PayPal USD (PYUSD) Stablecoin

Stablecoins are a type of cryptocurrency designed to have a steady value over time relative to a reference asset, for example, the U.S. dollar. They can provide inclusive, broad access to the financial system, and can enable fast and efficient money movement. Stablecoins are programmable, offering developers a useful digital currency that can be built into public blockchains and can help link the traditional economy and Web3.

PayPal USD is a stablecoin that’s backed by US dollar deposits, US treasuries, and similar cash equivalents. You can buy and sell 1 PYUSD for 1 USD on PayPal.

PYUSD is currently available on PayPal in over 70+ markets worldwide, with more countries added over time. You can buy, sell, hold, and earn rewards on PYUSD through your PayPal account in eligible markets across the Americas, Europe, Asia-Pacific, and Africa.

Learn more: Check your PayPal app to see if PYUSD is available in your country.

Sign in or create a PayPal account, complete identity verification, and opt in to crypto. Then buy PYUSD directly in your PayPal wallet—free with USD, or with a bank account or debit card in eligible regions. Once you have PYUSD, you can send it to friends on or off PayPal, spend it at millions of U.S. merchants where PayPal is accepted, or hold it and opt in to earn 4% PYUSD rewards annually. If you sign up for cryptocurrency services with PayPal, you can buy PYUSD in our app or on our site. Get started.

PayPal USD is issued by Paxos Trust Company, LLC (Paxos). PayPal and Paxos are committed to ensuring the public availability of reports on the PayPal USD reserve assets. To that end, Paxos monthly self-reports the composition of the reserve asset portfolio after each month’s end, and monthly attestation reports are also issued by an independent third-party accounting firm. These monthly reports can be found on Paxos’ PayPal USD Transparency page.

There are no fees to buy, sell, hold or transfer PYUSD to eligible PayPal users. Conversions to eligible currencies other than USD are subject to an exchange rate, which includes a spread. More about cryptocurrency fees and pricing. Terms apply.

You can opt-out of the PYUSD Rewards Program at any time, in which case, you will stop accruing PYUSD Rewards. Any previously accrued amounts will be credited to your Crypto Hub in your account on the next scheduled payment date in which you are Eligible. Terms apply.