports on the backing.

Outside PayPal's apps, the token works like any other on its network: it can be moved to self-custody wallets and used in decentralized applications.

What PYUSD is used for

  • Payments and transfers within the PayPal ecosystem.
  • Merchant settlement and international remittances.
  • Trading and liquidity on exchanges and in decentralized finance.

Risks and points of attention

  • Availability in PayPal's apps is limited to some countries; elsewhere, access is usually through exchanges or wallets.
  • Risk of the issuer and custodian banks.
  • The issuer can freeze or seize tokens when legally required.
  • Currency risk: its value in other currencies follows the dollar exchange rate.

Key facts

SymbolPYUSD
Asset typeStablecoin
Launch2023-08
Issuer or organizationPaxos Trust Company, for PayPal
NetworkMulti-chain (Ethereum, Solana and others)
Maximum supplyNo cap: issued and redeemed on demand

Reference data checked on October 3, 2026 against CoinGecko and the project's official pages.

Frequently asked questions about PayPal USD

Who issues PYUSD?

Paxos Trust Company, on behalf of PayPal. Paxos is an institution regulated in New York State.

Is PYUSD available in every country?

No. PayPal's crypto features vary by country and change. Check current availability on the official website; the token can also be traded on exchanges that list it.

Is PYUSD different from a dollar balance in PayPal?

Yes. PYUSD is a blockchain token redeemable for dollars, not a bank deposit or an ordinary account balance.

Where does the PayPal USD price on this page come from?

The panel shows the PYUSD price in US dollars and Brazilian reais, with change, volume and market capitalization. Data comes from CoinGecko, uses a reference exchange rate and can lag by a few minutes.