PYUSD (PayPal USD): A Beginner’s Guide to PayPal’s Stablecoin

What is PYUSD (PayPal USD)?

PayPal USD (PYUSD) is a fully-backed stablecoin introduced by PayPal, one of the most trusted names in digital payments. Issued by Paxos and pegged 1:1 with the US dollar, PYUSD operates on the Ethereum blockchain as an ERC-20 token. It serves as a bridge between traditional finance and the Web3 ecosystem, offering secure, efficient, and programmable digital transactions.

Key Features of PYUSD

1. Stability and Security

• Fully Regulated: PYUSD is subject to strict oversight by the New York State Department of Financial Services.
• 1:1 Backing: Customer funds are backed 100% by U.S. dollar deposits, U.S. treasuries, and cash equivalents.
• Protected Reserves: Client assets are held bankruptcy-remote, ensuring funds remain secure even in the event of insolvency.

2. Transparency You Can Trust

Monthly attestation reports for PYUSD reserves are conducted by WithumSmith+Brown, PC, a leading independent accounting firm. These reports confirm full backing, giving users confidence in the coin's reliability.

3. Built for Developers

As an ERC-20 token, PYUSD is programmable and ideal for integration into decentralized applications (dApps), payment systems, and more.

How to Use and Access PYUSD

Where to Get PYUSD?

You can acquire PYUSD via:

• Coins.ph: The Philippines' leading crypto platform for buying and selling PYUSD.
• PayPal and Venmo: Seamlessly send and receive PYUSD through PayPal’s global network.

How to Transfer PYUSD to Coins.ph?

1. Link your PayPal account to Coins.ph.
2. Select PYUSD in your PayPal wallet.
3. Follow the transfer instructions on Coins.ph for a quick and easy transaction.

Why Choose PYUSD?

1. A New Era of Financial Accessibility

Stablecoins like PYUSD empower users by combining the speed and inclusivity of digital payments with the reliability of traditional financial systems.

2. The Future of Money Movement

PYUSD enables low-cost, near-instantaneous cross-border payments, ideal for remittances, trading, and everyday transactions.

3. Trusted Partnerships

• PayPal: A pioneer in digital payments with over 20 years of experience.
• Paxos: A leading regulated blockchain infrastructure provider with a mission to modernize global finance.

Recent PYUSD Developments

Since its launch in August 2023, PYUSD has gained significant traction. Recent milestones include:

• "PayPal Launches U.S. Dollar Stablecoin": A historic step in the evolution of digital payments.
• Integration with MultiMoney: Enabling fast, low-cost transfers for a global audience.
• Availability on Coins.ph: Making it easier than ever for Filipinos to access stablecoins.

Why PYUSD Matters for the Crypto Ecosystem

1. Empowering Global Payments

PYUSD connects traditional finance with decentralized blockchain systems, providing unparalleled convenience for users worldwide.

2. Enhancing Trust in Stablecoins

With regulatory compliance and monthly audits, PYUSD sets a new standard for transparency in the stablecoin market.

3. Pioneering the Web3 Economy

PYUSD unlocks opportunities for innovation by providing a reliable digital asset for developers, businesses, and consumers alike.