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What can you do with PayPal USD?
Store/Hold PayPal USD
Many users hold on to their PayPal USD with the expectation of it increasing in value. You can store your PYUSD safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade PayPal USD
You can trade PayPal USD for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for PayPal USD trading to meet your needs.
Send PayPal USD
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy PayPal USD online and send to anyone and anywhere with their PayPal USD address.
Spend PayPal USD
You can also buy goods and services with your PayPal USD. More and more vendors and retailers accept PayPal USD every day.
Donate PayPal USD
Bitget Charity accepts PayPal USD donations for global projects that aim to improve the lives of people in the bottom billion. You can donate PayPal USD so no one misses out on the growth made possible by blockchain.
Learn More About PayPal USD
You can read more in-depth articles on PayPal USD from Bitget Research and study how cryptocurrencies like PayPal USD work on Bitget Academy
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What is PayPal USD (PYUSD)?
PayPal USD (PYUSD) is a stablecoin introduced by the digital payment giant, PayPal, in collaboration with Paxos. Launched in August 2023, it is designed to bridge the gap between traditional fiat currencies and the digital world, offering a stable, secure, and efficient medium for digital transactions. As a stablecoin, PYUSD is pegged 1:1 to the U.S. dollar, meaning its value remains stable, mitigating the volatility associated with cryptocurrencies. It is fully backed by U.S. dollar deposits, short-term U.S. treasuries, and similar cash equivalents, ensuring users can redeem one PYUSD for one U.S. dollar at any time.
How PayPal USD (PYUSD) Works?
PayPal USD operates as an ERC-20 token on the Ethereum blockchain, allowing it to be compatible with a myriad of crypto exchanges, wallets, web3 apps, and other Ethereum-based applications. This compatibility enables PYUSD to be easily adopted by crypto exchanges and to power experiences within the PayPal ecosystem. PayPal USD serves as a bridge between traditional fiat landscapes and the digital realms, leveraging PayPal’s payments infrastructure.
Users can buy and sell PYUSD through the PayPal app or its official website, with one PYUSD equivalent to one USD. It can also be transferred to compatible crypto wallets, both PayPal Wallets and externally. Furthermore, PYUSD can be used to purchase and sell other cryptocurrencies supported by PayPal, such as Bitcoin, Bitcoin Cash, Ether, and Litecoin. The stablecoin will soon be available on Venmo, allowing users to pay fellow Venmo users in PYUSD.
How Many PayPal USD (PYUSD) Tokens Are in Circulation?
PYUSD doesn't have a max supply. The current circulating supply of PYUSD is 44,376,440.
How to Buy PayPal USD (PYUSD)
Consider investing in PayPal USD (PYUSD)? It only takes 2 minutes to create an account on Bitget and start trading PYUSD.
Check out the available PYUSD trading pairs on Bitget!
Spot market
PayPal USD (PYUSD) Resources
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