PYUSD is PayPal's dollar-backed stablecoin, issued by Paxos under NYDFS regulation. Fully backed by US dollar deposits and short-term Treasuries. Designed for payments and transfers within the PayPal ecosystem and beyond.
Market Cap
$3.86B
Peg Deviation
+0.036%
Regulatory Grade
A+
Regulatory Score
95/100
Issuer & Reserve Details
Issuer
Paxos / PayPal
Issuer Type
Centralized
Treasury Transparency
Audited Reports
Backing Type
Fiat & T-Bills
Reserve CompositionUS dollar deposits, US Treasury instruments, and similar cash equivalents. Issued by Paxos Trust Company under NYDFS regulation. Monthly attestation.
Peg Mechanism1:1 redemption through PayPal/Paxos. Regulated by NYDFS.
Regulatory Scorecard
GENIUS READYCLARITY COMPLIANT
Reserve CompositionAll reserves in GENIUS Act permitted assets
Compliant20/20
Audit & TransparencyMonthly audits by WithumSmith+Brown
Compliant16/20
Redemption Rights≤2 Business Days redemption
Compliant15/15
Issuer LicensingNYDFS Regulated (NYDFS (via Paxos Trust))
Compliant14/15
Consumer ProtectionConsumer protections in place
Compliant15/15
CLARITY ClassificationPermitted payment stablecoin classification
Compliant15/15
Reserve Assets
Cash & Bank Deposits, T-Bills (≤93 days)
Audit Frequency
Monthly by WithumSmith+Brown
Redemption
≤2 Business Days+ Fiat
License
NYDFS Regulated
NYDFS (via Paxos Trust)
Classification
Permitted Payment Stablecoin
Backing Ratio
100% (Segregated)
Top Yields for PYUSD
Source: DeFiLlama
| Platform | Chain | Type | Yield Source | APY | TVL | Safety | Links |
|---|---|---|---|---|---|---|---|
 pendle Audited |  Ethereum | DeFi | Vault Strategy | 16.90% | $7.7M | B · 72 | |
 curve-dex Multiple Audits | Ethereum | DeFi | LP Fees | 15.98% | $3.9M | B · 82 | |
pendle Audited | Ethereum | DeFi | Vault Strategy | 15.40% | $7.7M | B · 72 | |
 stake-dao | Ethereum | DeFi | Unknown | 13.53% | $17.9M | C · 62 | |
 more-markets |  Flow | DeFi | Unknown | 11.11% | $4.6M | D · 47 | |
 beefy | Ethereum | DeFi | Unknown | 10.18% | $1.2M | C · 57 | |
 euler-v2 Audited | Ethereum | DeFi | Unknown | 6.57% | $6.6M | B · 78 | |
euler-v2 Audited | Ethereum | DeFi | Unknown | 6.00% | $114.0M | A · 88 |
Audit & Attestation History
No audit records available
Disclaimer: Compliance scores are for informational purposes only and do not constitute financial or legal advice. Regulatory scores are based on the GENIUS Act (S.1582) and CLARITY Act (H.R.3633) frameworks using publicly available information. The GENIUS Act takes effect no later than January 18, 2027. Always conduct your own research.
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