Cryptocurrency Q&A
What is PayPal USD crypto?
What is PayPal USD crypto?
Daniele
Tue Mar 18 2025
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5
answers
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PayPal USD crypto, or PYUSD, is a stablecoin launched by PayPal. It is pegged to the US dollar at a 1:1 ratio and backed by secure and highly liquid assets such as dollar deposits, US treasuries, and cash equivalents. PYUSD aims to provide a fast, low-cost, and secure way for digital currency transactions and payments.
5 answers
BonsaiBeauty
Thu Mar 20 2025
PayPal USD (PYUSD) serves as a stablecoin with a specific purpose.
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Eleonora
Thu Mar 20 2025
It aims to maintain an equivalent value of 1:1 with the U.S. dollar.
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Stefano
Thu Mar 20 2025
This stability is ensured by being fully backed by U.S. dollar deposits.
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Valentina
Wed Mar 19 2025
Additionally, PYUSD is supported by short-term U.S. Treasuries.
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EthereumEmpireGuard
Wed Mar 19 2025
Other similar cash equivalents also play a role in backing each PYUSD token.
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