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About PayPal USD
PayPal USD (PYUSD) is a US dollar-denominated stablecoin designed to bridge traditional finance with blockchain technology for real-world payments. It is 100% backed by U.S. dollar deposits, short-term U.S. Treasuries, and similar cash equivalents, and is redeemable 1:1 for U.S. dollars. Issued by Paxos Trust Company, PYUSD is available across multiple networks including Ethereum, Solana, Arbitrum, and Stellar, enabling users to send, receive, and spend digital dollars with the trust associated with PayPal's fintech ecosystem.
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