PYUSD PayPal USD USD
USD-pegged · fiat-backed · #9 by USD value
Supply Over 90 Days
About PayPal USD
PayPal USD holds cash & t-bills (paypal) against its PYUSD supply, issued by Paxos Trust Company (for PayPal). Supply spans 18 chains, with Ethereum holding 66% of it. Figures on this page come from DefiLlama and refresh daily at 00:00 UTC.
Chain Distribution supply by blockchain
| Chain | Share | Supply |
|---|---|---|
| Ethereum | 65.7% | $1.83B |
| Solana | 24.6% | $684.0M |
| Arbitrum | 6.7% | $186.9M |
| Flow | 2.5% | $69.7M |
| Polygon | 0.4% | $10.3M |
| Sei | 0.1% | $3.1M |
| Berachain | 0.0% | $137,961 |
| Cardano | 0.0% | $199 |
| Avalanche | 0.0% | $52 |
| Ink | 0.0% | $24 |
| Tron | 0.0% | $23 |
| Plume Mainnet | 0.0% | $5 |
Supply Changes
Frequently Asked Questions
What backs PYUSD?
PYUSD is backed by cash & t-bills (paypal). The issuer is Paxos Trust Company (for PayPal). Reserve composition is as reported by the issuer; this page does not audit it.
How is PYUSD different from USDT and USDC?
USDT and USDC are the two largest USD stablecoins by circulation. PYUSD shares the USD peg but differs in issuer, reserve composition, chain mix, and where it is accepted. Use the comparison pages below for a field-by-field breakdown.
Where does the data on this page come from?
Circulating supply and chain distribution come from DefiLlama's stablecoin API; price and 24h volume come from CoinGecko. The page rebuilds daily at 00:00 UTC. Non-USD coins are converted to USD-equivalent using approximate reference rates, so those figures are indicative rather than exact.
Details
| Full Name | PayPal USD |
| Symbol | PYUSD |
| Peg | USD |
| Peg Mechanism | fiat-backed |
| Backing | Cash & T-bills (PayPal) |
| Issuer | Paxos Trust Company (for PayPal) |
| Chains Deployed | 19 |
| CoinGecko | View on CoinGecko → |
| Data Source | DefiLlama → |
| Last Updated | 2026-08-09 · refreshes daily 00:00 UTC |
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