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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£0.7562

Trading Insights

Market Stats

Market Cap

£3.06B

2.13%

FDV

£3.06B

Circ. Supply

4.1B PYUSD

Max Supply

Not enough data

Total Supply

4.1B PYUSD

Diluted Valuation

£3.06B

Performance

Popularity

#21

Dominance

0.18%

Volume (24H)

£174.49M

3.34%

Volume (7D)

£1.52B

Volume (30D)

£5.97B

All time high

£0.7562

Price Change (1Y)

Not enough data

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.

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'

Additional details

Recent trends

The current price is £0.7562 per PYUSD with a 24-hour trading volume of £174.49M. The new price represents a new all time high of £0.7562. This all-time high is the highest price paid for PayPal USD since its launch.

The current circulating supply of PayPal USD is 4,050,105,468.824 PYUSD which means that PayPal USD has as total market cap of £3,061,617,954.77.

Market details

PYUSD vs markets

↗ 18.1%

PYUSD vs BTC

↗ 23.17%

PYUSD vs ETH

↘ 12.88%

Tags

stablecoin

asset-backed-stablecoin

usd-stablecoin

fiat-stablecoin

Network & Addresses

Network
Address

Solana

2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo

Ethereum

0x6c3ea9036406852006290770BEdFcAbA0e23A0e8

Price history

Time
Price
Change
Today
£0.7562
0.00%
1 Day
£0.7516
0.00%
1 Week
£0.7509
0.00%
1 Month
£0.7447
0.00%
1 Year
£0.7665
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 £3.062B. A high market cap implies that the asset is highly valued by the market.

The all-time high of PayPal USD is £0.7562. 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 £174.488M.

Assets that have a similar market cap to PayPal USD include World Liberty Financial USD, Litecoin, Canton, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of PayPal USD is 4.1 billion.

PayPal USD ranks 269 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.

Social stats

Popularity in posts

#1166

Contributors

23

Posts

37

% About PayPal USD

0.007%

Articles

1

X (Twitter)

57.58% bullish

Sentiment

4.8 ★

Highlights

23 unique individuals are talking about PayPal USD and it is ranked #1,166 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 1 news articles published about PayPal USD.

On Twitter, people are mostly bullish about PayPal USD. There were 61.29% of tweets with bullish sentiment compared to 6.45% of tweets with a bearish sentiment about PayPal USD. 38.71% of tweets were neutral about PayPal USD. These sentiments are based on 33 tweets.

On Reddit, PayPal USD was mentioned in 1 Reddit posts and there were 1 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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