PayPal stablecoin

Built for payments.

1 USD : 1 PYUSD on PayPal

PayPal USD (PYUSD)1 is a stablecoin backed by secure and highly liquid assets. Buy, sell, hold, and transfer it in our app or on our site.

Get Started
Looking to partner with us to expand PYUSD? Send us an email at: pyusd@paypal.com
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Stablecoin simplified

Backed by reserves

PayPal USD is designed to maintain a stable $1 USD value. It’s backed by dollar deposits, US treasuries, and cash equivalents.

Easy in, easy out

Buy, sell, hold, and transfer PayPal USD on our app or on our site.2 Send it to friends in the US on PayPal without fees. Or send to Ethereum and Solana wallet addresses that accept PYUSD in just a few steps. Network fees may apply.

Checkout and more

Check out with crypto and we’ll sell your PayPal USD so you can pay for your items. Plus, you can use our convert feature to buy the other cryptos we support. Fees apply.2

Here’s what you

can do with PayPal USD:

Buy and sell

Buy and sell PayPal USD in the app or on our site.

Convert

Use the convert feature to buy the other cryptos we support. Fees apply.2

Pay

Check out with crypto at millions of online stores. We’ll sell your PayPal USD so you can pay for your items.

Send and receive

Send PayPal USD to friends in the US on PayPal without fees. Plus, you can transfer to Ethereum and Solana wallet addresses that accept PYUSD in just a few steps.2

Open and programmable

Developers can use PayPal USD as the payments layer to build new services and products on public blockchains. PYUSD is initially built on Ethereum and Solana blockchains built for programmability, and compatible with the most widely used exchanges, wallets, and dApps.

Learn More

Frequently asked questions

Looking for ways to manage your finances?

Crypto
 
Direct Deposit
 
Add Cash
 
PayPal Savings
 
PayPal Debit Card
 
Pay Bills
 

All in

the new

PayPal app

It’s your do-it-all digital wallet. Load up on cash back offers before you shop. Track your packages. And manage it all on the go.

1
Issuance of and custody of PayPal USD is performed by Paxos Trust Company, LLC. Learn more in PayPal's Cryptocurrency Terms, and in the Paxos Terms that also apply to PYUSD.
2
PayPal Balance account required to access cryptocurrency. When you buy or sell cryptocurrency, including when you check out with crypto, we will disclose an exchange rate and any fees you will be charged for that transaction. For currencies other than PYUSD, the exchange rate includes a spread that PayPal earns on each purchase and sale. Learn more about cryptocurrency fees.
Buying and selling cryptocurrency is subject to a number of risks and may result in significant losses. See our disclosure for more details. PayPal does not make any recommendations regarding buying or selling cryptocurrency. Consider seeking advice from your financial and tax advisor. Custody, trading and transfer services for cryptocurrencies are performed for us by our licensed service provider, Paxos Trust Company, LLC or other appropriately licensed or otherwise authorized service provider.
Buying, selling, transferring, and holding cryptocurrencies is not regulated in many states, including the State of California.
All cryptocurrency prices shown are for illustrative purposes only.
PayPal, Inc. is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Buying, selling, transferring, and holding cryptocurrency with PayPal is not available in Hawaii and where prohibited by law.