---
title: "PayPal USD (PYUSD) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/pyusd-paypal/"
description: "Build-time stablecoin profile for PayPal USD (PYUSD). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-06-03"
---



# PayPal USD (PYUSD)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

PayPal's KPMG-attested PYUSD has crossed $4B with one of the cleanest reserve profiles tracked; the open question is whether PayPal's 400M users will ever use it natively.

PYUSD crossed $4 billion in circulation and the reserve composition remains almost aggressively boring: 97% {{term:treasury}}Treasury{{/term}} reverse repos, 3% cash, KPMG-{{term:attestation}}attested{{/term}}, under Paxos's OCC national trust charter. The A- safety grade, with a DEWS reading that stays well clear of the alarm end of the stress scale and $149M in effective DEX TVL across 53 pools, puts PayPal's dollar in the top tier by every structural metric Pharos tracks. Seven chains, zero-fee {{term:redemption}}redemption{{/term}}, and a Morpho-sourced 2.3% yield opportunity for those willing to put it to work — the product is technically unimpeachable. The lingering question has shifted from whether PYUSD can compete to whether PayPal's 400-million-user base will ever use it natively on-chain, or if the $4B represents crypto-native capital parking in a safe harbor rather than the mass adoption play PayPal pitched to investors.

## Collateral

U.S. dollar deposits, U.S. Treasury securities, and reverse repurchase agreements

## Peg Mechanism

Direct 1:1 redemption through PayPal/Paxos

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| United States | NYDFS | Limited Purpose Trust Charter |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x6c3ea9036406852006290770bedfcaba0e23a0e8` | 6 |
| arbitrum | `0x46850ad61c2b7d64d08c9c754f45254596696984` | 6 |
| solana | `2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo` | 6 |
| stellar | `PYUSD-GDQE7IXJ4HUHV6RQHIUPRJSEZE4DRS5WY577O2FY6YQ5LVWZ7JZTU2V5` | 7 |
| flow | `0x99af3eea856556646c98c8b9b2548fe815240750` | 6 |
| polygon | `0x99af3eea856556646c98c8b9b2548fe815240750` | 6 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/pyusd-paypal.