> open stablecoin/pyusd
PayPal USD
USD-pegged stablecoin launched by PayPal and issued by Paxos. SOG treats PYUSD as active and records PayPal/Paxos reserve, redemption, and chain deployment context separately from market data.
Statusactive
Evidence2
| Symbol | PYUSD |
|---|---|
| Status | active |
| Peg asset | USD |
| Collateral model | fiat_backed |
| Issuer | Paxos |
| Reserve disclosure | available |
| Redemption status | active |
| Launch date | 2023-08-07 |
| Discontinued date | — |
| Confidence | medium |
| Last verified | 2026-06-02 |
Issuer dossier
Paxos · company · United States
Reserve reports
1 seed reserve disclosure reference(s) linked to this record.
Known unknowns
0 visible uncertainty item(s) kept for later review.
| Status | active |
|---|---|
| Who can redeem | PayPal describes PYUSD as redeemable 1:1 for U.S. dollars; Paxos is the issuing partner behind the PayPal USD product. |
| Retail redemption | available_through_paypal_terms |
| Institutional redemption | source_review_needed |
| Minimum redemption | source_review_needed |
| Region / access notes | Availability depends on PayPal/Paxos product terms, jurisdiction, and supported markets. |
| Registry note | SOG separates PayPal app conversion/redemption context from exchange liquidity and on-chain transfers. |
| Date | Title | Source | Type | Summary |
|---|---|---|---|---|
| No regulatory notes recorded yet. | ||||
| Chain | Deployment type | Status | Contract | Notes |
|---|---|---|---|---|
| No deployment records yet. | ||||
| Coverage type | Count | Meaning |
|---|---|---|
| Issuer source | 2 | Source-backed reference present in this record. |
| Reserve reference | 1 | Source-backed reference present in this record. |
| Market data | 0 | No source of this type is linked yet. |
| Regulatory source | 0 | No source of this type is linked yet. |
| Deployment / contract | 0 | No source of this type is linked yet. |
| Exchange notice | 0 | No source of this type is linked yet. |
| News / analysis | 0 | No source of this type is linked yet. |
| Archive capture | 0 | No source of this type is linked yet. |
| Other source | 0 | No source of this type is linked yet. |
| Date | Stage | Record | Detail |
|---|---|---|---|
| 2023-08-07 | launched | PayPal USD launch | Launch date recorded on the stablecoin entity. |
| 2026-06-02 | current_status | Current registry status: active | This is the current SOG registry label, not a safety score. |
| Date | Event | Type | Impact | Recovered | Mechanism |
|---|---|---|---|---|---|
| No event records yet. | |||||
| Date | Publisher | Type | Asset categories | Confidence |
|---|---|---|---|---|
| 2026-06-02 | Paxos | issuer_disclosure | us_dollar_deposits, us_treasuries, cash_equivalents | medium |
| Source | Publisher | Type | Claim scope | Reliability |
|---|---|---|---|---|
| PayPal USD official product page | PayPal | issuer_statement | entity_redemption | medium |
| Paxos PayPal USD official reference | Paxos | issuer_statement | entity_reserve | medium |
| Topic | Description | Severity | Last checked |
|---|---|---|---|
| No known unknowns recorded. | |||
Report this entry
Use GitHub Issues for public, source-backed corrections. Google Form support will be added later.