PayPal USD (CRYPTO:PYUSD) is a stablecoin launched by PayPal to simplify digital payments within the blockchain ecosystem, pegged 1:1 to the U.S. dollar and fully backed by USD reserves.

Managed by Paxos Trust Company, PYUSD offers users transparency, regulatory oversight, and the option to switch between Ethereum (CRYPTO:ETH) and Solana (CRYPTO:SOL) blockchains for transactions.

Eligible PayPal customers in the U.S. can buy, sell, and transfer PYUSD directly through the PayPal platform or via supported crypto exchanges and wallets like Coinbase and Kraken, emphasising security and ease of use.

While not a speculative investment, PYUSD provides stability in a volatile crypto market and facilitates seamless transactions, catering to individuals seeking secure wealth preservation and efficient digital payments within the PayPal ecosystem and beyond.