PayPal USD (PYUSD) Stablecoin

Built for

stable

payments

1 USD : 1 PYUSD on PayPal

PayPal USD (PYUSD)1 is a stablecoin that is redeemable 1:1 for US dollars. Buy, sell, and transfer it in the app or on our site. Plus, when you hold PYUSD on PayPal, you could get 4% rewards.2

Get Started
²Annual reward rate as of today. Rewards rate is subject to change. Terms apply.
Looking to partner with us to expand expand usage PYUSD? Send us an email at: pyusd@paypal.com.

PYUSD simplified

Stablecoin reliability

PYUSD is made to have a stable value as it is pegged to the US dollar.

Earn rewards

You can get rewards for holding PYUSD in your PayPal wallet.

Checkout and more

Check out with PYUSD like you would with any other currency. Or use our convert feature to buy other tokens we support.

Ways to use PYUSD:

Buy and sell

Buy PYUSD in the app or on our site and hold at least $1 of PYUSD to get rewards.

Convert

Use the convert feature to use PYUSD to buy the other cryptocurrencies we support. Fees apply.3

Pay

More ways to pay at millions of merchants where PayPal is accepted.

Send and

receive

Send PYUSD to friends on PayPal or Venmo with no network fees. Plus, there are no transfer fees for PYUSD on Solana.

Frequently asked questions

Looking for ways to manage your finances?

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

All in the

PayPal app

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

PayPal Inc. (NLMS #910457) is licensed to engage in virtual currency business activity by the New York State Department of Financial Services.
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
Annual rewards rate as of today. Rewards rate is subject to change. Terms Apply.
PYUSD IS NOT LEGAL TENDER. PAYPAL IS A FINANCIAL TECHNOLOGY COMPANY, NOT A BANK. YOUR CRYPTOCURRENCIES HUB IS NOT A DEPOSIT ACCOUNT AND YOUR PYUSD ARE NOT DEPOSITS. PAYPAL DOES NOT INTEND FOR PYUSD REWARDS TO CONSTITUTE A SECURITIES OFFERING AND PARTICIPATION IN THE LOYALTY PROGRAM IS NOT AN INVESTMENT IN A SECURITIES OFFERING.
3
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.