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PYUSD/USD: Convert PayPal USD (PYUSD) to United States Dollar (USD)

1 PayPal USD equals $1.00 United States Dollar

Last update: 2:39 PM, July 21, 2024

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Overview

About PayPal USD (PYUSD)

PayPal USD (PYUSD) is a stablecoin pegged to the U.S. dollar. PYUSD is redeemable on a 1:1 basis for U.S. dollars and collateralized by U.S. dollars held in cash or cash equivalents.

PayPal USD (PYUSD) is a stablecoin issued by Paxos, a leading regulated blockchain infrastructure and tokenization platform. PYUSD is designed to maintain a stable value over time, relative to the U.S. dollar. This digital currency is fully backed by U.S. dollar deposits, U.S. treasuries, and cash equivalents, ensuring that each PYUSD token is equivalent to 1 USD. PYUSD operates on the Ethereum blockchain, a platform known for its programmability, making it a useful digital currency that can be integrated into public blockchains and help bridge the traditional economy and Web3.

PYUSD operates on the Ethereum blockchain, a decentralized platform that runs smart contracts. As a stablecoin, PYUSD is designed to maintain a steady value over time relative to the U.S. dollar. This is achieved by backing each PYUSD token with U.S. dollar deposits, U.S. treasuries, and cash equivalents. The reserves for PYUSD are held 100% in these assets, ensuring that customer funds are available for 1:1 redemption with Paxos. The reserves and the issuance of PYUSD are subject to strict regulatory oversight by the New York State Department of Financial Services, ensuring transparency and trust in the system.

PYUSD aims to provide inclusive, broad access to the financial system and enable fast and efficient money movement. As a programmable digital currency, PYUSD can be built into public blockchains, linking the traditional economy and Web3. This makes it a useful tool for developers to build new services and products on public blockchains. PYUSD can also be used for person-to-person payments, funding purchases, and converting other supported cryptocurrencies to and from PayPal USD. It is designed to reduce friction for in-experience payments in virtual environments, facilitate fast transfers of value, enable direct flows to developers and creators, and foster the continued expansion into digital assets.

PayPal USD was launched on August 7, 2023, by PayPal, a company that has been at the forefront of the digital payment revolution for more than 20 years. The launch of PYUSD marked PayPal's entry into the stablecoin market, aiming to contribute to the opportunities stablecoins offer for payments. The issuance of PYUSD is performed by Paxos Trust Company, a fully licensed limited purpose trust company. Paxos is known for its products that form the foundation for a new, open financial system that can operate faster and more efficiently. The launch of PYUSD is part of PayPal's commitment to responsible innovation and compliance, and its track record of delivering new experiences to its customers.

How PayPal USD (PYUSD) and United States Dollar (USD) differ

PayPal USD (PYUSD) and the US Dollar (USD) are both tied to the value of the American dollar, but they operate in fundamentally different realms. PYUSD is a stablecoin, a type of digital currency issued by Paxos and operating on the Ethereum blockchain. It aims to maintain a stable value over time, relative to the USD, and is fully backed by U.S. dollar deposits, U.S. treasuries, and cash equivalents. This ensures that each PYUSD token is equivalent to 1 USD. PYUSD's programmability allows it to be integrated into public blockchains, bridging the traditional economy and Web3. On the other hand, the USD is a traditional fiat currency, issued and regulated by the U.S. government, and used as the standard form of payment in the United States. Unlike PYUSD, the USD operates within the traditional banking system and is not programmable or integrated into blockchain technology. PYUSD, with its potential for inclusive, broad access to the financial system and fast, efficient money movement, represents a new frontier in digital assets, while the USD remains a cornerstone of the global economy.

PayPal USD Markets

PayPal USD is climbing this week.

The current price of PayPal USD is $1.00 per PYUSD. With a circulating supply of 365,017,599.44 PYUSD, it means that PayPal USD has a total market cap of $364,175,369.46. The amount of PayPal USD traded has fallen by $121,063.30 in the last 24 hours, which is a 2.18% decrease. Additionally, in the last day, $5,565,426.58 worth of PYUSD has been traded.

Market cap

$364.2M

Volume (24h)

$5.6M

Circulating supply

365.0M PYUSD

FAQ

How much is 1 PayPal USD in USD?

Right now, 1 PayPal USD is worth about $1.00.

How much PYUSD could I buy for 1 USD?

Based on the current rate, you could get 1 PYUSD for 1 USD.

How much has the price of PayPal USD changed?

PayPal USD price has been on the rise. Since yesterday, the exchange rate of PayPal USD has increased. Since last month, the exchange rate of PayPal USD has increased. Since this time last year, the price of PayPal USD has decreased.

How do I calculate or convert PYUSD to USD?

You can use our PYUSD to USD calculator at the top of this page to convert any amount of PYUSD to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 5 PYUSD. Inversely, 5 PYUSD will cost about 5 USD.

How can I buy 1 PayPal USD on Coinbase?

PayPal USD is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy PayPal USD.

What are assets similar to PayPal USD that I can buy?

There are a number of crypto assets that have the a similar or comparable market cap to PayPal USD, including Tellor, Helium Mobile, and EthereumPoW. For a more robust list of assets to explore, jump to the asset page dedicated to PayPal USD.

Conversion tables

The exchange rate of PayPal USD is increasing.

The current value of 1 PYUSD is $1.00 USD. In other words, to buy 5 PayPal USD, it would cost you $5.00 USD. Inversely, $1.00 USD would allow you to trade for 1.00 PYUSD while $50.00 USD would convert to 50.00 PYUSD, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 0.04%. Meanwhile, in the last 24 hours, the rate has changed by 0.02%, which means that the the highest exchange rate of 1 PYUSD to United States Dollar was 1.0001 USD and the lowest 24 hour value was 1 PYUSD for 0.9993 USD. This time last month, the value of 1 PYUSD was $1.00 USD, which is a 0.12% increase from where it is now. Looking back a year, PayPal USD has changed by $236,492.17 USD. That means that in a single year, the value of PayPal USD has shrank by 100%.

PYUSD to USD

Amount
Today at 2:39 pm
0.5 PYUSD
$0.50
1 PYUSD
$1.00
5 PYUSD
$5.00
10 PYUSD
$10.00
50 PYUSD
$50.00
100 PYUSD
$99.99
500 PYUSD
$499.97
1,000 PYUSD
$999.93

USD to PYUSD

Amount
Today at 2:39 pm
0.5 USD
0.50 PYUSD
1 USD
1.00 PYUSD
5 USD
5.00 PYUSD
10 USD
10.00 PYUSD
50 USD
50.00 PYUSD
100 USD
100.01 PYUSD
500 USD
500.04 PYUSD
1,000 USD
1,000.07 PYUSD

Today vs. 24 hours ago

Amount
Today at 2:39 pm
24 hours ago
24H Change
0.5 PYUSD
$0.50
$0.50
+0.02%
1 PYUSD
$1.00
$1.00
+0.02%
5 PYUSD
$5.00
$5.00
+0.02%
10 PYUSD
$10.00
$10.00
+0.02%
50 PYUSD
$50.00
$49.99
+0.02%
100 PYUSD
$99.99
$99.98
+0.02%
500 PYUSD
$499.97
$499.88
+0.02%
1,000 PYUSD
$999.93
$999.75
+0.02%

Today vs. 1 month ago

Amount
Today at 2:39 pm
1 months ago
1M Change
0.5 PYUSD
$0.50
$0.50
+0.12%
1 PYUSD
$1.00
$1.00
+0.12%
5 PYUSD
$5.00
$4.99
+0.12%
10 PYUSD
$10.00
$9.99
+0.12%
50 PYUSD
$50.00
$49.93
+0.12%
100 PYUSD
$99.99
$99.87
+0.12%
500 PYUSD
$499.97
$499.34
+0.12%
1,000 PYUSD
$999.93
$998.69
+0.12%

Today vs. 1 year ago

Amount
Today at 2:39 pm
1 year ago
1Y Change
0.5 PYUSD
$0.50
$118,246.59
-100.00%
1 PYUSD
$1.00
$236,493.17
-100.00%
5 PYUSD
$5.00
$1,182,465.87
-100.00%
10 PYUSD
$10.00
$2,364,931.74
-100.00%
50 PYUSD
$50.00
$11,824,658.70
-100.00%
100 PYUSD
$99.99
$23,649,317.40
-100.00%
500 PYUSD
$499.97
$118,246,587.00
-100.00%
1,000 PYUSD
$999.93
$236,493,174.00
-100.00%

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