USDC
USD Coin
- Non-yield-bearing design
- 45 tracked chain deployments
- Deloitte reserve attestations
USD Coin (USDC) vs PayPal USD (PYUSD)
USD Coin and PayPal USD are two widely followed stablecoins. Both target the US Dollar. They share a centralized (cefi) governance model. Both use real-world-asset-backed designs. This static comparison highlights structural differences before you open the live Pharos compare tool.
PYUSD
PayPal USD
- Non-yield-bearing design
- 5 tracked chain deployments
- KPMG reserve attestations
At A Glance
Static structural differences between the two stablecoins before you switch to the live comparison tool.
| Metric | USDC | PYUSD |
|---|---|---|
| Governance | Centralized (CeFi) | Centralized (CeFi) |
| Backing | RWA | RWA |
| Peg target | US Dollar | US Dollar |
| Yield-bearing | No | No |
| Blacklist controls | No explicit blacklist flag | No explicit blacklist flag |
| Reserve signal | Deloitte attestations | KPMG attestations |
| Tracked chains | 45 deployments | 5 deployments |