Paxos Trust Company, LLC (regulated by the New York State Department of Financial Services), in partnership with PayPal.
100 % backed by U.S. dollar deposits, short-term U.S. Treasuries, and cash equivalents (including overnight reverse repos), held in segregated accounts with monthly independent transparency reports.
Native SPL token on Solana pegged to the U.S. dollar. The first major stablecoin on Solana to adopt Token Extensions; Paxos retains authority to freeze or revoke PYUSD holdings as needed.
Backed by PayPal’s vast user base (400 M+ active users), enabling fee-free on- and off-ramps via the PayPal app.
PYUSD
