PayPal USD ($PYUSD) is a stablecoin on Ethereum that’s fully backed by US dollar deposits, US treasuries, and similar cash equivalents.

PayPal USD ($PYUSD) is a stablecoin on Ethereum that’s fully backed by US dollar deposits, US treasuries, and similar cash equivalents. PayPal USD is designed to maintain a stable $1 USD value.

There are no fees to buy, sell, hold or transfer PYUSD to eligible US PayPal Balance accounts. There is a fee to convert between PYUSD and other cryptos.