Issued by NYDFS-regulated Paxos on behalf of PayPal. Reserves are US Treasuries, reverse repo and cash, held in bankruptcy-remote accounts with monthly attestations.
Supply history
Safety score: 93/100 — Strong
Back reserves are transparent, redemption is direct, and the peg has held through stress.
Full methodology →- Collateral quality & transparency (30%)95
What actually backs the token and how often it is verified. Treasury-backed with daily or on-chain proof scores highest; unattested reserves score lowest.
- Peg stability (25%)98
Live deviation from $1.00 plus the worst historical depeg on record. A single deep depeg keeps weighing on the score.
- Liquidity depth (20%)88
Tracked on-chain pool liquidity in absolute dollars and as a share of circulating supply — how much can exit before the price moves.
- Issuer & legal structure (15%)100
Regulatory status of the issuer and whether holders have a direct redemption right or only a secondary market exit.
- Track record (10%)69
Years in production, minus documented incidents.
Issuer & structure
- Regulatory regime
- NYDFS-regulatedsource
- Issuer
- Paxos (for PayPal)LEI549300…
- Jurisdiction
- United States (NYDFS)
- Collateral
- treasuries
- Peg mechanism
- fiat-backed
- Attestation
- monthly
- Redemption
- direct
- Issuer can freeze balances
- Yes — issuer can freeze balances
- Attestor
- WithumSmith+Brown
- Launched
- 2023
- Website
- Official site
Where to get PYUSD
Every venue that sells PayPal USD, ranked by what a purchase actually costs once fees, spread and the withdrawal to your chain are counted.
Cheapest route: Kraken — you receive about $997 of PYUSD from $1,000 (0.30% all-in, delivered on Solana).
| Venue | Type | Fee | Spread | Withdrawal | All-in cost | You receive | Verified | Go |
|---|---|---|---|---|---|---|---|---|
| Exchange | 0.20% | 0.05% | $1 Solana | $3 0.30% | $997 | 2026-08-12 stale — verify at checkout Fee accurate? | Buy on Kraken | |
| Exchange | 0.30% | 0.10% | $1 Solana | $5 0.45% | $996 | 2026-08-08 stale — verify at checkout Fee accurate? | Buy on Bitstamp | |
| Exchange | 0.40% | 0.20% | $1 Solana | $7 0.65% | $994 | 2026-08-08 stale — verify at checkout Fee accurate? | Buy on Gemini | |
| Exchange | 0.60% | 0.50% | $0 Base | $11 1.10% | $989 | 2026-08-12 stale — verify at checkout Fee accurate? | Buy on Coinbase | |
| On-ramp | 0.99% | 0.90% | direct to wallet | $19 1.89% | $981 | 2026-08-11 stale — verify at checkout Fee accurate? | Buy on Transak | |
| On-ramp | 1.00% + $4 | 1.00% | direct to wallet | $24 2.40% | $976 | 2026-08-11 stale — verify at checkout Fee accurate? | Buy on MoonPay | |
| On-ramp | 1.50% | 1.20% | direct to wallet | $27 2.70% | $973 | 2026-07-28 stale — verify at checkout Fee accurate? | Buy on Banxa |
Estimates built from published fee schedules — the final price is shown at venue checkout. Partner links never change this ranking.
Put it to work
Best rate on PYUSD from a protocol we would defend: over $100M TVL and more than a year live. Currently sentora-curator · Solana.
The tradeoff: smart-contract risk on top of issuer risk, and the rate can move any block.
All PYUSD yieldsAlternatives worth knowing
- Earning siblingUSDC 79.4% APY built in
Safety score 88 vs 93 — the yield is compensation for that gap.
- Cheaper to movePYUSD on Solana cents per transfer
Ethereum transfers of the same token cost dollars. Bridging across costs time, and Solana has thinner venue support.
Spend it
No card in our directory spends PYUSD directly. Swapping into USDC or USDT first is the usual route — factor the swap cost in.
Compare every cardPYUSD in the news
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