PayPal USD

PayPal USD is a stablecoin issued by Paxos Trust Company and associated with the PayPal payments network, designed to maintain a steady value of one US dollar per token. It is intended for people and businesses who want to move dollar-denominated value digitally without exposure to the price swings common in other digital assets. The stated use case is facilitating payments, much as a digital stand-in for a conventional dollar balance.

Each token is backed by a combination of US dollar deposits, short-term US Treasury securities, and similar cash equivalents held in reserve, and holders can redeem tokens for US dollars at a one-to-one ratio through Paxos. The token exists across several blockchains simultaneously, including Ethereum, Solana, Polygon, Arbitrum, Starknet, and Stellar, meaning settlement mechanics depend on whichever underlying network carries a given transaction. No native consensus algorithm belongs to PYUSD itself; it inherits the consensus rules of whichever host chain processes each transfer.

The data stored here contains no fee stream attributable to the PYUSD protocol itself, which means fee-based measures such as protocol revenue or fee yield are not applicable to this asset. Paxos, as the issuer, earns returns on the reserve assets backing the supply, but those economics belong to the issuing company rather than to token holders, and no figures representing that income are present in this dataset. The 30-day circulating supply figure stands at 2,856,457,497 tokens on a point-in-time basis, and the 30-day supply change of 3.399922 percent reflects how quickly new tokens are being minted or redeemed over that window.