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.
Buy PayPal USD
Market Stats
Market Cap
£1.03B
-0.02%
FDV
£1.03B
Circ. Supply
1.4B PYUSD
Max Supply
Not enough data
Total Supply
1.4B PYUSD
Diluted Valuation
£1.03B
Performance
Popularity
#66
Dominance
0.04%
Volume (24H)
£17.51M
38.33%
Volume (7D)
£335.08M
Volume (30D)
£1.44B
All time high
£0.74
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 £0.74 per PYUSD with a 24-hour trading volume of £17.51M. The new price represents a new all time high of £0.74. This all-time high is the highest price paid for PayPal USD since its launch.
The current circulating supply of PayPal USD is 1,391,584,923.902 PYUSD which means that PayPal USD has as total market cap of £1,032,045,010.73.
Market details
PYUSD vs markets
↘ 43.6%
PYUSD vs BTC
↘ 43.68%
PYUSD vs ETH
↘ 38.37%
Tags
stablecoin
asset-backed-stablecoin
usd-stablecoin
fiat-stablecoin
Network & Addresses
Network | Address | |
|---|---|---|
Solana | 2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo | |
Ethereum | 0x6c3ea9036406852006290770BEdFcAbA0e23A0e8 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.74 | 0.00% |
1 Day | £0.74 | 0.00% |
1 Week | £0.74 | 0.00% |
1 Month | £0.75 | 0.00% |
1 Year | £0.75 | 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 seeks to provide a digital currency that can be built into public blockchains, linking the traditional economy and Web3. This makes it a useful tool for developers who aim to use PayPal USD as the payments layer to build new services and products on public blockchains. PYUSD is initially built on a blockchain known for its programmability, and is compatible with various exchanges, wallets, and dApps. Furthermore, PYUSD can be used for person-to-person payments, facilitating purchases, and converting to and from other supported cryptocurrencies.
PayPal USD was introduced as a new cryptocurrency on August 7, 2023. It was designed to contribute to the potential that stablecoins offer for payments and is fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and similar cash equivalents. The issuance and custody of PayPal USD is performed by Paxos Trust Company. Since its introduction, PayPal USD has been made available to eligible U.S. PayPal customers, allowing them to transfer PYUSD between PayPal and compatible external wallets, send person-to-person payments using PYUSD, facilitate purchases with PYUSD, and convert any of PayPal's supported cryptocurrencies to and from PayPal USD.
We update our PayPal USD to GBP currency in real-time. Get the live price of PayPal USD on Coinbase.
The current market cap of PayPal USD is £1.03B. A high market cap implies that the asset is highly valued by the market.
The all-time high of PayPal USD is £0.74. 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 £17.51M.
Assets that have a similar market cap to PayPal USD include Immutable, GateToken, Artificial Superintelligence Alliance, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of PayPal USD is 1.4 billion.
PayPal USD ranks 310 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.
Yes, PayPal USD is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy PayPal USD guide.
PayPal USD news
Trending articles
Social stats
Popularity in posts
#729
Contributors
345
Posts
488
% About PayPal USD
0.037%
Hold times
0 days
X (Twitter)
77.75% bullish
Sentiment
4.8 ★
Highlights
345 unique individuals are talking about PayPal USD and it is ranked #729 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 95 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 79.06% of tweets with bullish sentiment compared to 1.68% of tweets with a bearish sentiment about PayPal USD. 20.94% of tweets were neutral about PayPal USD. These sentiments are based on 485 tweets.
On Reddit, PayPal USD was mentioned in 0 Reddit posts and there were 0 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.