PayPal USD

PYUSD Launched 2023 source

What this page is: neutral, sourced facts about PayPal USD. Every line links where it was checked. 10 facts, 8 from primary sources. Educational, not financial advice.

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Launch

On August 7, 2023 PayPal announced the launch of a U.S. dollar stablecoin, which is issued by Paxos Trust Company. primary source source

Founders and creators

PayPal USD is issued by Paxos Trust Company, LLC (Paxos). primary source source
PayPal USD is redeemable 1:1 for U.S. dollars and is issued by Paxos Trust Company. secondary source source

Origin story

PayPal launched PayPal USD (PYUSD), a U.S. dollar stablecoin issued by Paxos Trust Company, on Aug 7, 2023. primary source source

Stated purpose

PayPal USD (PYUSD) is a stablecoin that is redeemable 1:1 for US dollars. primary source source
PYUSD is a stablecoin designed to power global money movement across the PayPal ecosystem. primary source source

Consensus mechanism

As of Nov 4, 2026 Paxos states PYUSD is available on seven blockchain networks. primary source source

Supply model

Paxos partners with PayPal to support direct institutional mint and burn of PYUSD on the Paxos Dashboard. primary source source

Main uses today

PayPal USD is designed for payments and is 100% backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents. secondary source source

Key milestones

PYUSD is fully backed by US dollar reserves and cash equivalents; users can transfer to crypto wallets on low-cost networks like Solana. primary source source

Sources & studies

Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.

Education only, not financial advice. No signals. Backtests are hypothetical: real trading can be worse. Past results don't predict future results.