PYUSD
$0.99

PayPal USD (PYUSD) Price

$0.99
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PayPal USD (PYUSD) Price Today

The live price of PYUSD is 0.99 USD. In the past 24 hours, the trading volume of PYUSD was 151,257,840.87 USD, up by 0.000443%. The current price has decreased by -0.01% from its 7-day high of 1.00 USD, and increased by 0.04% from its 7-day low of 0.99 USD. With a circulating supply of 3,462,036,367.22 PayPal USD, the market cap of PYUSD is currently 3,463,615,489.00 USD, down by 0% in the last 24 hours. PYUSD currently ranks #- by market capitalization among cryptocurrencies.

PayPal USD (PYUSD) Market Data

Market Cap
$3.4B
24h Volume
$151.2M
Circulating Supply
3.4B PYUSD
Maximum Supply
--
Fully Diluted Market Cap
$3.4B
Liquidity Indicator
4.39%

About PayPal USD (PYUSD)

How can I buy PayPal USD (PYUSD)?

Buying PayPal USD (PYUSD) on BingX is simple and secure. Create an account, deposit USDT or another supported asset, and purchase PayPal USD (PYUSD) directly in the Spot Market. The tokens will then appear in your BingX Spot Wallet, ready for trading or transfer at anytime. Discover How to Buy PYUSD Guide for more information.

What Is PayPal USD (PYUSD) and How Does It Work?


PayPal USD (PYUSD) is a U.S. dollar–pegged stablecoin introduced by PayPal in partnership with Paxos Trust Company. It is designed to maintain a stable value of 1 PYUSD = 1 USD, making it suitable for payments, transfers, and trading without the price volatility seen in most cryptocurrencies. PYUSD is fully backed by reserves, including U.S. dollar deposits, short-term U.S. Treasuries, and cash equivalents, with regular attestations to ensure transparency.

PYUSD operates as an ERC-20 token on the Ethereum blockchain, with expanding support across other networks such as Solana. This allows you to send, receive, and store PYUSD in compatible crypto wallets, as well as use it across decentralized applications (dApps). Its blockchain-based design enables near-instant global transfers, while still benefiting from PayPal’s familiar user interface and payment infrastructure.

In practice, PYUSD works through a mint-and-redeem mechanism. When you buy PYUSD, an equivalent amount of U.S. dollars is held in reserve; when you redeem it, the tokens are burned and the USD is returned. This structure helps maintain its price stability and trust. You can use PYUSD for peer-to-peer payments, online purchases, or as a stable trading pair on exchanges like BingX, where it provides liquidity and a low-volatility alternative to traditional crypto assets.

Learn more about how PYUSD stablecoin works in our deep dive.

When Did PayPal USD Stablecoin Launch?


PayPal USD (PYUSD) was officially launched on August 7, 2023, by PayPal in partnership with Paxos Trust Company, a regulated blockchain infrastructure firm. The stablecoin was introduced as part of PayPal’s broader push into digital assets, following its earlier support for crypto trading in 2020. PYUSD marked a major milestone as one of the first U.S. dollar–backed stablecoins issued by a global fintech company, designed to bridge traditional payments and Web3.

PayPal USD Roadmap and Key Milestones


- Aug 2023: Official launch of PYUSD on Ethereum as an ERC-20 token

- 2024: Expansion to additional blockchains like Solana for faster, low-cost transfers

- 2025: Broader integrations with payment platforms, DeFi protocols, and merchant services

- 2026: Rollout to 70+ global markets within PayPal’s ecosystem, enabling wider adoption for payments and transfers

Since launch, PYUSD has evolved from a U.S.-only feature into a globally accessible stablecoin, with PayPal focusing on scaling its use in everyday payments, cross-border transfers, and digital commerce.

What Is the PYUSD Token Used for?


PayPal USD (PYUSD) is a fiat-backed stablecoin designed for payments, transfers, and trading within both traditional fintech and Web3 ecosystems. Its primary use case is enabling fast, low-cost digital payments; you can send PYUSD globally, pay merchants, or settle transactions with minimal volatility since it maintains a stable 1:1 peg to the U.S. dollar.

Beyond payments, PYUSD is widely used as a liquidity and settlement asset in crypto markets. You can hold PYUSD to preserve capital during market volatility, use it as a base trading pair, or deploy it across DeFi protocols on supported networks for lending, swaps, and yield opportunities. Its integration with PayPal also makes it uniquely positioned for real-world commerce and peer-to-peer transfers, bridging fiat and blockchain-based finance.

On BingX, you can trade PYUSD easily on the spot market by selecting the PYUSD/USDT trading pair, placing a market or limit order, and executing the trade instantly. With BingX’s deep liquidity and low fees, you can also use PYUSD as a stable base asset to enter or exit other crypto positions efficiently.

What Is PayPal USD Tokenomics?


PayPal USD (PYUSD) features a fully collateralized, fiat-backed tokenomics model designed for stability rather than speculation. Unlike traditional cryptocurrencies with fixed supply caps or inflation schedules, PYUSD’s supply is dynamic and demand-driven, meaning new tokens are minted when users deposit U.S. dollars and burned when they redeem PYUSD for fiat. This mint-and-burn mechanism ensures the circulating supply always reflects real-world demand while maintaining a strict 1:1 peg to the U.S. dollar.

At its core, PYUSD is backed 100% by reserve assets, including U.S. dollar deposits, short-term U.S. Treasury securities, and cash equivalents held in regulated, segregated accounts. These reserves are managed by Paxos Trust Company and are subject to regulatory oversight and regular attestations, ensuring transparency and redeemability at any time. This structure eliminates inflation risk and supports price stability, making PYUSD function as a digital representation of USD on-chain.

Unlike utility or governance tokens, PYUSD does not rely on token allocation models. Instead, its value proposition comes from capital efficiency, liquidity, and real-world utility. Revenue is primarily generated through interest earned on reserve assets, which may be partially shared between PayPal and Paxos, while users can benefit from incentives such as holding rewards within the PayPal ecosystem.

 


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Frequently Asked Questions about PYUSD (PayPal USD)

How much is 1 PYUSD (PayPal USD) worth?
What is the price prediction for PYUSD (PayPal USD)?
What is the all-time high price of PYUSD (PayPal USD)?
What is the all-time low price of PYUSD (PayPal USD)?
How many PYUSD (PayPal USD) are there in circulation?
What is the market capitalization of PYUSD (PayPal USD)?
How to trade PYUSD (PayPal USD) on BingX?
What affects the price of PYUSD (PayPal USD)?
How do I cash out my PYUSD (PayPal USD)?
How Does PayPal USD Differ From Other Stablecoins?
What Blockchain Network Does PayPal USD Operate on?
How to Store PYUSD Stablecoin Securely
Is PayPal USD (PYUSD) a Good Investment?
Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
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