PayPal USD: Key Information
- Token Name: PayPal USD (PYUSD)
- Category: Stablecoin (pegged 1:1 to the U.S. dollar)
- Launch Date: August 2023
- Blockchain: Ethereum (ERC-20 standard)
- Backing Assets: U.S. dollar deposits, short-term Treasuries, and cash equivalents
What Is PayPal USD (PYUSD)?
PayPal USD (PYUSD) is a stablecoin launched by digital payment leader PayPal in partnership with Paxos. Designed to bridge traditional finance and crypto ecosystems, PYUSD maintains a fixed 1:1 value with the U.S. dollar, ensuring price stability amid market volatility.
👉 Discover how PYUSD compares to other stablecoins
Key Features:
- Stability: Fully backed by reserve assets for transparency.
- Interoperability: Transferable to external wallets like MetaMask and Coinbase Wallet.
- Utility: Usable for payments, conversions to fiat, and Web3/DeFi applications.
How Does PayPal USD Work?
- Seamless Transactions: Buy/sell PYUSD directly via PayPal’s platform.
- Cross-Wallet Transfers: Move PYUSD to compatible Ethereum wallets.
- Merchant Adoption: Automatically converts to fiat during checkout for online purchases.
- Venmo Integration: Soon available for peer-to-peer payments.
PYUSD Tokenomics
- Circulating Supply: 871,116,900 PYUSD (as of latest data)
- Market Cap: $870.75 million
- Price Determination: Influenced by demand, crypto trends, and regulatory news.
| Metric | Value |
|---|---|
| All-Time High | $1.06 |
| All-Time Low | $0.9743 |
| 7-Day Price Change | -0.01% |
Investment Potential of PYUSD
Bullish Factors:
- Market Position: Ranked #76 by market cap.
- PayPal’s Ecosystem: Potential for mass adoption via 400M+ users.
Future Price Predictions:
- 2026: Estimated $1.12 (+12% from current)
- 2031: Projected $2.54 (+154% ROI).
Risks:
- Regulatory shifts or competition from other stablecoins.
- Dependence on PayPal’s operational stability.
👉 Learn how to stake PYUSD for passive income
How to Buy PYUSD
- Choose an Exchange: Bitget offers secure PYUSD trading pairs.
- Register & Verify: Complete KYC for fiat deposits.
- Purchase Methods: Bank transfer, debit/credit card, or crypto swap.
Pro Tip: Monitor market trends using Bitget’s spot trading tools.
Alternative Ways to Earn PYUSD
- Learn-to-Earn: Free PYUSD via educational campaigns.
- Referral Programs: Invite friends to earn rewards.
- Airdrops: Convert other crypto rewards to PYUSD.
Use Cases for PYUSD
- Trading: Arbitrage opportunities due to price volatility.
- Staking/Lending: Earn yields via Bitget’s理财 platform.
- Payments: Send PYUSD to individuals or merchants.
FAQs About PayPal USD
Q1: Is PYUSD safe to invest in?
A1: As a PayPal-backed stablecoin, PYUSD is low-risk but subject to market and regulatory factors.
Q2: Can I use PYUSD outside PayPal?
A2: Yes! Transfer PYUSD to Ethereum wallets for DeFi or Web3 apps.
Q3: What’s the difference between PYUSD and USDT?
A3: PYUSD is centralized (PayPal/Paxos), while USDT runs on multiple blockchains. Both are USD-pegged.
Q4: How do I store PYUSD securely?
A4: Use hardware wallets (e.g., Ledger) or trusted apps like MetaMask.
Q5: Will PYUSD replace other stablecoins?
A5: Unlikely soon, but its institutional backing gives it unique traction.
Q6: Where can I track PYUSD’s price?
A6: CoinMarketCap, CoinGecko, or Bitget’s real-time charts.
Disclaimer: Cryptocurrency investments carry risks. Conduct independent research before trading.