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.
Market Stats
Market Cap
£2.13B
0.37%
FDV
£2.13B
Circ. Supply
2.8B PYUSD
Max Supply
Not enough data
Total Supply
2.8B PYUSD
Diluted Valuation
£2.13B
Performance
Popularity
#37
Dominance
0.08%
Volume (24H)
£38.51M
-66.94%
Volume (7D)
£685.31M
Volume (30D)
£1.09B
All time high
£0.76
Price Change (1Y)
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Stablecoins: 'Stablecoin' (e.g. USDC, USDT) is the term often used for crypto-assets that claim their value is linked to certain reserve assets such as a fiat currency (e.g. US Dollars). Stablecoins may use a range of different ways to maintain stability, each with their own risks'
Counterparty risk: Where the asset is backed by collateral (e.g. fiat currency) you are relying on a third party to maintain that collateral which introduces risk if the party becomes insolvent or fails to maintain the necessary collateral.
Redemption risk: If the asset claims to be redeemable for underlying collateral, there is risk that the redemption process will not work as expected e.g. in times of market volatility or due to operational issues.
Collateral risk: There's a risk that the value of the collateral could decline or become volatile, affecting the stability of the asset (e.g. where the collateral is another type(s) of crypto-asset(s)).
FX risk: Lots of stablecoins are denominated in US Dollars, meaning you will be exposed to movements in the USD:GBP exchange rate
Algorithm risk: If the asset relies on an algorithm to maintain stability (e.g. by adjusting supply based on demand) there's a risk the algorithm could fail or behave unexpectedly, which might cause the asset to lose its stability and even lose all its value.
Additional details
Recent trends
The current price is £0.76 per PYUSD with a 24-hour trading volume of £38.51M. The new price represents a new all time high of £0.76. This all-time high is the highest price paid for PayPal USD since its launch.
The current circulating supply of PayPal USD is 2,809,765,514.447 PYUSD which means that PayPal USD has as total market cap of £2,134,303,658.57.
Market details
PYUSD vs markets
↘ 26.89%
PYUSD vs BTC
↘ 25.06%
PYUSD vs ETH
↘ 8.21%
Tags
stablecoin
asset-backed-stablecoin
usd-stablecoin
fiat-stablecoin
Network & Addresses
Network | Address | |
|---|---|---|
Solana | 2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo | |
Ethereum | 0x6c3ea9036406852006290770BEdFcAbA0e23A0e8 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.76 | 0.00% |
1 Day | £0.76 | 0.00% |
1 Week | £0.76 | 0.00% |
1 Month | £0.75 | 0.00% |
1 Year | £0.77 | 0.00% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
PayPal USD (PYUSD) is a stablecoin, a type of cryptocurrency that strives to maintain a steady value over time relative to a reference asset, in this case, the U.S. dollar. PYUSD is fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and similar cash equivalents. This means that each PYUSD token aims to be redeemable 1:1 for U.S. dollars. The issuance and custody of PayPal USD is performed by Paxos Trust Company, a regulated financial institution. PYUSD is designed to contribute to the potential that stablecoins offer for payments, providing inclusive, broad access to the financial system.
PayPal USD operates as a stablecoin, meaning it strives to maintain a stable value relative to the U.S. dollar. This is achieved by backing each PYUSD token with U.S. dollar deposits, short-term U.S. Treasuries, and similar cash equivalents. Users have the ability to acquire, hold, and transfer PayPal USD within the PayPal app or on the PayPal site. Additionally, PYUSD can be sent to friends in the U.S. on PayPal without fees, or to wallet addresses that accept PYUSD. Users can also use PYUSD to facilitate purchases by selecting it at checkout, and convert any of PayPal's supported cryptocurrencies to and from PayPal USD.
PayPal USD news
Trending articles
Social stats
Popularity in posts
#1358
Contributors
87
Posts
87
% About PayPal USD
0.015%
Hold times
0 days
X (Twitter)
57.48% bullish
Sentiment
4.8 ★
Highlights
87 unique individuals are talking about PayPal USD and it is ranked #1,358 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, PayPal USD has an average sentiment score of 4.8 out of 5. Finally, PayPal USD is becoming less newsworthy, with 0 news articles published about PayPal USD.
On Twitter, people are mostly bullish about PayPal USD. There were 59.53% of tweets with bullish sentiment compared to 3.57% of tweets with a bearish sentiment about PayPal USD. 40.47% of tweets were neutral about PayPal USD. These sentiments are based on 755 tweets.
On Reddit, PayPal USD was mentioned in 6 Reddit posts and there were 10 comments about PayPal USD. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
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.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. 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. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.