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We are Listing PayPal USD (PYUSD)

November 6, 2024
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1 min

PayPal USD (PYUSD) is a stablecoin issued by Paxos Trust Company and backed by US dollar deposits, US treasuries, and similar cash equivalents. This means that 1 PYUSD is always worth $1 USD.   

By combining the familiarity of PayPal with the potential of blockchain technology, PYUSD aims to bridge the gap between traditional finance and the digital asset world, offering a more accessible and secure way to transact and invest. 

What is the PYUSD token?

The PYUSD stablecoin runs on the Ethereum network and facilitates smooth and efficient transactions within the PayPal ecosystem, including person-to-person payments, online purchases, and cross-border remittances. It can also be converted into other cryptocurrencies for trading and participation in various Web3 applications. The ERC-20 standard makes it easy for developers to integrate PYUSD into their projects.

Here are some of the other key aspects you should consider:

  • Trading Volume (24h): The trading volume of PYUSD in the past 24 hours is $50,570,158.
  • Circulating Supply: The circulating supply of PYUSD is 539,186,538 tokens.
  • Total Supply: The total supply of PYUSD is 539,186,538 tokens.

Trade PYUSD

Uncover smooth transactions with PayPal USD! To do so, head over to our trading page and secure your first PYUSD tokens.

Risk Disclosure Statement

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Cryptology may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.