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PayPal
Active AUM
$2.987bKey Metrics
Onchain AUM$2.987b
Change (24h)+1.50%
Active / Onchain100%
DeFi Active TVL$439.51m
Change (24h)+0.49%
Utilization14.7%
Largest ProtocolSentora Curator$383.76m
Net Flows 30dN/A
Net Flows 7dN/A
Live Assets1
Issuers1
Asset rankings
| Name | Chains | Asset Type | AUM | DeFi | Flows | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| USD Stable | $2.987b | $2.987b | +4.71% | $439.51m | 14.71% | -9.71% | $1 | |||
About PayPal
PayPal issues a fiat-backed stablecoin maintained at parity with its reference currency through reserve backing and redemption mechanisms. It enables fast, low-cost settlement of stablecoin transactions.
Entity
Legal entityPaxos Trust Company, LLC
HeadquartersSan Jose, USA
Founded1998
Primary chainEthereum
Entity structure
PayPal Holdings Inc. is the Delaware incorporated NASDAQ listed parent, independent from eBay since July 2015. PYUSD is issued by Paxos Trust Company under New York and now federal trust oversight while PayPal distributes the token through PayPal and Venmo.
Regulation
PayPal Holdings Inc. is a public company on NASDAQ under PYPL. PYUSD is not issued by PayPal itself but by Paxos Trust Company under NYDFS oversight and since December 2025 an OCC national trust charter. Paxos publishes monthly reserve reports and third party attestations for PYUSD reserves.
Compliance
Of 1 assets
Attested1 of 1
KYC to mint or redeem1 of 1
Allowlisted to holdunknown
Transferable1 of 1
Self custody1 of 1
Redeemable1 of 1
Milestones
- 2026-03PYUSD available across 70 markets
- 2026-02Enrique Lores appointed CEO effective March 1
- 2025-07Pay with Crypto launched for merchants and PYUSD expanded to Arbitrum
- 2024-05PYUSD launches on Solana
- 2023-08PayPal launches PYUSD issued by Paxos Trust Company