PayPal USD PYUSD

Solana · Fiat-backed Stablecoin · Solana Ecosystem · Stablecoins · USD Stablecoin

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PYUSD is a USD-pegged stablecoin issued by Paxos Trust Company. It is used for payments, cross-border P2P transfers, B2B transactions, global payouts, and web3 applications across multiple blockchains. As the only stablecoin supported within the PayPal network, it leverages PayPal's decades-long experience in payments at scale, combined with the speed, cost and programmability of blockchain protocols.