How to buy PayPal USD (PYUSD)

How to buy and use PayPal USD (PYUSD)

PayPal USD (PYUSD) is a stablecoin launched in 2023. It is issued by Paxos Trust Company and is designed to maintain a 1:1 value ratio with the US dollar. The token is backed by US dollar deposits, short-term US Treasuries, and similar cash equivalents.

Users typically use PYUSD as a stable medium of exchange to avoid the volatility of other cryptocurrencies. It is used for payments and as a bridge between traditional financial systems and Web3 applications.

To use PYUSD, you can hold it in a compatible digital wallet or trade it on supported exchanges. Because it is an asset-backed stablecoin, its value depends on the reserves held by the issuer and the ability to redeem the token for the underlying assets.

Where PYUSD is available

PYUSD is available on several centralized exchanges and decentralized platforms.

Centralized exchanges with verified market pairs include:

• Bybit
• Gate
• WEEX
• Kraken
• OKX
• KuCoin
• Bitget
• BingX
• Hotcoin
• HTX
• Bullish
• Deepcoin
• Bitrue
• XBO.com
• Bitstamp by Robinhood
• BVOX
• Bitso
• Crypto.com Exchange

Decentralized exchanges (DEXs) with verified pools include:

• Uniswap
• Curve
• Orca
• Raydium
• Meteora
• PancakeSwap
• StellarTerm

Additionally, Interactive Brokers has added PYUSD to its trading options through partnerships with Zerohash and Paxos.

Network and redemption caveats

PYUSD operates across multiple blockchain networks. You must verify the correct contract address for the network you are using to avoid loss of funds.

Verified contract addresses include:

• Ethereum: 0x6c3ea9036406852006290770bedfcaba0e23a0e8
• Solana: 2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo
• Polygon: 0x99aF3EeA856556646C98c8B9b2548Fe815240750
• Stellar: CCCRWH6Q3FNP3I2I57BDLM5AFAT7O6OF6GKQOC6SSJNDAVRZ57SPHGU2
• Arbitrum: 0x46850ad61c2b7d64d08c9c754f45254596696984
• X Layer: 0x87b4a8176b3df6b71e26cc095edcaf4db07506b4

PYUSD is designed for redemption on a 1:1 basis with Paxos. However, not all exchanges support the same networks for deposits and withdrawals. You should check the specific network support of an exchange before sending tokens.

Custody, depeg, and issuer risks

The stability of PYUSD depends on the Paxos Trust Company. Paxos is regulated by the New York State Department of Financial Services. To provide transparency, the issuer publishes monthly reserve reports and attestations from an independent accounting firm, WithumSmith+Brown, PC.

Risks associated with PYUSD include:

• Issuer Risk: The value of the token relies on the solvency and regulatory standing of Paxos.
• Depeg Risk: Like all stablecoins, PYUSD can deviate from its 1:1 peg during periods of extreme market stress or if reserves are questioned.
• Verification Risk: Deposit and withdrawal support is not verified for many of the listed trading routes.
• Compliance Risk: KYC requirements and account features vary by country.

If you choose self-custody, use the official explorer links to verify transactions and addresses.

Sources and methodology

The trading routes in this guide come only from verified market-pair rows in our database. We use web research and CMC news for background and risk context. Information from CoinMarketCap page scrapes is treated as low-confidence context and is not used as proof of fees or contract safety. Live market values, such as current price and volume, are omitted because they change frequently.