USD-pegged · fiat-backed · #9 by USD value
PayPal USD (PYUSD) is a USD-pegged fiat-backed stablecoin, backed by cash & t-bills (paypal). It currently ranks #9 among tracked stablecoins by circulating supply, and is deployed across 19 blockchains. Data is updated daily at 00:00 UTC from DefiLlama.
| Chain | Share | Supply |
|---|---|---|
| Ethereum | 65.1% | $1.73B |
| Solana | 25.3% | $673.4M |
| Arbitrum | 6.4% | $169.9M |
| Flow | 2.6% | $69.7M |
| Polygon | 0.4% | $10.1M |
| Sei | 0.1% | $3.1M |
| Berachain | 0.0% | $172,275 |
| Cardano | 0.0% | $199 |
| Avalanche | 0.0% | $52 |
| Tron | 0.0% | $23 |
| Ink | 0.0% | $22 |
| Plume Mainnet | 0.0% | $5 |
PayPal USD (PYUSD) is a USD-pegged stablecoin backed by cash & t-bills (paypal). Its peg mechanism is fiat-backed, and it currently ranks #9 among tracked stablecoins by circulating supply.
PYUSD has a circulating supply of $2.66B (USD equivalent). Data updates daily at 00:00 UTC from DefiLlama.
PYUSD is backed by Cash & T-bills (PayPal). This means holders' claims are collateralized in that form, with reserves reported by the issuer.
PYUSD is deployed across 19 blockchains, with Ethereum holding the largest share of supply. See the Chain Distribution section on this page for the full breakdown.
PYUSD shares a USD peg with USDT and USDC — the market's two largest stablecoins — but differs in issuer, backing composition, and typical use cases. USDT and USDC together account for the majority of USD stablecoin supply; PYUSD ranks #9.
| Full Name | PayPal USD |
| Symbol | PYUSD |
| Peg | USD |
| Peg Mechanism | fiat-backed |
| Backing | Cash & T-bills (PayPal) |
| Chains Deployed | 19 |
| CoinGecko | View on CoinGecko → |
| Data Source | DefiLlama → |
| Last Updated | 2026-07-27 · refreshes daily 00:00 UTC |