PayPal USD (PYUSD)
Asset ID: 36
PayPal USD is a stablecoin created to support the growing use of digital assets for payments. It is fully backed 1:1 by U.S. dollar deposits, short-term U.S. Treasury securities, and other cash equivalents, ensuring price stability and reliable redemption. Each PYUSD can be exchanged directly for one U.S. dollar at any time.
The token is issued by Paxos Trust Company, a regulated financial institution, and is designed to function within digital payments and decentralized finance systems, making it easier to move value between traditional finance and blockchain-based services while maintaining transparency and trust in its reserves.
Network: multichain
Category: Other
Track PayPal USD (PYUSD) price data, market metrics, historical performance and live cryptocurrency chart information on ARMCP Desk.