Current PayPal USD Overview
- Current Price: $0.99923 (0.03% decrease since 00:00 UTC+8)
- Market Cap: $924 million (Ranked #55)
- Circulating Supply: 924,362,406 PYUSD (100% of max supply)
- Blockchain Support: Ethereum & Solana
👉 Track PYUSD’s real-time price trends
Key Metrics
| Metric | Value | Change | Last Updated |
|---|---|---|---|
| All-Time High | $4.9999 | -80.02% (-$4.0007) | Oct 5, 2024 (UTC+8) |
| All-Time Low | $0.98600 | +1.34% (+$0.013230) | Oct 5, 2024 (UTC+8) |
What Is PayPal USD (PYUSD)?
PYUSD is a dollar-backed stablecoin pegged 1:1 to the USD, designed for stability and seamless transactions via PayPal’s platform.
Features:
- Regulated Stability: Backed by reserves including cash and short-term Treasuries.
- Multi-Chain: Available on Ethereum and Solana for flexible transfers.
- User-Friendly: Buy, sell, and hold directly within PayPal’s ecosystem.
👉 Explore PYUSD’s official documentation
PYUSD Price Analysis
Market Trends
- Recent Volatility: Despite its stablecoin design, PYUSD briefly deviated from its peg during market shifts, highlighting the importance of monitoring reserves.
- Adoption Drivers: Increasing use in cross-border payments and DeFi integrations (e.g., PancakeSwap on Solana).
Comparative Table: PYUSD vs. Other Stablecoins
| Feature | PYUSD | USDT | USDC |
|---|---|---|---|
| Issuer | PayPal | Tether | Circle |
| Peg | 1:1 USD | 1:1 USD | 1:1 USD |
| Blockchains | ETH, SOL | 10+ chains | 8+ chains |
| Transparency | Monthly audits | Quarterly reports | Monthly attestations |
FAQs About PayPal USD
1. How does PYUSD maintain its peg?
- PYUSD is backed by cash and cash equivalents, with monthly third-party audits to verify reserves.
2. Can I use PYUSD for DeFi?
- Yes! PYUSD is compatible with Solana and Ethereum-based DeFi protocols, including liquidity pools like PancakeSwap.
3. Is PYUSD available globally?
- Currently, PYUSD is accessible to PayPal users in supported regions (primarily the U.S.).
4. What’s the difference between PYUSD and PayPal balances?
- PYUSD operates on blockchain networks, enabling faster, borderless transactions compared to traditional PayPal USD holdings.
5. Where can I track PYUSD’s price?
- Use trusted platforms like OKX for real-time charts and historical data.
Future Outlook
PYUSD’s integration with Solana’s high-speed blockchain and partnerships (e.g., Fiserv’s proposed FIUSD interoperability) could expand its utility in banking and decentralized finance.
Key Growth Factors:
– Institutional adoption for settlements.
– Expansion to additional blockchains.
Disclaimer: This content is for informational purposes only and not financial advice. Always conduct independent research.