What is the current price of PayPal USD?
The current price of PayPal USD is $1.00 with a 0.04% change in the last 24 hours.
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
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PayPal USD (PYUSD) is a U.S. dollar stablecoin that PayPal launched on August 7, 2023. Paxos issues it, and it is designed to be redeemable 1:1 for U.S. dollars and fully backed by U.S. dollar deposits, short-term U.S. Treasuries and similar cash equivalents. It matters because it puts a regulated digital dollar inside one of the largest consumer payment networks: PayPal and Venmo users can buy, hold and send it inside apps they already use, and the same token works in self-custody wallets and DeFi on several blockchains.
Paxos Trust Company, N.A. issues and custodies PYUSD. PayPal distributes it and brands it. Since December 12, 2025, Paxos has been a national trust bank supervised by the U.S. Office of the Comptroller of the Currency (OCC).
Official resources:
Issuance and redemption Eligible users buy PYUSD with dollars, and Paxos mints new tokens. When users sell or redeem, the tokens are burned and dollars go back out. Through PayPal the rate is fixed at $1.00 per PYUSD, and converting PYUSD to USD through PayPal or Paxos has no fee.
Reserves Every token is backed 1:1 by U.S. dollar deposits, U.S. Treasuries and cash equivalents. Customer assets are held in segregated, bankruptcy-remote accounts, which Paxos says protects them if Paxos becomes insolvent.
Reporting Paxos publishes a monthly reserve report five business days after each month ends, followed by an independent attestation, currently from KPMG.
Multi-chain tokens PYUSD is a standard token on each network it supports, so it works with ordinary wallets and smart contracts. Inside PayPal and Venmo, holdings across chains show as one balance.
PYUSD earns nothing on-chain. Any rewards come from the platform holding it, not from the token.
PYUSD's security has two sides. Off-chain, it depends on the quality and custody of the reserves, OCC supervision of Paxos, monthly attestations, and segregated customer accounts. On-chain, it depends on the security of each network it runs on and on Paxos's minting controls. Supply is controlled centrally by Paxos rather than by code alone. The October 2025 mistaken mint showed both sides of that design: an operational error created a huge supply for a short time, and central control let the issuer undo it within minutes.
PYUSD is the clearest test of whether a mainstream fintech can make stablecoins an everyday payment tool. It combines a federally supervised issuer, audited-firm attestations and native distribution to PayPal and Venmo users. Its growth across Ethereum, Solana, Arbitrum, Stellar and other networks also shows how regulated dollars are moving onto public blockchains.
In supported regions, the simplest route is the PayPal or Venmo app: sign in, complete identity verification, turn on crypto, and buy PYUSD with USD at no fee. PayPal says availability is expanding to about 70 markets. Check the app for your country.
PYUSD is listed on several centralized exchanges and can be bought on DEXs on Ethereum, Solana and other supported chains. Crypto.com was one of the first on-ramps when PYUSD launched on Solana. Check that the network you pick on an exchange matches the one your wallet uses.
Always check the official contract address for the chain you are using.
Track PayPal USD live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for PayPal USD on CoinRithm before using real money.
Use a crypto paper trading account to demo trade PayPal USD with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading PayPal USD with real money.
Read the complete paper trading guideThe current price of PayPal USD is $1.00 with a 0.04% change in the last 24 hours.
The daily trading volume is $1,233,097 representing a 70.80% change in the past 24 hours.
The market capitalization of PayPal USD is $2,903,204,942, ranking #39 globally.
The fully diluted valuation (FDV) of PayPal USD is $2,903,204,942, calculated using circulating supply because the maximum supply is unlimited.
Circulating: 2,901,673,937. Total: 2,901,673,937. Max: ∞.
In the last 24 hours, PayPal USD traded between a low of $1.00 and a high of $1.00.
PYUSD/USDTTether USDT1.00 USDT
The RLUSD and PYUSD vaults had about $8.46 million and $2.38 million of available liquidity, respectively, in Morpho’s latest snapshots.
The Ethereum instance would lend RLUSD, PYUSD and OUSD, with Sentora controlling risk outside the mandate of Aave's risk service providers.
South Korean industry participants want liquidity safeguards added to won stablecoin rules after JPYC, PYUSD and EURC price spikes.
Upbit delayed JPYC trading to 3 p.m. KST on Sept. 17, while PYUSD kept its noon schedule across KRW, BTC and USDT markets.
MoonPay issues the token. It is backed by PYUSD. PYUSD is issued by Paxos and backed by actual dollars and Treasuries. Count the layers: there are two, and the law Congress passed last year describes one.
PayPal, M0, and MoonPay have publicly launched PYUSDx after three products processed about $100 million through the business stablecoin platform. M0 CEO and co-founder Luca Prosperi told crypto.news that PYUSDx gives businesses control over token rules, revenue, and administration that…
