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 Nepal
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 Advcash, SEPA, Faster Payments, or PIX payment gateways 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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Nepal is located in the Himalayas, bordered by the People's Republic of China to the north and India to the south, west, and east. Nepal has a population of 28 million. This country is made up of different ethnic groups of Indian, Tibetan, and Mongolian origin. There are about 50 ethnic groups and more than 75 dialects.
Nepal has eight of the ten highest mountains in the world, including Everest, which forms the border with Tibet. The country has a great diversity of wildlife. It is possible to see Asian elephants, Bengal tigers, rhinoceroses, wild buffaloes, and crocodiles in Nepal.
Agriculture is the primary sector of the economy, providing employment to over 80% of the population. As for tourism, it was only in 1951 that the kingdom of Nepal opened to the outside world and received its first visitors. Since then, tourism has become a source of income for Nepal.
The country's official language is Nepali, and its national currency is the Nepalese rupee (RPS). Whether you're in Kathmandu, Pokhara, Janakpur, Lumbini, or anywhere in Nepal, you can buy cryptos on Bitget. Bitget is one of the most secure cryptocurrency exchange platforms that acquired U.S. MSB License, Canada MSB License, and Australian (DCE) License to ensure you have the safest trading experience.