PayPal USD Price

PayPal USD is a stablecoin cryptocurrency issued by PayPal and Paxos Trust Company. It is designed to maintain a 1:1 peg with the US dollar, backed 100% by USD deposits, short-term US Treasuries, and similar cash equivalents. PayPal USD aims to contribute to the growing adoption of stablecoins for payments and transactions in the digital economy. Key features of PayPal USD: - Current price: $0.9994 - Market cap: $871.6M - 24h trading volume: $5.94K - Circulating supply: 872.13M PYUSD - Total supply: 967.61M PYUSD - Fully diluted valuation: $967.03M PayPal USD was launched on August 21, 2023 and is built on the Ethereum blockchain as an ERC-20 token. It can be used for payments, transfers, and as a store of value within the PayPal ecosystem and beyond. The stablecoin aims to combine the stability of the US dollar with the speed and flexibility of cryptocurrency transactions. As of 2025-07-14, PayPal USD ranks 106 among all cryptocurrencies by market capitalization. Its price has remained stable near $1, with a 24-hour price change of +0.03%.

PayPal USD was created on August 21, 2023. It was launched by PayPal as a fully-backed stablecoin pegged to the US dollar. PayPal USD operates on the Ethereum blockchain and aims to contribute to the opportunities stablecoins offer for payments. As of 2025-07-14, PayPal USD has a circulating supply of 872.13M PYUSD and a total supply of 967.61M PYUSD. The stablecoin is designed to maintain a 1:1 value with the US dollar, backed by US dollar deposits, short-term US Treasuries, and similar cash equivalents.

PayPal USD was founded by PayPal, a leading global financial technology company. The stablecoin was developed in partnership with Paxos Trust Company, which acts as the issuer and custodian. PayPal USD was officially launched on August 7, 2023 as part of PayPal's efforts to expand its digital currency offerings and contribute to the growing stablecoin ecosystem. While specific individuals are not named as founders, the creation of PayPal USD was led by PayPal's executive team and blockchain experts, with support from Paxos' leadership in stablecoin infrastructure.

PayPal USD is a stablecoin cryptocurrency that operates on the Ethereum blockchain. Here's how it works: 1. Backing: PayPal USD is 100% backed by U.S. dollar deposits, short-term U.S. Treasuries, and similar cash equivalents. 2. Pegging: It maintains a 1:1 peg with the U.S. dollar, aiming to always be worth $1. 3. Issuance: PayPal USD is issued by Paxos Trust Company, a regulated financial institution. 4. Redemption: Users can redeem PayPal USD for U.S. dollars at a 1:1 ratio. 5. Transactions: PayPal USD can be sent, received, and stored in compatible cryptocurrency wallets. 6. Smart Contracts: As an ERC-20 token, PayPal USD can interact with Ethereum-based decentralized applications and smart contracts. 7. Integration: PayPal USD is designed to be integrated into PayPal's payment ecosystem, potentially offering faster and more efficient cross-border transactions. 8. Transparency: Regular audits are conducted to ensure the backing assets match the circulating supply. As of 2025-07-14, PayPal USD has a market cap of $871.6M and a 24-hour trading volume of $5.94K, demonstrating its growing adoption in the cryptocurrency ecosystem.

PayPal USD is built on the Ethereum blockchain as an ERC-20 token. Its technical architecture includes: 1. Smart contract: Deployed on Ethereum to manage token issuance, transfers, and redemptions. 2. Reserves: 100% backed by USD deposits, short-term U.S. Treasuries, and cash equivalents. 3. Paxos Trust Company: Acts as the issuer and custodian of the reserves. 4. PayPal integration: Allows seamless use within PayPal's ecosystem. 5. Cross-chain compatibility: Also available on Solana blockchain. 6. Transparency: Regular attestations of reserves conducted by independent auditors. 7. Compliance: Adheres to regulatory requirements for stablecoins. 8. Scalability: Leverages Ethereum's infrastructure for high transaction throughput. 9. Security: Utilizes industry-standard encryption and security protocols. This architecture ensures PYUSD's stability, liquidity, and wide usability across various blockchain platforms and financial applications.

PayPal USD aims to become a leading stablecoin in the digital payments ecosystem. Its future roadmap includes: 1. Expanding adoption across major e-commerce platforms and online marketplaces by 2026. 2. Integrating with more blockchain networks beyond Ethereum and Solana to increase interoperability by 2027. 3. Launching new features like programmable payments and conditional transfers by 2030. 4. Exploring partnerships with central banks and financial institutions for potential use in CBDCs and cross-border payments. 5. Enhancing security measures and regulatory compliance to maintain its 1:1 USD peg. 6. Increasing transparency through regular third-party audits of reserves. 7. Developing user-friendly tools and APIs to facilitate easier integration for developers and businesses. The team behind PayPal USD is committed to maintaining its stability and expanding its utility in the evolving digital economy. With PayPal's backing, PYUSD is well-positioned for long-term growth and adoption in the stablecoin market.