# PYUSD: PayPal USD

PYUSD is PayPal’s dollar stablecoin, issued by Paxos and backed by dollar deposits and short-duration US government assets.

## Key details

- **Issuer:** Paxos Trust Company
- **Reference currency:** USD
- **Backing model:** Cash and short-duration US dollar assets
- **Created:** 2023-08-07

## About

Paxos was founded in 2012 and first operated the itBit institutional bitcoin exchange. It received a New York limited-purpose trust charter in 2015, launched Paxos Standard—now USDP—in 2018, and later became the stablecoin and tokenization infrastructure behind products for partners including PayPal and the Global Dollar Network.

## Supported chains

- Arbitrum
- Ethereum
- Solana
- Stellar

- **Reference contract:** `0x6c3ea9036406852006290770BEdFcAbA0e23A0e8` (Ethereum)

## Legal jurisdiction

United States

Managed by Paxos Trust Company, N.A., a national trust bank supervised by the Office of the Comptroller of the Currency under US federal banking law.

## Sources

- [Official site](https://www.paypal.com/us/digital-wallet/manage-money/crypto/pyusd)
- [Paxos](https://www.paxos.com/newsroom/paxos-comments-on-pyusd)
- [Paxos stablecoin terms](https://www.paxos.com/terms-and-conditions/stablecoin-terms-conditions)

This directory is for research, not an endorsement or an availability promise from Fiber. Stablecoin designs, reserves, networks, and redemption terms can change.

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Fiber is a financial technology company, not a bank. Banking services are provided by SSB, Member FDIC. Funds deposited at SSB are eligible for FDIC insurance up to $250,000 per depositor, per insured bank, subject to applicable limitations and FDIC rules.