Bitget App
common_footer.down_desc
common_header.buy_cryptocommon_header.marketscommon_header.tradecommon_header.futurescommon_header.social_tradingcommon_header.grid_tradingcommon_header.earn
PayPal USD

coin.price_trendingPYUSD

focusIcon
subscribe
coin.quote_currency:
USD

coin.calculator

coin.calculator_tips
PYUSD
VectorImg
USD
1 PYUSD = 0.9988 USD
coin.update_time(UTC-0)
coin.buy_coin

technical.price_summary.title

coin.price_live_data

technical.price_summary.p1

technical.price_summary.a1

technical.price_summary.p2

technical.price_summary.a2
profit_calculator.calculate_tokenname_profit

coin.prediction

coin.prediction_question

price_predict.text_introduce

coin.prediction_question

price_predict.prediction_content

rating.title_new

rating.from
4.6
rating.person
rating.des

coin.about_title

What Is PayPal USD?

PayPal USD is a stablecoin introduced in August 2023 by the digital payment giant, PayPal, in collaboration with Paxos. Its value is pegged to a stable asset—in this case, the U.S. dollar. This pegging ensures that the value of PayPal USD remains consistent, even when other cryptocurrencies experience volatility. Fully backed by U.S. dollar deposits, short-term U.S. treasuries, and similar cash equivalents, PayPal USD offers a 1-to-1 exchange rate with the U.S. dollar. This means that for every PayPal USD token, there's an equivalent amount in U.S. dollars held in reserve, ensuring its stability and trustworthiness.

The introduction of PayPal USD into the market is significant, given PayPal's dominant position in the digital payments landscape. As the first stablecoin launched by a major U.S. financial company, PayPal USD is poised to bridge the gap between traditional finance and the world of cryptocurrencies.

Resources

Official Website: https://www.paypal.com/us/digital-wallet/manage-money/crypto/pyusd

How Does PayPal USD Work?

PayPal USD is designed to create a more seamless and frictionless environment for users to transact with digital currencies. One of its primary functions is to facilitate virtual payments, especially within blockchain ecosystems. Users can easily buy or sell PayPal USD through the PayPal platform, making it accessible to a vast investor familiar with the brand.

Beyond its basic function as a medium of exchange, PayPal USD offers several other features. Users can transfer the stablecoin to compatible crypto wallets, both within and outside the PayPal ecosystem. This includes popular wallets like Coinbase Wallet and MetaMask. Additionally, PayPal USD can be used to purchase goods, with automatic conversion to fiat currency at the point of sale. This feature is particularly beneficial for online merchants and shoppers, as it provides an alternative payment method that's both stable and efficient.

Furthermore, PayPal USD is set to be integrated into Venmo, allowing users to make payments using the stablecoin. This move is in line with PayPal's vision of creating a bridge between traditional fiat currencies and the decentralized world of Web3 and DeFi. Given that PayPal USD is an ERC-20 token, it's built on the Ethereum blockchain, making it compatible with a wide range of Web3 applications.

What Is PYUSD Token?

PYUSD is the token representation of PayPal USD. PYUSD doesn't have a max supply. As an ERC-20 token, PYUSD is issued on the Ethereum blockchain, ensuring its compatibility with various decentralized applications and platforms. This token can be transferred to and from Ethereum wallet addresses that support PYUSD, and its issuance is overseen by Paxos, a regulated blockchain infrastructure firm. The collaboration with Paxos ensures that PayPal USD adheres to regulatory standards, further enhancing its credibility in the market.

What Determines PayPal USD's Price?

The price of PayPal USD, like other cryptocurrencies, is influenced by a myriad of factors, with supply and demand at the forefront. As cryptocurrency adoption continues to surge, the demand for stablecoins like PayPal USD is expected to rise. Cryptocurrency analysis and cryptocurrency charts often highlight the impact of market dynamics on the price of tokens. Latest news, especially those related to cryptocurrency regulation and security concerns, can introduce market volatility, causing fluctuations in the token's price. For instance, if a significant regulatory announcement is made, it could sway cryptocurrency price predictions for many tokens, including PayPal USD.

Another determinant is the broader cryptocurrency trends. As the best crypto investment for 2023 and beyond is sought by investors, the latest developments in the blockchain and crypto space play a pivotal role. Cryptocurrency risks, such as security breaches or technological vulnerabilities, can also impact investor sentiment and, consequently, the price. For those wondering where to buy cryptocurrency, leading exchanges like Bitget offer a platform for purchasing tokens like PYUSD. As the landscape evolves, it's essential to stay updated with cryptocurrency analysis and be aware of the factors shaping the future PayPal USD.

technical.performance.title

coin.24Hcoin.7dayscoin.30dayscoin.90dayscalculator.common.one_yearcoin_market.all_time
-0.02%-0.08%-0.12%-0.14%-0.07%-2.71%

technical.history.title

technical.history.coin_code_price
coin_market.timecoin.lowcoin.high
24h$0.9981$0.9996
7d$0.9962$1
30d$0.9962$1
90d$0.9940$1.01
1y$0.9901$1.01
coin_market.all_time$0.09521(2023-08-20, coin_market.years_ago )$1.06(2023-08-29, coin_market.years_ago )

coin.market_info

coin_market.cap
$570,149,726.62
-0.02%
coin_market.fully_cap
$570,149,726.62
-0.02%
coin_market.volume_24h
$45,876,228.57
+77.96%
coin_market.market_raking
coin_market.circula_rate
+99.00%
coin_market.volume_cap
0.0804
coin_market.circula_supply
570,851,700 PYUSD
coin_market.total_max_supply
570,851,729.47 PYUSD
-- PYUSD
calculator.faq_btn

coin_price.social_data

coin_price.social_description1

coin_price.social_description2

coin_price.social_description3

coin_price.social_description5

coin_price.social_description6

coin_price.all_social_overview

coin_price.average_sentiment(24h)
3
coin_price.social_score(24h)
0(#697)
coin_price.social_contributors(24h)
161
+32%
coin_price.social_mentions(24h)
16(#792)
0%
coin_price.social_dominance(24h)
0%
coin_price.twitter
coin_price.twitter_tweets(24h)
0
0%
coin_price.twitter_sentiment(24h)
coin_price.twitter_bullish
0%
coin_price.twitter_neutral
100%
coin_price.twitter_bearish
0%
coin_price.reddit
coin_price.reddit_score(24h)
18
coin_price.reddit_ posts(24h)
13
+18%
coin_price.reddit_comments(24h)
0
0%

coin.how_to_buy

calculator.htb.step1_title

calculator.htb.step1_title

calculator.htb.step1_des
calculator.htb.step2_title

calculator.htb.step2_title

calculator.htb.step2_des
calculator.htb.step4_title

calculator.htb.step4_title

calculator.htb.step4_des

coin.excellent_traders.title

coin.excellent_traders.p

faq.name

faq.one

faq.one_answer_new

faq.two

faq.two_answer

faq.third

faq.third_answer

faq.fourth

faq.fourth_answer

seo_faq.qustion1

seo_faq.answer1

seo_faq.qustion2

seo_faq.answer2

coin_price.buy_coin_title

coin_price.buy_coin_title_app
coin_price.buy_coin_guidance
google download badgeios download badge
coin_price.trade_bg_exchange
coin_price.trade_bg_exchange_guidance

video_section.h2_title

play cover
video_section.right_title
1. video_section.description1
2. video_section.description2
3. video_section.description3
4. video_section.description4
5. video_section.description5
6. video_section.description6
7. video_section.description7
faq.des

price_sidebar.trade

common_header.earn

coin_ad.ad3
price_sidebar.note_like1.tip

PYUSD/USDT

price_sidebar.spot

coin.excellent_traders.btn

BountyHunter-Q
BountyHunter-Q
insight1273/1300
12712.40%
price_sidebar.roi
price_sidebar.total_pnl $263,875.45
PHOENXCORP
PHOENXCORP
insight114/750
201.49%
price_sidebar.roi
price_sidebar.total_pnl $938,815.34
coin.contracts
coin.morecoin.more
https://img.bitgetimg.com/multiLang/develop/web/ETH.png
Ethereum
0x6c3e...e23a0e8
copy
wallet
coin.links
coin.websitecoin.whitepapercoin.twittercoin.github