PYUSDvsUSD0
PayPal USD vs Usual USD — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
PYUSD — PayPal USD
USD0 — Usual USD
30-day peg stability dotted line = target · both charts share one scale
What the last 30 days show
Over the last 30 days PYUSD supply moved -2.4% and USD0 -0.3% — USD0 grew faster. PYUSD held the tighter band: worst deviation 5 bps against 18 bps.
Key differences
- PYUSD is roughly 5.0× larger than USD0 by USD circulation value ($2.78B vs $550.8M).
- PYUSD ranks #9 while USD0 ranks #19 among all tracked stablecoins.
- Both are pegged to the same currency (USD), so they compete directly for the same use cases.
- Both are fiat-backed stablecoins, so the mechanism is not what separates them.
- Reserves differ — PYUSD holds cash & t-bills (paypal), USD0 holds tokenized us treasuries (usual).
- PYUSD is deployed on 19 chains — much broader coverage than USD0's 2.
Full comparison table
| Metric | PYUSD | USD0 |
|---|---|---|
| USD circulation value | $2.78B | $550.8M |
| Rank (by USD value) | #9 | #19 |
| Peg | USD | USD |
| Mechanism | fiat-backed | fiat-backed |
| Backing | Cash & T-bills (PayPal) | Tokenized US Treasuries (Usual) |
| Chains deployed | 19 | 2 |
| Primary chain | Ethereum | Ethereum |
| Issuer | Paxos Trust Company (for PayPal) | Usual |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between PYUSD and USD0?
Both track USD, so they compete for the same use cases. PYUSD holds cash & t-bills (paypal); USD0 holds tokenized us treasuries (usual). PYUSD ranks #9 by USD value and USD0 ranks #19.
Which is bigger, PYUSD or USD0?
PYUSD is larger, with $2.78B in circulation vs $550.8M for USD0. That's roughly 5.0× the size.
Is PYUSD safer than USD0?
Neither is inherently safer. Safety turns on reserve composition, issuer transparency, redemption rights and regulatory oversight — none of which this page audits. Both use a fiat-backed model, so the difference sits in the issuer and the reserves rather than the design. Read each issuer's most recent reserve attestation before choosing.
Can I convert between PYUSD and USD0?
Yes. PYUSD and USD0 both trade on major centralized and decentralized exchanges. Since both track USD, the exchange rate is typically very close to 1:1. Direct swap protocols on Ethereum, Solana, and other chains offer the tightest spreads.
Should I choose PYUSD or USD0?
The right choice depends on your use case. Consider: which chain do you need? PYUSD is available on 19 chains and USD0 on 2. What backing do you prefer? What's your integration surface (exchanges, DeFi protocols, payment providers)? Both have deep liquidity, so market cap alone shouldn't decide it.