PayPal USD

$2.9B market cap

Issued by Paxos · reviewed 8 September 2026

Market cap: $2.89B +0.53% 7d
30-day trend
Volume / market cap: 2.0%
Peg drift, 30 days: 0.05%

Market data as of 8 September 2026, the same daily snapshot the tracker publishes. Peg drift is the largest single-day distance from par over the last 30 days, for USD-pegged tokens only.

Last verified 2026-06-27. All fields shown are verified; 4 tracked fields are not yet recorded.

PayPal USD (PYUSD) is a U.S. dollar-denominated stablecoin issued by Paxos Trust Company, fully backed by U.S. dollar deposits and equivalents.

01

Instrument facts

8 of 12 tracked fields recorded

Symbol	PYUSD
Peg	USD
Backing	Fiat backed
Status	Active
Launched	2023
Networks	L1 EVM Ethereum L1 non EVM Solana, Stellar
Specifications	Backing Fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and similar cash equivalents. Auditor KPMG LLP Reserve reporting Monthly reserve reports and third-party attestations are published. Redemption Redeemable 1:1 for U.S. dollars through PayPal and Venmo platforms. KYC required Yes
Use cases	Payments, Trading

02

Supply by chain

6 chains · $2.9B total

Chain	Supply
Ethereum	$1.8B
Solana	$733M
Arbitrum	$298M
Flow	$70M
Polygon	$10M
Sei	$2M

Chains holding at least $1M of this token, from the daily cross-chain compilation. The total may differ from the market capitalization above, which is a separate measurement.

03

Contract addresses

7 chains

Chain	Address
Arbitrum One	`0x46850ad61c2b7d64d08c9c754f45254596696984`
Ethereum	`0x6c3ea9036406852006290770bedfcaba0e23a0e8`
Ink	`0x142cdc44890978b506e745bb3bd11607b7f7faef`
Polygon PoS	`0x99af3eea856556646c98c8b9b2548fe815240750`
Solana	`2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo`
Stellar	`CCCRWH6Q3FNP3I2I57BDLM5AFAT7O6OF6GKQOC6SSJNDAVRZ57SPHGU2`
X Layer	`0x87b4a8176b3df6b71e26cc095edcaf4db07506b4`

Addresses as recorded for this token. Verify against the issuer's own published address before sending funds.

Official site · Whitepaper

04

Background

PayPal USD (PYUSD) is a stablecoin launched in August 2023, issued by Paxos Trust Company on behalf of PayPal. It is designed to maintain a stable value by being pegged to the U.S. dollar. PYUSD is actively in circulation and can be used for transactions. It is redeemable 1:1 for U.S. dollars through PayPal and Venmo platforms. PYUSD is fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and similar cash equivalents. KPMG LLP conducts monthly attestations of its reserves.

Compiled from issuer disclosures, on-chain data and market data. Paxos · Methodology