PYUSD

PYUSD Stablecoin. What Is PYUSD and How to Use It

PYUSD is PayPal’s official USD-backed stablecoin, designed to bring digital dollars to PayPal’s global user base. Pegged 1:1 to the US Dollar, PYUSD combines the reach of PayPal with blockchain technology, making it one of the most widely recognized stablecoins among mainstream users.

With Oobit, you can use PYUSD instantly to pay anywhere Visa is accepted worldwide.

What is PYUSD?

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.

Why PYUSD is Important

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.

How PYUSD Works

PYUSD functions like other fiat-backed stablecoins. When users deposit U.S. dollars with Paxos, new PYUSD tokens are minted on the blockchain. These tokens can be transferred on supported networks and redeemed 1:1 for USD at any time. PayPal has also integrated PYUSD into its wallet and payment services, allowing users to pay directly with stablecoins through the PayPal app.

Risks of PYUSD

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.

PYUSD
PYUSD in Numbers
Market cap

Over 500 million USD in 2025

Adoption
Issuer

PayPal and Paxos Trust Company

Regulation
Use cases
Launch year
2023
Peg
1 PYUSD equals 1 USD
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PYUSD

 FAQ

What is PYUSD?
Is PYUSD safe to use?
Can I use PYUSD outside PayPal?
How does PYUSD compare to USDT and USDC?
Is PYUSD regulated?
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Where can I spend PYUSD?

How to Use PYUSD with Oobit

With Oobit, PYUSD can be used for everyday payments. You can tap and pay in stores anywhere Visa is accepted, shop online using Apple Pay or Google Pay, and cash in or cash out through supported payment rails worldwide.

👉 Download Oobit and start spending PYUSD instantly.

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