

Market Cap
$2.88B
24h Volume
$116.39M
Circulating
2.88B PYUSD
All-Time High
$1.02
Market Cap
$2.88B
Volume (24h)
$116.39M
Circulating Supply
2.88B PYUSD
Max Supply
N/A
1 PYUSD = $1.00
| All-Time High | $1.02 (October 23, 2023) |
| All-Time Low | $0.959426 (December 5, 2024) |
PayPal USD is a fiat-backed stablecoin issued by Paxos Trust Company and distributed through PayPal and Venmo, designed to extend stablecoin utility into everyday consumer and merchant payments rather than function primarily as a trading instrument. It is redeemable 1:1 for U.S. dollars and backed by dollar deposits, short-term U.S. Treasuries, and similar cash equivalents held by Paxos, a regulated New York trust company. It is also classified as a GENIUS Act compliant stablecoin, aligning it with the U.S. federal framework for payment stablecoins.
New PYUSD is minted when Paxos receives dollar deposits and burned upon redemption, tying supply directly to reserve holdings rather than to an algorithmic or crypto-collateralized model. It is issued natively on Ethereum, Solana, Polygon, Arbitrum, Stellar, Ink, and X Layer, letting it move to whichever network offers the lowest fees for a given payment or DeFi use case. Against Tether (USDT) and Circle's USDC, PYUSD is smaller in market cap and liquidity but differentiates through direct distribution inside PayPal and Venmo's existing user base rather than reliance on exchange or DeFi flows alone.
▼ +2.03% from ATH
| $85,877.45 |
| Trade → |
| Bullish | PYUSD/USDC | $1.00 | Trade → |
| Manifest | 2B1KV6DKPANXD5IXFNXCPJXMKWQJJAYMCZFHSFU24GXO/2U1TSZSEQZ3QBWF3UNGPFC8TZMK2TDIWKNNRMWGWJGWH | $1.00 | Trade → |
At the time of writing, PayPal USD (PYUSD) trades at $1.00, with a 24-hour trading volume of $116.39M and a total market capitalization of $2.88B. The asset is currently ranked #40 among all tracked cryptocurrencies by market cap.
Over the last 24 hours, the PYUSD price has rose +0.03%. On the seven-day chart, PayPal USD has climbed +0.02%, showing consistent upward momentum across both timeframes. Short-term price swings are often amplified by liquidity conditions, news flow, and derivatives positioning, so traders should confirm signals across multiple indicators before acting.
PayPal USD's all-time high of $1.02 was set on October 23, 2023. The current market price is +2.03% below that historical peak. Distance from the all-time high is a common reference point when evaluating long-term recoveries and identifying macro support or resistance levels.
Buying PayPal USD (PYUSD) is straightforward once you know which exchange to use and which trading pair offers the best liquidity. The steps below describe the typical flow used by most investors today.
You can also use the built-in PayPal USD converter above to estimate exactly how much PYUSD you would receive for a given amount in USD before placing an order.
Whether PayPal USD is a good investment depends on your goals, time horizon, and tolerance for volatility. Like all cryptocurrencies, PYUSD carries significant market risk — prices can rise or fall sharply in a single day, and past performance is not a reliable indicator of future returns.
This page provides data and analysis for educational purposes only. It is not financial advice. Always do your own research, diversify, and never invest more than you can afford to lose.