PayPal USD
Overview
PYUSD is PayPal’s dollar stablecoin, issued under a NYDFS trust charter by Paxos. It started as a consumer wallet asset inside PayPal/Venmo but its significance for payment engineers is the settlement side: it is one of the few coins accepted for settlement by both Visa and Mastercard.
PayPal also uses PYUSD for B2B payouts and cross-border disbursements, making it a practical example of one company running the same token across consumer, merchant, and network-settlement contexts.
Card-network settlement support
In both networks’ settlement sets: added by Visa in July 2025 and by Mastercard in June 2026.
Regulation & reserves
US dollar deposits, US Treasuries and cash equivalents held by Paxos Trust; monthly attestations.
Chain deployments
| Chain | Standard | Contract / asset identifier |
|---|---|---|
| Ethereum | ERC-20 | 0x6c3ea9036406852006290770BEdFcAbA0e23A0e8 |
| Solana | SPL | 2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo |
Always verify contract addresses against the issuer’s official documentation before use — lookalike tokens with identical symbols are a common scam vector.