Download oobit app to pay with crypto everywhere.
Scan the QR code to download the app
Download for iOS
Get the oobit app from the App Store.
Download for Android
Get the oobit app from the Google Play
If you have any questions, contact support
Personal
Business
NEW
Oobit Business
Issue corporate cards, pay vendors and teams worldwide, and move funds to any bank.
Oobit Plug and Pay
Power your wallet with embedded global payments
Pay
Crypto Card
Spend crypto instantly at millions of stores with Oobit
Send
Send Crypto To Any Bank
Send crypto and receive local currency directly to bank accounts
Connect
DePay
Pay directly from the wallet you trust.
Features
Business
More
Newsroom
Stay updated with Oobit's latest news & launches
Stablecoin
What They Are and How to Use Them
Cashback
What is Cashback and How to Earn up to 10% with Oobit
Tether
The Digital Dollar Powering Global Payments
Pay with Bitcoin
Spend Bitcoin at Over 150 Million Visa Merchants
OOB
Keeps money open. Free. Access. 24/7
English
English
Portuguese
Spanish
Follow us
Back
Crypto Card
Spend crypto instantly at millions of stores with Oobit
DePay
Pay directly from the wallet you trust
Send Crypto To Any Bank
Send crypto and receive local currency directly to bank accounts
Oobit Business
Issue corporate cards, pay vendors and teams worldwide, and move funds to any bank.
Oobit Plug and Pay
Power your wallet with embedded global payments
Newsroom
Stay updated with Oobit's latest news & launches
Stablecoin
What They Are and How to Use Them
Cashback
What is Cashback and How to Earn up to 10% with Oobit
Tether
The Digital Dollar Powering Global Payments
Pay with Bitcoin
Spend Bitcoin at Over 150 Million Visa Merchants
OOB
Keeps money open. Free. Access. 24/7
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.
Pay with
PYUSD
Pay with
PYUSD
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 in Numbers
Market cap
Over 500 million USD in 2025
Adoption
Issuer
PayPal and Paxos Trust Company
Network
Regulation
Use cases
Launch year
2023
Expected launch
Peg
1 PYUSD equals 1 USD
Backing
User-experience perfection.
Oobit + $USDt for payments in real-life.
Paolo Adriano
CEO of Tether
Thanks to Oobit anyone can now pay with Bitcoin Cash, Bitcoin, Tether, Ethererum and other Crypto anywhere in the world that accepts Visa, right from their smart phone.
Roger Ver
Bitcoin Jesus
Real-Life Payment Integration:
BNB Chain is teaming up with Oobit to enable everyday purchases, like buying coffee, with stablecoins, making crypto transactions more practical and affordable.
BNB Chain
CEO of Tether
How crypto should be- digital cash, instant and helping the unbanked. Tap and Pay for everyday things in-store with your $VET knowing it has a significantly low carbon footprint.
Sarah Nabaa
VeChain foundation
TON x Oobit Use TON and USDt-TON with 100M+ retailers across the globe!
Just like Apple Pay®, the Oobit app allows you to shop, grab a coffee, then Tap & Pay with $USDt-TON & $TON.
TON
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.
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—see the settlement flow behind wallet-native checkout and merchant payout.
Download Oobit
Download Oobit
Get smarter with every email, sign up for Oobit's newsletter today.
Thank you!
Your submission has been received!
Oops! Something went wrong while submitting the form.
Personal
Crypto CardSend to BankConnectFAQ
Business
NEW
Explore
NewsroomStablecoinCashback TetherPay with BitcoinOOBBlogResearch
Company
AboutCareersAmbassadorsPress KitPrivacy NoticeTerms of Use
Social
X.comLinkedinInstagramYouTubeReddit
© 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.