PYUSD is a fiat-backed stablecoin issued by PayPal and Paxos Trust Company. Each token is backed by U.S. dollar deposits, short-term Treasuries, and cash equivalents, ensuring a stable peg to the dollar. Launched in 2023, it was designed to bring stablecoin usage to hundreds of millions of PayPal customers, combining financial trust with blockchain efficiency.
Pay with
PYUSD
Accepted where you already pay.
PYUSD is a fiat-backed stablecoin issued by PayPal and Paxos Trust Company. Each token is backed by U.S. dollar deposits, short-term Treasuries, and cash equivalents, ensuring a stable peg to the dollar. Launched in 2023, it was designed to bring stablecoin usage to hundreds of millions of PayPal customers, combining financial trust with blockchain efficiency.
PYUSD is significant because it is the first stablecoin issued by a major global payments company. This gives it immediate mainstream visibility and direct integration within PayPal’s massive ecosystem. PYUSD bridges traditional finance and blockchain, enabling users to send, receive, and spend digital dollars with the same trust they associate with PayPal. It positions PayPal as a leader in merging fintech and crypto for real-world payments.
Despite PayPal’s reputation, PYUSD carries risks similar to other centralized stablecoins. Its reliance on U.S. regulation means that legal or compliance changes could affect issuance or redemption. It also carries centralization risks, since PayPal and Paxos control minting and redemption. Finally, PYUSD must compete with more established stablecoins such as USDT and USDC, which already dominate trading and payments.
Market cap
Over 500 million USD in 2025
Issuer
PayPal and Paxos Trust Company
Launch year
2023
Paolo Ardoino
CEO of Tether
״User-experience perfection. Oobit + $USDt for payments in real-life.״
Filipe Toledo
2x World Surf Champion
״Oobit makes crypto payments simple, intuitive, and accessible for everyone.״
Joseph Abehsera
Crypto Veteran & Influencer
״After 10+ years in crypto, I believe Oobit has the greatest opportunity to bring crypto to the masses.״
Roger Ver
Bitcoin.com
“Thanks to oobit anyone can now pay with BitcoinCash, Bitcoin, Tether, Ethererum and other Crypto anywhere... “
Sarah Nabaa
VeChain foundation
“How crypto should be- digital cash, instant and helping the unbanked. Tap and Pay for everyday things in-store with your $VET...”
Questions?
Answers.
What is PYUSD?
PYUSD is a stablecoin issued by PayPal and Paxos Trust Company, pegged 1:1 to the U.S. Dollar.
Is PYUSD safe to use?
Yes. PYUSD is fully backed by U.S. dollar deposits, Treasuries, and cash equivalents.
Can I use PYUSD outside PayPal?
Yes. PYUSD can be transferred on supported blockchains and used with Oobit for global payments.
How does PYUSD compare to USDT and USDC?
USDT and USDC dominate in trading volume, but PYUSD benefits from PayPal’s massive user base and direct integration.
Is PYUSD regulated?
Yes. PYUSD is issued by Paxos, a regulated U.S. financial institution.
Can I redeem PYUSD for cash?
Yes. PYUSD can be redeemed 1:1 for U.S. dollars through PayPal or Paxos.
Where can I spend PYUSD?
With Oobit, you can spend PYUSD anywhere Visa is accepted globally.
Open your treasury, hold dollars, and start paying the world.
Abre tu tesorería, guarda dólares y empieza a pagarle al mundo.
Abra seu tesouro, guarde dólares e comece a pagar o mundo.
If you're excited by the future of money, we'd love to hear from you.
Scan the QR code to download the app
The People's Money.
Pay with Oobit
Crypto CardLocal QR PaymentsATM WithdrawalsCrypto Cashback Ai PaymentsOobit DePay
Pay with BitcoinPay with OOBPay with USDTPay with EthereumPay with SolanaStablecoin
Oobit For Business
BlogStablecoin PaymentsGlobal USDCorporate CardExpense Managment
Oobit Technologies 2026. © All rights reserved.
Oobit provides technology that enables users to spend digital assets through existing payment networks. Services are subject to regional availability and regulatory requirements. Oobit operates through multiple entities globally. Certain features may be provided by licensed partners depending on your location.
US Cryptocurrency services are provided in partnership with Bakkt Financial Solutions I, LLC. Bakkt is registered with FinCEN as a Money Services Business (MSB) and holds state money transmitter licenses.