What is PayPal USD (PYUSD)?
PayPal USD (PYUSD) is a stablecoin introduced by the digital payment giant, PayPal, in collaboration with Paxos. Launched in August 2023, it is designed to bridge the gap between traditional fiat currencies and the digital world, offering a stable, secure, and efficient medium for digital transactions. As a stablecoin, PYUSD is pegged 1:1 to the U.S. dollar, meaning its value remains stable, mitigating the volatility associated with cryptocurrencies. It is fully backed by U.S. dollar deposits, short-term U.S. treasuries, and similar cash equivalents, ensuring users can redeem one PYUSD for one U.S. dollar at any time.
How PayPal USD (PYUSD) Works?
PayPal USD operates as an ERC-20 token on the Ethereum blockchain, allowing it to be compatible with a myriad of crypto exchanges, wallets, web3 apps, and other Ethereum-based applications. This compatibility enables PYUSD to be easily adopted by crypto exchanges and to power experiences within the PayPal ecosystem. PayPal USD serves as a bridge between traditional fiat landscapes and the digital realms, leveraging PayPal’s payments infrastructure.
Users can buy and sell PYUSD through the PayPal app or its official website, with one PYUSD equivalent to one USD. It can also be transferred to compatible crypto wallets, both PayPal Wallets and externally. Furthermore, PYUSD can be used to purchase and sell other cryptocurrencies supported by PayPal, such as Bitcoin, Bitcoin Cash, Ether, and Litecoin. The stablecoin will soon be available on Venmo, allowing users to pay fellow Venmo users in PYUSD.
How Many PayPal USD (PYUSD) Tokens Are in Circulation?
PYUSD doesn't have a max supply. The current circulating supply of PYUSD is 44,376,440.
How to Buy PayPal USD (PYUSD)
Consider investing in PayPal USD (PYUSD)? It only takes 2 minutes to create an account on Bitget and start trading PYUSD.
Check out the available PYUSD trading pairs on Bitget!
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PayPal USD (PYUSD) Resources
Simple 3-step guide to buying PYUSD today in Moldova
Create your free Bitget account
Select a funding method
Complete your PayPal USD purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for PayPal USD using a payment method of your choice:
Buy PayPal USD with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your PayPal USD order.
How to buy crypto with credit/debit cardBuy PayPal USD with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into PayPal USD is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your PayPal USD order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your PayPal USD order.Buy PayPal USD with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your PayPal USD order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor PayPal USD in your Bitget spot wallet
Bitget—where the world trades PayPal USD
How to buy PayPal USD for free
- Learn how to earn PayPal USD for free through the Learn2Earn promotion
- Earn free PayPal USD by inviting friends to join Bitget's Assist2Earn promotion
- Receive free PayPal USD airdrops by joining On-going challenges and promotions
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FAQ
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Moldova, officially the Republic of Moldova, is a country in Eastern Europe. It is bordered by Ukraine to the north, east, and south and Romania to the west. Moldova covers an area of 33,851 square kilometres, with a population of around 2.6 million. Even though a landlocked country, Moldova is only three kilometres from the Black Sea at its closest point, separated only by Dniester Liman. The Danube flows very closely near Moldova’s southern border, but Moldova only has access to it for about 480 metres.
Situated at the crossroads of several distinct, influential cultures such as Latin, Slavic, and Byzantine, Moldova has drawn from them to enrich its own culture. Its cultural heritage was marked by a considerable number of churches and monasteries from the 15th century, as well as its deep influence on modern Romanian culture. Moldova and Romania share their national poet and writer, Mihai Eminescu and Ion Creangă, both considered the most influential Romanian language artists.
With Moldova’s national currency – the Moldovan leu (MDL) – you can purchase cryptos in just a few minutes, whether you’re in Chișinău, Tiraspol, or Bălți, or anywhere else in the country. Bitget employs numerous secure methods, including crypto deposits, P2P trading, and other third-party merchants, such as Apple Pay, Google Pay, and various credit cards, to offer you a wide range of payment options and solutions to meet any of your cryptocurrency needs.