Back to Scores
PayPal (PYUSD)
BPaxos-Issued, PayPal-DistributedSPOFMass Market & PayPal Users
PYUSD is PayPal's stablecoin, issued by Paxos Trust Company under NY DFS regulation. Reserves are held in US Treasury bills, cash deposits, and reverse repurchase agreements. Monthly attestations are published by WithumSmith+Brown. Available on Ethereum and Solana, accessible to PayPal and Venmo's 400M+ user base.
74
Score Breakdown
Custody & Security35% weight
68
Ease of Use20% weight
92
Fees15% weight
72
Features10% weight
68
Transparency10% weight
75
Support10% weight
78
Assessment
Key Strength
PYUSD issued by Paxos under NY DFS regulation. Monthly attestations. Distributed through PayPal and Venmo to 400M+ users. Largest fintech stablecoin by distribution reach.
Primary Risk
PayPal is the distribution layer, not the custodian. Reserve custody depends on Paxos infrastructure. Limited DeFi composability compared to USDC. PayPal can freeze user accounts.
Pros
- +400M+ PayPal/Venmo user distribution
- +Paxos regulatory framework
- +Monthly attestations
- +Simple consumer UX
Cons
- -Limited DeFi composability
- -PayPal can freeze accounts
- -Smaller market cap than USDC/USDT
- -Consumer-focused, limited institutional features
Custody Features
✕Multisig
✕Multi-Institution
✕No Single Point of Failure
Segregated Accounts
Proof of Reserves
✕Insurance
Regulated Custodian
No Physical Exposure
✕Multi-Jurisdiction
✕Inheritance
✕Segregated Insurance
✕IRA
✕Lending
Buy/Sell
✕Dynasty Trusts
Fees
Free PayPal-to-PayPal transfers
Minimum$0
Security
Insurance & Regulatory
Jurisdiction
United States
Licenses
NY DFS Trust Charter (via Paxos)
Compare