PayPal USD PYUSD
Rank #39 by market cap
Last 7 days
CM Profile: PayPal USD
Cryptominium Profile. What we have established, measured and written about PYUSD, and what we have not.
- Measured
- Selling $100,000 on Kraken's order book lost 0.02%, on 9 October 2026.
- Its price, recorded by us every day since 9 August 2026.
- Written, with sources
Read from our own records when this page was made. It describes what we know, and is not a view on whether to hold PYUSD. How each part is worked out
What changed
Week to 9 October- Price down 0.1% since 2 October.
- Since 9 October, PayPal USD's token on Solana has a mint authority set, held by AxJk…kzbu, read on-chain.
From our own measurements only, each against the month before. We do not say why a price moves. How this is worked out · Every coin this week
What it actually costs to sell PYUSD
Selling $100,000 of PYUSD into each exchange’s resting bids, measured against the mid price:
| Exchange | Lost | Got back | Measured |
|---|---|---|---|
| Kraken PYUSD/USD | 0.02% | $99,976 | 2026-10-09 |
Exchange figures need an account there (and KYC, a permitted country, the tokens already deposited), are before trading fees, and are never averaged with the on-chain figure. Binance is not included: it refuses requests from the region our servers are in. How this is measured →
Watch this number instead of remembering it. A free account keeps PYUSD on a list, records where it stood the day you added it, and emails you if selling it on these exchanges gets materially harder — one message, not a series. The measurement itself stays public; the account is for being told when it moves without you looking.
What PayPal USD is
PayPal USD (PYUSD) is a dollar stablecoin launched in 2023 by PayPal, issued by the regulated trust company Paxos. It is notable less for its technology than for who is behind it: the first dollar stablecoin issued by a major mainstream payments company.
It is backed by dollar deposits, short-term Treasuries and cash equivalents, with monthly reserve reports, and it can be held, sent and redeemed inside PayPal's own products as well as used on public blockchains.
It is fully centralised, and this is by design rather than oversight. Paxos can freeze or seize tokens, redemption depends on PayPal and Paxos continuing to operate the product, and availability is limited by jurisdiction and PayPal's own terms. For most users that is an acceptable trade for the familiarity and consumer protections of a regulated payments company — but it is the opposite of the censorship-resistance argument that motivated cryptocurrency in the first place, and it is worth being clear about which of those you are buying.
What PayPal USD can do
Selling $100,000 on Kraken lost 0.02% against the mid price, before trading fees. Check your own amount →
Our own measurement · measured 9 October 2026
PYUSD is designed to be worth one dollar. Paxos, which issues it for PayPal, says the reserves are held entirely in dollar deposits, US Treasuries and cash equivalents, and publishes a report every month. It holds for as long as those reserves do.
Source: Paxos: PayPal USD · checked 2 October 2026
Paxos redeems PYUSD for dollars one for one for its own customers. Anyone who is not its customer sells it elsewhere.
Source: Paxos: PayPal USD · checked 2 October 2026
What a coin can do is not a reason to buy it or to sell it. Each answer names its source and the day we read it; where we could not source one, the row is left out. How these are written · Every coin we have written up
Where PYUSD lives
On Solana, a mint authority can create more of the token and a freeze authority can freeze it in a holder's account; both are read from the token itself, every day. On Ethereum, Base and BNB Chain, GoPlus's analysis of each contract is read weekly: whether it has a function to block addresses or pause transfers, and whether an owner holds it. That is GoPlus's reading, not ours. Where a token exists on several chains, one copy's settings say nothing about the original coin.
Always verify a contract address against the project's own site before sending anything. Addresses are shown as published by CoinGecko, not as an endorsement — and identical-looking tokens on other chains are the most common way people lose money here.
Price change
PayPal USD data synced 3m ago from CoinGecko. Figures shown in USD. This page is market information, not financial advice — and nothing here is a recommendation to buy or sell PYUSD.