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Record sog_st_pyusd
PYUSD/PayPal USD
Also recorded as PYUSD, PayPal USD
- Lifecycle
- Active
- Issuance
- Restricted
- Reference target
- US dollar
- Primary organization
- PaxosNo additional recorded relationship
- Launch
- 2023-08-07
- Redemption
- Eligible Customers Only
- Backing
- Fiat and cash equivalents
- Stabilization
- Issuer redemption
- Last review
- 2026-06-02
- Evidence
- 7 source records
Reviewed assessment
Identity and current state
This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.A US dollar stablecoin launched by PayPal and issued by Paxos, available through PayPal and selected blockchain networks.
| Name | PayPal USD |
|---|---|
| Symbol | PYUSD |
| Aliases | PYUSD, PayPal USD |
| Asset class | Stablecoin |
| Lifecycle status | Active |
| Issuance status | Restricted |
| Canonical record ID | sog_st_pyusd |
| Route slug | pyusd |
| Record confidence | Medium |
| Last reviewed | 2026-06-02 |
- Name
- PayPal USD
- Symbol
- PYUSD
- Aliases
- PYUSD, PayPal USD
- Asset class
- Stablecoin
- Lifecycle status
- Active
- Issuance status
- Restricted
- Canonical record ID
sog_st_pyusd- Route slug
pyusd- Record confidence
- Medium
- Last reviewed
- 2026-06-02
Record coverage
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 7 |
| Reserve reports | 2 |
| Reserve components | 2 |
| Model-history events | 2 |
| Regulatory notes | 0 |
| Deployments | 4 |
| Issuer-control actions | 0 |
| Open questions | 2 |
| Events | 2 |
Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.
- Governance
- Centralized
- Primary display organization
- Paxos
- Primary display role
- Legal issuer
- Display selection mode
- Deterministic Policy
- Current relationships
- 1
- Ended relationships
- 0
- Unknown relationship state
- 0
- Freeze capability
- 0 recorded yes · 0 recorded no · 4 not recorded
- Blacklist capability
- 0 recorded yes · 0 recorded no · 4 not recorded
- Deployment control-event references
- 0
- Observed issuer-control events
- 0
- Relationship coverage
- 1 recorded relationship
| Organization | Organization category | Regulatory character | Jurisdiction | Role | Display priority | From | Until | Relationship status |
|---|---|---|---|---|---|---|---|---|
| Paxos | Company or corporate group | Not recorded in canonical data | United States | Legal issuer | Primary display | 2023-08-07 | Not yet recorded | Active relationship |
Company or corporate group
Primary displayPaxos
- Functional role
- Legal issuer
- Relationship status
- Active relationship
- Regulatory character
- Not recorded in canonical data
- Jurisdiction
- United States
- From
- 2023-08-07
- Until
- Not recorded
Mechanism
How the asset works
Reference, backing, stabilization, exit, valuation, and yield remain separate facts.- Reference target
- US dollar
- Reference kind
- Fiat
- Comparison category
- US dollar
- Target value
- 1
- Reference methodology
- Targets a US dollar reference value unless the record documents a different target value.
- Public backing model
- Fiat and cash equivalents
- Canonical backing types
- Cash, Government Securities
- Reserve component categories
- Cash, Government Securities
- Primary stabilization mechanism
- Issuer redemption
- Recorded model description
- Fiat-backed
- Redemption / exit model
- Eligible Customers Only
- Valuation source
- Public information is incomplete
- Yield / rebase profile
- None recorded
- Classification notes
- Not recorded
Reserve and redemption
Reserve and redemption
Recorded components, disclosures, reports, and redemption conditions remain explicit.Reserve components
- CashCash
- Government securitiesGovernment Securities
| Disclosure status | Available |
|---|---|
| Backing types | Cash, Government Securities |
| Summary | Paxos reserve and attestation records are tracked separately as historical records. |
| As of | 2026-06-02 |
| Profile confidence | Medium |
- Disclosure status
- Available
- Backing types
- Cash, Government Securities
- Summary
- Paxos reserve and attestation records are tracked separately as historical records.
- As of
- 2026-06-02
- Profile confidence
- Medium
| Current status | Eligible Customers Only |
|---|---|
| Settlement asset | USD |
| Eligible parties | Direct Paxos redemption requires an eligible verified Paxos account. PayPal or Venmo conversion is a separate product route and is not treated as universal direct issuer redemption. |
| Retail access | Paypal or Venmo Conversion Subject to Product Terms or Verified Paxos Account |
| Institutional access | Available to Verified Paxos Customers Subject to Terms |
| Minimum amount | Paxos may impose and update a minimum redemption amount under current terms and the Paxos User Guide. |
| Fee | Paxos states it does not charge a redemption fee; bank, wallet, network, or transfer fees may apply. |
| Settlement time | Processed after compliance checks according to the applicable Paxos redemption schedule and banking operations. |
| Regional limits | Account eligibility, supported jurisdiction, sanctions, compliance, and product restrictions apply., PayPal and Venmo availability is separate from Paxos issuer-account eligibility. |
- Current status
- Eligible Customers Only
- Settlement asset
- USD
- Eligible parties
- Direct Paxos redemption requires an eligible verified Paxos account. PayPal or Venmo conversion is a separate product route and is not treated as universal direct issuer redemption.
- Retail access
- Paypal or Venmo Conversion Subject to Product Terms or Verified Paxos Account
- Institutional access
- Available to Verified Paxos Customers Subject to Terms
- Minimum amount
- Paxos may impose and update a minimum redemption amount under current terms and the Paxos User Guide.
- Fee
- Paxos states it does not charge a redemption fee; bank, wallet, network, or transfer fees may apply.
- Settlement time
- Processed after compliance checks according to the applicable Paxos redemption schedule and banking operations.
- Regional limits
- Account eligibility, supported jurisdiction, sanctions, compliance, and product restrictions apply., PayPal and Venmo availability is separate from Paxos issuer-account eligibility.
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| 2026-06-02 | Paxos | Issuer Disclosure | Us Dollar Deposits, Us Treasuries, Cash Equivalents | Medium |
| 2026-06-07 | Paxos | Reserve Transparency Archive | Cash, Cash Equivalents, Us Treasury Bills, Not yet recorded | Medium |
Deployments and legal context
Deployments and legal context
Network state, contract identity, legal notices, and value states remain separate.| Network | Network record state | Standard | Public deployment category | Canonical deployment type | Operational state | Recorded status | Change or proposal state | Canonicality | Canonicality record state | Verification state | Contract identity state | Contract or identifier | Freeze | Blacklist | Control events | Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ethereum | Specific network recorded | Not yet recorded | Issuer- or institution-supported deployment | Issuer Supported Token | Active | Active | No separate change state recorded | Issuer-native deployment | Canonicality recorded | Verified | Identifier recorded | 0x6c3ea9036406852006290770BEdFcAbA0e23A0e8 | Not yet recorded | Not yet recorded | 0 | Ethereum PYUSD contract confirmed from PayPal's authentication guidance. |
| Solana | Specific network recorded | Not yet recorded | Issuer- or institution-supported deployment | Issuer Supported Token | Active | Active | No separate change state recorded | Issuer-native deployment | Canonicality recorded | Verified | Identifier recorded | 2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo | Not yet recorded | Not yet recorded | 0 | Solana PYUSD mint confirmed from PayPal's authentication guidance. |
| Ethereum | Specific network recorded | Not yet recorded | Issuer- or institution-supported deployment | Issuer Supported Token | Unknown or unresolved | Not yet recorded | No separate change state recorded | Issuer-native deployment | Canonicality recorded | Source-linked record; identifier not recorded | Identifier not recorded | Identifier not recorded | Not yet recorded | Not yet recorded | 0 | PYUSD Ethereum reference needs source review. |
| Solana | Specific network recorded | Not yet recorded | Issuer- or institution-supported deployment | Issuer Supported Token | Unknown or unresolved | Not yet recorded | No separate change state recorded | Issuer-native deployment | Canonicality recorded | Source-linked record; identifier not recorded | Identifier not recorded | Identifier not recorded | Not yet recorded | Not yet recorded | 0 | PYUSD Solana reference needs source review. |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
No regulatory notes have been added yet.
Evidence
Evidence
Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| PayPal USD official product page Published Not yet recorded | PayPal | Official statement or announcement Canonical: Issuer Statement | Subject-controlled source | Primary source | Entity Redemption, PYUSD overview, PayPal app availability, redemption or conversion framing, and product context, Pyusd Product and Launch Context, Pyusd Chain Expansion Context | No archive recorded | Medium |
| Paxos PayPal USD official reference Published Not yet recorded | Paxos | Official statement or announcement Canonical: Issuer Statement | Subject-controlled source | Primary source | Entity Reserve | No archive recorded | Medium |
| Paxos PYUSD page Published Not yet recorded | Paxos | Official documentation or product page Canonical: Issuer Page | Subject-controlled source | Primary source | PYUSD issuer, backing, reserve, redemption, and transparency context | No archive recorded | Medium |
| Paxos PYUSD transparency reports Published Not yet recorded | Paxos | Reserve, assurance, or financial report Canonical: Reserve Transparency Page | Subject-controlled source | Primary source | PYUSD reserve reports and transparency archive entry point | No archive recorded | High |
Known unknowns
Known unknowns and coverage
Missing or disputed facts remain visible instead of being converted into certainty.| Topic | What remains unclear | Value state | Priority | Last checked |
|---|---|---|---|---|
| Deployment and Report History | PYUSD chain-specific deployment status, monthly reserve report history, and PayPal/Paxos responsibility split need deeper documented review. | Unknown after review | Medium | 2026-06-02 |
| Paypal Paxos Roles | PYUSD PayPal app access, Paxos issuer role, reserve reports, and chain-specific support should be kept as separate documented layers. | Unknown after review | Medium | 2026-06-07 |
Deployment and Report History
PYUSD chain-specific deployment status, monthly reserve report history, and PayPal/Paxos responsibility split need deeper documented review.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-06-02
Paypal Paxos Roles
PYUSD PayPal app access, Paxos issuer role, reserve reports, and chain-specific support should be kept as separate documented layers.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-06-07
Lifecycle
History
Current classification remains separate from dated changes and incidents.Model and lifecycle changes
- PayPal launches PYUSDMigration
- PYUSD expands to SolanaMigration
| Date | Event | Category | Subtype | Status effect | Recovery |
|---|---|---|---|---|---|
| 2023-08-07 | PayPal launches PYUSD | Launch and introduction | Launch | No lifecycle change | Not applicable |
| 2024-05-29 | PYUSD expands to Solana | Adoption and expansion | Chain Expansion | No lifecycle change | Not applicable |
Related records and corrections
Corrections and further reading
Open connected records, methodology, machine-readable data, or report a correction.Use these explainers to compare the legal, regulatory, reserve, redemption, or distribution questions connected to this record.
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- All stablecoinsCompare this record with the rest of the archive.
- PaxosUnited States
- Event registry2 connected events recorded.
- MethodologyRead classification, evidence, and value-state rules.
- CorrectionsReport a source, relationship, or record problem.
- Data manifestInspect the machine-readable public layer.