PayPal stablecoin

Designed for payments.

1 USD: 1 PYUSD on PayPal

Introducing the new cryptocurrency, PayPal USD (PYUSD).1 It’s a stablecoin backed by secure and highly liquid assets. As PYUSD rolls out, you’ll be able to buy, sell, hold, and transfer it in our app or on our site.

Get Started
Looking to partner with us to expand PYUSD? Send us an email at: pyusd@paypal.com.
A sample PayPal app screen showing the different crypto offerings

Stablecoin simplified

Backed by reserves

PayPal USD is designed to maintain a stable $1 USD value. It’s backed by dollar deposits, US treasuries, and cash equivalents.

Easy in, easy out

Buy, sell, hold, and transfer PayPal USD in our app or on our site.2 Send it to friends in the US on PayPal without fees. Or send to Ethereum wallet addresses that accept PYUSD in just a few steps. Network fees may apply.

Checkout and more

Check out with crypto and we’ll sell your PayPal USD so you can pay for your items. Plus, you can use our convert feature to buy the other cryptos we support. Fees apply.2

Here’s what you can do with PayPal USD

Buy and sell

Buy and sell PayPal USD in the app or on our site.

Convert

Use the convert feature to buy the other cryptos we support. Fees apply.2

Pay

Check out with crypto at millions of online stores. We’ll sell your PayPal USD so you can pay for your items.

Send and receive

Send PayPal USD to friends in the US on PayPal without fees. Plus, you can transfer to Ethereum wallet addresses that accept PYUSD in just a few steps.2

Open and programmable

Developers can use PayPal USD as the payments layer to build new services and products on public blockchains. PYUSD is initially built on Ethereum-a blockchain built for programmability, and compatible with the most widely used exchanges, wallets and dApps.

Learn More

Frequently asked questions

Ready to get started?

Buy, sell, hold, and transfer it to our app or on our site.

Get Started with PayPal USD

Looking for ways to manage your finances?

Crypto
 
Direct Deposit
 
Add Cash
 
Savings
 
PayPal Debit Card
 
Pay Bills
 

Trust the way you pay

Easily and securely spend, send, and manage your transactions—all in one place. Download the app on your phone or sign up for free online.

Scan the code or enter your number to get the app.

A QR code you can scan with the camera on your phone to download the PayPal app
By clicking Send Link you agree to receive a text message with a link to the PayPal app. Message and data rates may apply.
Get the App
1
Issuance of and custody of PayPal USD is performed by Paxos Trust Company, LLC. Learn more in PayPal's Cryptocurrency Terms, and in the Paxos Terms that also apply to PYUSD.
2
PayPal Balance account required to access cryptocurrency. When you buy or sell cryptocurrency, including when you check out with crypto, we will disclose an exchange rate and any fees you will be charged for that transaction. For currencies other than PYUSD, the exchange rate includes a spread that PayPal earns on each purchase and sale. Learn more about cryptocurrency fees.
Buying and selling cryptocurrency is subject to a number of risks and may result in significant losses. See our disclosure for more details. PayPal does not make any recommendations regarding buying or selling cryptocurrency. Consider seeking advice from your financial and tax advisor. Custody, trading and transfer services for cryptocurrencies are performed for us by our licensed service provider, Paxos Trust Company, LLC or other appropriately licensed or otherwise authorized service provider.
Buying, selling, transferring, and holding cryptocurrencies is not regulated in many states, including the State of California.
All cryptocurrency prices shown are for illustrative purposes only.
PayPal, Inc. is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Buying, selling, transferring, and holding cryptocurrency with PayPal is not available in Hawaii and where prohibited by law.