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paypal stablecoin pyusd guide

The Complete Guide To PayPal Stablecoin (PYUSD)

Enter PayPal’s recent innovation: the PayPal USD (PYUSD). Launched in August 2023, PYUSD stands out as a U.S. dollar-denominated stablecoin designed to provide a stable digital counterpart to the U.S. dollar. Each PYUSD is fully backed by tangible financial assets such as U.S. dollar deposits, short-term U.S Treasuries, and similar cash equivalents, ensuring its redeemability on a 1:1 basis for U.S. dollars.