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!
Spot market
PayPal USD (PYUSD) Resources
Simple 3-step guide to buying PYUSD today in Montenegro
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
Buy PayPal USD
Buy other cryptos
Buy PayPal USD in a different country
FAQ
Can I buy $1 worth of PayPal USD?
Can I buy $10 of PayPal USD?
Where else can I buy PayPal USD?
Where is the best place to buy PayPal USD?
Should I buy PayPal USD right now?
Located in Southeastern Europe and forming part of the Balkans is Montenegro, a nation that shares its borders with Serbia to the northeast, Croatia to the northwest, Bosnia and Herzegovina to the north, Kosovo to the east, Albania to the southeast, and the scenic Adriatic Sea to the west. Its coastline for the latter runs a whopping 293.5 kilometers long, with its capital city Podgorica located inland to the east. The city spans 13,812 square kilometers and is home to around 30% of Montenegro’s overall population of 621,000. There, you’ll find plenty of culturally-rich museums and art galleries, including the city’s main museum and the Center for Modern Art.
Due to the diversity of its landscapes which stretch from the coast of the Adriatic Sea to the mountain ranges of Durmitor, Bjelasica, Sinjajevina, Prokletije, Komovi, and more, the country attracts approximately 1.3 million tourists every year. Interestingly, more than 60% of the nation sits at an altitude of 1000 meters above sea level or more, meaning you’ll be able to ski up in the mountains and swim in the sea on the same day during mid-season changes. There are also four national parks, with Durmitor National Park earning the title of a UNESCO World Heritage Site.
Currently in the process of joining the European Union, Montenegro has adopted the Euro (EUR) as its official currency, and with direct support from Bitget, you can purchase PayPal USD(PYUSD) in just a matter of minutes, no matter where you are in the country, from Podgorica to Nikšić to Herceg Novi. Our exchange offers a series of secure payment options to make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services.