USD1vsPYUSD
World Liberty Financial USD vs PayPal USD — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
USD1 — World Liberty Financial USD
PYUSD — PayPal USD
30-day peg stability dotted line = target · both charts share one scale
What the last 30 days show
Over the last 30 days USD1 supply moved -10.1% and PYUSD -2.4% — PYUSD grew faster. PYUSD held the tighter band: worst deviation 5 bps against 18 bps.
Key differences
- USD1 is roughly 1.4× larger than PYUSD by USD circulation value ($4.03B vs $2.78B).
- USD1 ranks #5 while PYUSD ranks #9 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 — USD1 holds us treasuries, PYUSD holds cash & t-bills (paypal).
- PYUSD is deployed on 19 chains — much broader coverage than USD1's 8.
Full comparison table
| Metric | USD1 | PYUSD |
|---|---|---|
| USD circulation value | $4.03B | $2.78B |
| Rank (by USD value) | #5 | #9 |
| Peg | USD | USD |
| Mechanism | fiat-backed | fiat-backed |
| Backing | US Treasuries | Cash & T-bills (PayPal) |
| Chains deployed | 8 | 19 |
| Primary chain | Ethereum | Ethereum |
| Issuer | World Liberty Financial | Paxos Trust Company (for PayPal) |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between USD1 and PYUSD?
Both track USD, so they compete for the same use cases. USD1 holds us treasuries; PYUSD holds cash & t-bills (paypal). USD1 ranks #5 by USD value and PYUSD ranks #9.
Which is bigger, USD1 or PYUSD?
USD1 is larger, with $4.03B in circulation vs $2.78B for PYUSD. That's roughly 1.4× the size.
Is USD1 safer than PYUSD?
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 USD1 and PYUSD?
Yes. USD1 and PYUSD 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 USD1 or PYUSD?
The right choice depends on your use case. Consider: which chain do you need? USD1 is available on 8 chains and PYUSD on 19. 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.