PayPal USD (PYUSD)
Rank #29
Market snapshot
- Price
- $0.999908
- Market cap
- $2.8B
- 24h volume
- $134.0M
- Circulating supply
- 2,781,661,527.3755
- Total supply
- 2,781,661,527.3755
- Max supply
- N/A
What is PayPal USD?
PayPal USD is a type of stablecoin that is designed to maintain a stable value over time, specifically pegged to the U.S. dollar. It serves as a programmable digital currency that can be integrated into public blockchains, facilitating connections between the traditional economy and Web3. This stablecoin is governed by the Paxos Terms, which apply to its operations and transactions.
Key information
- Symbol
- PYUSD
- CMC rank
- #29
- Network / platforms
Arbitrum, Ethereum, Polygon, Solana
- Categories
- N/A
- Date added
- Aug 21, 2023
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Arbitrum
0x46850ad61c2b7d64d08c9c754f45254596696984Ethereum
0x6c3ea9036406852006290770bedfcaba0e23a0e8Polygon
0x99aF3EeA856556646C98c8B9b2548Fe815240750
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is PayPal USD (PYUSD)?
- PayPal USD (PYUSD) is a stablecoin designed to maintain a steady value relative to the U.S. dollar, allowing users to transact in a familiar digital currency format.
- What are the risks associated with using PayPal USD?
- Digital asset prices can be volatile. Users should verify contract addresses and networks before transferring assets and handle private keys.
- How can I verify PayPal USD before transferring?
- Verify the asset name, network, and contract details prior to any transfer to ensure security and accuracy.
- Where can I find official resources for PayPal USD?
- Official resources for PayPal USD can be found at the PayPal website and their technical documentation, including white papers and GitHub repositories.
