PayPal USD
PayPal USD (PYUSD) is a stablecoin tracking the US dollar, fiat-backed, paying no yield. Trading -0.04% against one USD. About $2.8bn in circulation, on 19 chains (Ethereum, Solana, Arbitrum …).
In the PayPal or Venmo app (KYC there), on exchanges, or on a DEX with a self-custody wallet (no KYC). Minting and redeeming with Paxos needs an institutional account.
Who may buy is set by the issuer — check their terms.
Price, yield or minimum: check with the provider
Our source lists what PYUSD is, and where it is held (Ethereum / Solana / Arbitrum (+16)) — but states no price, yield or minimum for it. Left empty here rather than estimated.
Key facts
- Yield / return
- No yield
- Liquidity
- Traded on public markets — venues not verified
- KYC
- To buy on a market: no KYC. To mint with the issuer: KYC required.
- Figures verified
- 2026-10-11
Details
- Issuer
- Paxos (for PayPal)
- Type
- Dollar Stablecoin
- Category
- Payment Stablecoins
- Pillar
- Fixed Income
- Network
- Ethereum / Solana / Arbitrum (+16)
- Jurisdiction
- United States
- AUM
- $2,824,109,231 circulating
- EU (MiCA)
- Not authorised
Questions about PYUSD and Payment Stablecoins
- What are the largest US-dollar stablecoins right now?
- Which stablecoins are MiCA-compliant — and which ones can I no longer buy in the EU?
- Can I buy USDT, USDC or other stablecoins without KYC — and when do I need it?
- Can I still buy USDT in Germany or anywhere in the EU after MiCA — and is it legal to hold?
Buying PYUSD: common questions
How do I buy PYUSD?
In the PayPal or Venmo app (KYC there), on exchanges, or on a DEX with a self-custody wallet (no KYC). Minting and redeeming with Paxos needs an institutional account. The token runs on Ethereum / Solana / Arbitrum (+16).
Do I need KYC to buy PYUSD?
Not on the secondary market: PYUSD can be bought on a DEX without identity verification. Minting it directly with the issuer does require KYC.
Can I buy PYUSD in the EU?
Not from a regulated provider. PYUSD is not authorised under MiCA, so EU-regulated exchanges and brokers may not sell it to EU customers. Holding it is not prohibited, and you can still swap into it on a DEX from your own wallet. Issued by Paxos from the US, not by its EU entity; EU platforms such as Bitstamp removed it for MiCA.
Other Payment Stablecoins from other issuers
304 more in this category, from other issuers.
Figures last verified against a live source on 2026-10-11. Yields are variable and not guaranteed. Not investment advice. © 2026 TokenBank — operated by NumericalsAI Inc. · JSON