PayPal USD
Perfil del Stablecoin
PayPal USD (PYUSD) es una stablecoin respaldada por fiat anclada a USD, con 4088,7 M US$ en suministro circulante a través de 7 redes blockchain. Cada PYUSD está respaldada por reservas del emisor, con paridad atestiguada vía defillama. La paridad se ha mantenido dentro de ±1% en la mayoría de las sesiones de negociación; la composición de las reservas y la cadencia de las atestaciones son los principales factores de su perfil de riesgo crediticio.
Acerca de PayPal USD (PYUSD)
PayPal USD is designed to maintain a stable $1 USD value. It's backed by dollar deposits, US treasuries, and cash equivalents
As PayPal USD rolls out, users will be able to buy, sell, hold, and transfer it in the PayPal app or on their site
Emisor y atestación
PayPal USD (PYUSD) is issued by Paxos Trust Company (issued for PayPal), operating under New York State (NYDFS-regulated). Originally launched in 2023.
Composición de reservas
Backed 1:1 by US dollar deposits, short-term US Treasuries, and similar cash equivalents held in segregated accounts at US banks.
Eventos notables de paridad
Launched in August 2023 as the first major-payments-company branded stablecoin. Expanded from Ethereum to Solana in 2024.
La información del emisor se recopila a partir de divulgaciones públicas, presentaciones regulatorias de NYDFS / BMA e informes de atestación de fuentes primarias. Verifica siempre directamente con el emisor antes de tomar decisiones.
Actividad reciente de suministro
PayPal USD (PYUSD) supply contracted by 4,5 M US$ (-0.11%) in the last 24 hours, expanded by 17 M US$ (+0.42%) over the past week, and expanded by 56,7 M US$ (+1.41%) over the past 30 days.
Modest growth: net issuance is positive at 1.41% over the past month, indicating gradual demand uptake.
Historial de Suministro
Network distribution
PayPal USD circulates across 7 blockchain networks. Ethereum hosts the largest share at 72.25%, followed by Solana at 19.30%. Arbitrum has shown the strongest 30-day growth at +58.05%, suggesting fresh issuance or bridge inflows on that chain.
| Cadena | Suministro | Cuota | 24h Δ | 30d Δ |
|---|---|---|---|---|
| Ethereum | 2953,9 M US$ | 72.25% | -0.60% | -0.64% |
| Solana | 789,2 M US$ | 19.30% | +1.89% | -5.70% |
| Arbitrum | 334,7 M US$ | 8.19% | -0.35% | +58.05% |
| Flow | 10,5 M US$ | 0.26% | -0.92% | +7.08% |
| Berachain | 448,4 mil US$ | 0.01% | -0.04% | -10.53% |
| Plume Mainnet | 2,1 mil US$ | 0.00% | 0.00% | 0.00% |
| Cardano | 259,4 US$ | 0.00% | 0.00% | +0.18% |
Historial de estabilidad del anclaje
PayPal USD (PYUSD) is designed to trade at exactly 1.00 USD, with its peg defended through direct redeemability against off-chain reserves. Spot price currently sits at $1.0000, a +0.004% deviation from the target — well inside the stability band typical for reserve-backed dollar tokens.
Cómo las stablecoins reserve-backed defienden su anclaje
Fiat-backed stablecoins maintain their peg through arbitrage: any time the secondary-market price drifts above $1.00, authorised participants mint new tokens by depositing dollars and sell them into the market; any time it drifts below, they buy on the open market and redeem 1:1 for dollars. The peg therefore depends entirely on (a) the reserves actually existing, (b) the issuer honouring redemption requests promptly, and (c) the issuer remaining solvent and unfrozen.
Implicaciones prácticas para los tenedores
- Counterparty risk is concentrated in the issuer and its banking partners — a banking failure (as in the March 2023 USDC / SVB episode) can cause short-term depegs even when the underlying reserves are sound.
- Reserve attestations are not full audits. Always read the firm name, scope, and date of the latest attestation report before treating the peg as risk-free.
- Redemption rights typically apply only to verified institutional partners, not to retail holders. Retail exposure is exited via secondary markets, where liquidity matters most during stress periods.
- Regulatory action against the issuer (NYDFS orders, OFAC freezes, court-ordered blacklists) can immediately impair specific addresses or even the entire token.
- Mantapex tracks peg deviation in real time from DeFiLlama price feeds, but for high-value holdings cross-check directly on at least one independent venue (CoinGecko, the issuer's own dashboard, or an on-chain DEX).
Peg-stability commentary is based on the mechanism class (reserve-backed) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.
Direcciones de contrato
PayPal USD (PYUSD) is deployed as a token contract on 1 blockchain network below. Always verify the contract address you're interacting with on the relevant block explorer before sending funds — phishing tokens reusing well-known stablecoin tickers are common, especially on newer chains.
| Cadena | Dirección del contrato | Verificar |
|---|---|---|
| Ethereum | 0x6c3ea9036406852006290770BEdFcAbA0e23A0e8 | Explorador |
Las direcciones de contrato provienen del perfil de stablecoins de DeFiLlama. Algunas cadenas (Tron, Solana, Aptos, Sui) usan formatos de dirección no EVM. El enlace "Explorador" abre el explorador de bloques oficial de la cadena correspondiente; no enlazamos a exploradores de terceros que puedan mostrar datos alterados.
Comparar PayPal USD con otras stablecoins fiat-backed
Below are the largest fiat-backed stablecoins tracked on Mantapex alongside PayPal USD (PYUSD). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.
| Stablecoin | Suministro | Mecanismo | Cadenas |
|---|---|---|---|
| Tether (USDT) | 184,1 mil M US$ | fiat-backed | 107 |
| USD Coin (USDC) | 79,6 mil M US$ | fiat-backed | 125 |
| World Liberty Financial USD (USD1) | 4518,8 M US$ | fiat-backed | 8 |
| BlackRock USD (BUIDL) | 2542,3 M US$ | fiat-backed | 8 |
| Circle USYC (USYC) | 2365,2 M US$ | fiat-backed | 2 |
Estabilidad del Anclaje
Distribución por Cadena
Recursos y fuentes de datos
PayPal USD (PYUSD) is tracked across major crypto data providers. The links below open PayPal USD (PYUSD)'s pages on CoinGecko, CoinMarketCap and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.
Price feed sourced from defillama. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.
Noticias recientes de PayPal USD
Latest reporting from major crypto news outlets covering PayPal USD.
- Crypto Economy
Stable.com Expansion Adds Polygon for Direct-to-Bank Transfers Using USDT or PYUSD
Stable.com now lets Polygon users fund bank transfers directly from self-custodied USDT or PYUSD wallets without first depositing assets on a centralized platform. Unlimit's…
- AMBCrypto
PayPal crypto strategy expands as PYUSDx goes live with $100M
PYUSDx lets businesses launch customised stablecoins backed by PayPal USD, although the resulting tokens are issued and operated by MoonPay.
- CrowdFundInsider
PayPal, MoonPay and M0 Take PYUSDx Live as Devs Launch PYUSD backed Stablecoins
PayPal (NASDAQ: PYPL), M0, and MoonPay have taken PYUSDx from a February preview to a live developer platform.
- Crypto news
PYUSDx reaches $100M as M0 CEO explains business stablecoin model
PayPal, M0, and MoonPay have publicly launched PYUSDx after three products processed about $100 million through the business stablecoin platform. M0 CEO and co-founder Luca…
- Crypto news
PayPal launches PYUSDx after $100M milestone
PayPal, M0 and MoonPay launched PYUSDx, enabling customized PYUSD-backed stablecoins as its first three projects report over $100 million.
- The Currency Analytics
Early Adopters Drive PayPal's PYUSDx Stablecoin to $100M Milestone
PayPal's stablecoin platform just crossed a big number.
- PYMNTS
PayPal Debuts Developer Platform Tied to PYUSD Stablecoin
PayPal, M0 and MoonPay have launched a platform that lets businesses and developers launch financial products on top of PayPal's stablecoin. According to an announcement from M0…
- Crypto Briefing
PayPal launches PYUSDx platform for custom stablecoin creation
PayPal's PYUSDx platform could reshape the stablecoin landscape by simplifying issuance and compliance, potentially increasing PYUSD demand. PayPal launches PYUSDx platform for…
Stablecoins relacionadas
Stablecoins comparable to PayPal USD by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.
Otras stablecoins fiat-backed
Stablecoins vinculadas a USD
Mayores stablecoins por suministro
Aviso de Riesgo
Las stablecoins conllevan riesgos que incluyen la pérdida del anclaje, cambios regulatorios y riesgo de contraparte. Siempre diversifique y haga su propia investigación.