About PayPal USD
PayPal USD (PYUSD) is a stablecoin pegged to the U.S. dollar. PYUSD is redeemable on a 1:1 basis for U.S. dollars and collateralized by U.S. dollars held in cash or cash equivalents.
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Market Stats
Market Cap
CA$1.31B
-0.03%
FDV
CA$1.31B
Circ. Supply
968M PYUSD
Max Supply
Not enough data
Total Supply
968M PYUSD
Diluted Valuation
CA$1.31B
Performance
Popularity
#71
Dominance
0.03%
Volume (24H)
CA$28.12M
-59.55%
Volume (7D)
CA$211.45M
Volume (30D)
CA$1.71B
All time high
CA$1.36
Price Change (1Y)
Additional info about PayPal USD
Recent trends
The latest PYUSD price is CA$1.36. PayPal USD's all time high is CA$1.36, which was reached on August 31, 2023. This is a 0% change from its price today.
The market cap is currently CA$1.31B, which is a result of multiplying the current price of PayPal USD(CA$1.36) by the total supply(967,614,865 PYUSD). The fully diluted valuation of PayPal USD is CA$1.31B. The diluted valuation of PayPal USD is CA$1.31B.
Market details
PYUSD vs markets
↘ 28.17%
PYUSD vs BTC
↘ 36.89%
PYUSD vs ETH
↗ 42.98%
Tags
stablecoin
asset-backed-stablecoin
usd-stablecoin
fiat-stablecoin
Network & Addresses
Network | Address | |
|---|---|---|
Solana | 2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo | |
Ethereum | 0x6c3ea9036406852006290770BEdFcAbA0e23A0e8 |
Price history
Time | Price | Change |
|---|---|---|
Today | CA$1.36 | 0.00% |
1 Day | CA$1.36 | 0.00% |
1 Week | CA$1.37 | 0.00% |
1 Month | CA$1.40 | 0.00% |
1 Year | CA$1.37 | 0.00% |
FAQ
PayPal USD (PYUSD) is a stablecoin designed to maintain a 1:1 value with the U.S. dollar. Fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and similar cash equivalents, each PYUSD token is intended to be redeemable for one U.S. dollar. The issuance and custody of PayPal USD are managed by Paxos Trust Company, a regulated financial institution. PYUSD aims to enhance the role of stablecoins in digital payments by offering broad access to the financial system and enabling fast, efficient money transfers within and beyond PayPal’s platform.
PayPal USD functions as a stablecoin by backing each token with U.S. dollar deposits and equivalent cash assets to maintain its peg to the U.S. dollar. Users can buy, hold, and transfer PYUSD through the PayPal app or website. PYUSD can be sent to friends in the U.S. without fees or transferred to external wallets that accept the token. It can also be used for purchases at checkout where PayPal is accepted or converted into other cryptocurrencies supported by PayPal. This multi-use approach makes PYUSD a versatile option for digital payments and crypto transactions.
PayPal USD offers several use cases within both traditional and blockchain-based financial systems. It aims to serve as a bridge between the conventional economy and Web3, enabling developers to integrate PYUSD into decentralized applications (dApps), wallets, and exchanges. PYUSD supports peer-to-peer payments, allowing for fast, fee-free transfers between PayPal users in the U.S. It can be used for everyday purchases at merchants that accept PayPal, and it facilitates seamless conversion between cryptocurrencies within the PayPal ecosystem. These use cases highlight PYUSD’s role in expanding the utility of stablecoins in digital finance.
PayPal USD was launched on August 7, 2023, as part of PayPal’s initiative to expand its role in the digital currency space. Fully backed by U.S. dollar reserves, short-term Treasuries, and cash equivalents, PYUSD was created to harness the potential of stablecoins in everyday payments. Its issuance and custody are handled by Paxos Trust Company, a regulated entity known for managing other stablecoins. Since its release, PYUSD has been available to eligible U.S. PayPal users, enabling transfers to compatible external wallets, peer-to-peer payments, crypto conversions, and purchases within the PayPal network.
We update our PayPal USD to CAD currency in real-time. Get the live price of PayPal USD on Coinbase.
The current market cap of PayPal USD is CA$1.31B. A high market cap implies that the asset is highly valued by the market.
The all-time high of PayPal USD is CA$1.36. This all-time high is highest price paid for PayPal USD since it was launched.
Over the last 24 hours, the trading volume of PayPal USD is CA$28.12M.
Assets that have a similar market cap to PayPal USD include XDC Network, Fantom, Sonic, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of PayPal USD is 968 million.
PayPal USD ranks 295 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 82% of Coinbase users are buying PayPal USD. In other words, 82% of Coinbase customers have increased their net position in PayPal USD over the past 24 hours through trading.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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