PayPal USD PYUSD
Cryptocurrency · Stablecoins · Not Mineable · launched in 2023
№30of 40 004
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- Price —
- $3.04 billion
- Capitalization
- $13.44 million
- Volume over 24 hours
- 0.11%
- Dominance
About the coin
- Circulating supply
- 3.04 billion PYUSD
- Total supply
- 3.04 billion PYUSD
- Maximum supply
- Unlimited
- Fully diluted capitalization
- $3.04 billion
- 24h high
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- 24h low
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PayPal USD (PYUSD) is a fully regulated stablecoin pegged to the US dollar at a 1:1 ratio. The coin is issued directly by Paxos Trust Company, a trust company operating under strict supervision by the New York State Department of Financial Services (NYDFS). The product was developed specifically to integrate PayPal's ecosystem with Web3 technology capabilities.
All coins are 100% backed by US dollar deposits, short-term US government Treasury bonds, and equivalent cash equivalents, ensuring peg stability. The token is issued in multi-chain format on Ethereum and Solana blockchains, enabling fast transfers, low costs, and seamless payments within retail services.
Additional information
FAQ
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PayPal USD (PYUSD) is a stable digital coin pegged to the US dollar at a 1:1 ratio. This stablecoin is issued by infrastructure company Paxos with support from major payment system PayPal and is designed for cross-border transfers, exchange trading, and retail payments for goods and services.
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Paxos Trust Company, a regulated U.S. trust company, is the direct issuer of the token. The issuer's activities and the PYUSD stablecoin itself are under strict supervision and full regulation by the New York State Department of Financial Services (NYDFS), ensuring the highest level of legal protection for token holders.
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Each PYUSD coin has 100% physical backing, eliminating algorithmic risks. Reserves consist exclusively of fiat US dollar cash held in accounts at American banks, highly reliable short-term US Treasury securities, and reverse repurchase agreements. Paxos publishes public audit reports on reserves monthly.
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The token was launched in a multi-chain format to balance security and speed. It fully operates on the Ethereum blockchain (ERC-20 standard) for institutional settlements and large transactions, as well as on the Solana blockchain (SPL standard) to enable retail micropayments with ultra-high speed and minimal network fees.
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Users can seamlessly transfer PYUSD between PayPal wallets and external Web3 addresses without technical complications. Within the app, instant token conversion to fiat dollars is available with no hidden fees, payment for purchases at millions of online stores accepting PayPal, and sending money to friends worldwide.
Legal status of crypto assets in Uzbekistan
This section is for reference only and shows global market data. MONIQ is not a crypto asset service provider, does not carry out operations with crypto assets and does not give individual investment advice.
- Crypto assets are not legal tender in the Republic of Uzbekistan: they cannot be used to pay for goods and services, except in cases directly established by law.
- Residents may buy, sell and exchange crypto assets only through providers licensed by the NAPP — crypto exchanges, crypto shops, crypto depositories and mining pools registered as legal entities resident in Uzbekistan.
- The register of licences is maintained by the National Agency of Perspective Projects. Licences are issued and revoked, so the composition of the register changes — check the status of a venue at the moment of the transaction.
- Until 1 January 2029 transactions with crypto assets are not subject to taxation, and income from them is not included in aggregate income.
- Crypto assets are not traded on the RSE «Toshkent» and are not available through a broker account. There are no guaranteed returns, investments are not insured, and the price may change by tens of percent in a short time.
The information does not replace legal advice. Regulation changes — before any transaction check the current wording of the law and the register of licences at .