PYUSD PayPal USD
PayPal USD Info
PayPal USD is backed entirely by short-term US Treasuries, U.S. dollar deposits, and other cash equivalents and is created to contribute to the payment opportunities stablecoins provide. PayPal USD is a currency that can be redeemed for US dollars 1:1 and is issued by Paxos Trust Company.
Beginning on August 7, 2023, and starting to take effect soon, qualified U.S. Customers of PayPal who buy PayPal USD will be able to:
- Transfer PayPal USD between PayPal and compatible external wallets
- Send person-to-person payments using PYUSD
- Fund purchases with PayPal USD by selecting it at checkout
- Convert any of PayPal’s supported cryptocurrencies to and from PayPal USD
PayPal USD Intel
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