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PayPal USD (PYUSD) Review

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Considering the fact that PayPal is one of the most recognized e-wallets on the planet (originally founded in 1998), it only stands to reason that they're the latest online payment processor to jump on the crypto bandwagon. Thanks to the launch of their recent PayPal USD stablecoin, account holders and cryptocurrency enthusiasts alike are provided with yet another potentially lucrative investment opportunity. Let's take a look at why PYUSD has already been making digital waves as well as why regulators are concerned.

No rating available for new coins
Released on August 7, 2023, 12:00 am
New Coin/Token Warning!
This is a new coin/token that has recently been released by its creators. Therefore there is often only very little information known about the founders and they have no history showing their intentions, which could be both good or bad. The risks related to buying this is extremely high. We never give any recommendations or advise on what you should buy or sell. All information on this page should be considered for education and informational purposes only. Never risk any money that you can not afford to loose. Speculating in crypto currencies is related to extremely high risks and is not suitable for everyone.

Visitor Consensus on PayPal USD Today
Positive: 53.13%Negative: 46.87%
What's your view on PayPal USD today?
›› Trade PayPal USD coin here
Remember to never risk money that you can not afford to loose. Crypto currencies is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.


This stablecoin is backed by the United States dollar and similar equivalents (such as US Treasury notes). As the name suggests, this type of token has been designed to provide more predictable returns over time due to the fact that it's linked to a physical asset.

PayPal USD can be bought and sold directly through the existing PayPal application and those who possess an active account won't be subject to any in-house fees.

Interestingly enough, PYUSD can also be used to transfer funds, to pay for purchases, to buy other cryptocurrencies, and to take advantage of potential price movements.


A Bit About PayPal USD

Similar to other stablecoins such as Tether and USD Coin, PayPal USD provides users with a hassle-free way to become involved with the crypto ecosystem. This token is also unique in the fact that it particularly caters to those who already own a PayPal wallet.

Still, let's keep in mind that PYUSD was only launched on 07 August 2023.

A fair amount of information has yet to emerge. The team at Crypto Lists is nonetheless already interested to see how it catches on; especially within the massive ETH blockchain.

One of the most anticpated stablecoins of 2023!CryptoLists.com

The value of PYUSD tokens ia paired with the United States dollar (hence the name). This provides a degree of stability that isn't often present in other altcoins and even major players such as Bitcoin.

One attractive aspect of PayPal USD is that it seems to have been created for those who aren't overly familiar with the "nuts and bolts" of more complicated crypto protocols. The fact that it can be bought and sold directly through the PayPal interface is a nice touch, as the framework should already be familiar with account holders.

Although the setup process is extremely simple, we should note that PYUSD is still being rolled out at the moment. Users will need to log into their PayPal account and navigate to the "crypto" tab (a new section).

They then have the option to purchase PYUSD for its dollar equivalent. At the time that this introductory review as written, PYUSD and the dollar are pegged to one another at a 1:1 ratio. In other words, a single PayPal USD token is equal in value to one dollar.


Utility of PayPal USD?

According to the official PayPal website, you'll be able to perform several functions with their new stablecoin. These include:

- Buying and selling PYUSD (similar to a standard crypto exchange).
- Converting PYUSD to other cryptocurrencies supported by PayPal.
- Paying for online purchases (assuming that the vendor accepts PYUSD).
- Transferring PYUSD to friends, family members or e-wallets that offer this token as an option.

Without beating a dead horse, PayPal USD is an extremely new stablecoin. Many of these functions have yet to be fully tested. Let's keep our digital fingers crossed and hope that such options are soon verified.

PayPal USD Price details

ETH Contract address: 0x6c3ea9036406852006290770bedfcaba0e23a0e8
›› Details & Tokenomics

Advantages of PayPal USD

+ Many consumers already have a PayPal account.
+ There aren't any fees to hold PYUSD within a PayPal wallet.
+ The reputation of PayPal alone could generate a significant amount of interest.
+ Tokens are relatively cheap (at the moment).
+ Comparatively low transaction fees.


- This stablecoin is new and there aren't any certainties about its future.
- PayPal USD's fee structure should be clarified.
- The US government has already expressed concern.
- PayPal USD could be subject to future regulations or restrictions.
- PYUSD is limited to PayPal US account holders.


▪ Rated at 8/10

As PYUSD is native to the PayPal wallet, you won't be liable for any fees when holding this token within your account. PayPal also states that buying and selling PYUSD are exempt (according to their official release page). Unfortunately, this is where things become a bit murky.

If we navigate to the standard PayPal portal and scroll down to the "Buying, Selling and Transferring Cryptocurrencies" section, it appears as if certain fees actually do apply when converting PYUSD to or from another type of cryptocurrency.

Still, maximum charges of 1.45% when performing transactions over the equivalent of $1,000 dollars aren't too bad when we take into account the commissions that some other e-wallets charge. Take a look at their portal to learn more about the fees tacked onto crypto-to-crypto transfers.


Reputation and Buzz

▪ Reputation rated at 8.5/10
▪ Buzz rated at 10/10

To be fair, judging a newly released stablecoin based on its merits is similar to viewing a newborn baby and predicting how he or she might look in five or ten years.

PYUSD has already gained attention from the simple fact that relatively few analysts expected PayPal to take a dip into the crypto sector.

Some experts look upon this move as an industry-changing event while others are taking a more pragmatic stance. In fact, there's already buzz from the US Federal Reserve in terms of whether this token should be considered a regulatory threat.

It's entirely too early to determine if this venture could break new ground or if it might suffer the fate of other stablecoins such as flexUSD and Terra/Luna. Only time will tell and the pros at Crypto Lists will always keep one step ahead of the latest news.



Why might PayPal USD change the crypto landscape?

This stablecoin is set to introduce average consumers to the cryptocurrency community. It could therefore encourage newbies to finally dip their toes into the (digital) water.

What are the risks of investing in PYUSD?

Like any newly released stablecoin, it's nearly impossible to predict the future value of PYUSD. Considering the fact that this token is pegged to the dollar, any moves by the SEC or the US Federal Reserve could torpedo its current ambitions.

Can I purchase PayPal USD without a PayPal membership?

At the moment, you'll need to have an active PayPal account if you wish to become involved.


History of PayPal USD

07 August 2023 - PayPal USD is introduced to the general public as a new stablecoin.

10 August 2023 - The United States Federal Reserve introduces updated guidelines for "dollar tokens" including PYUSD.

11 August 2023 - US Congresswoman Maxine Waters expresses her concern in regard to the lack of regulation associated with PayPal USD.

›› Trade PayPal USD here

Screenshots from PayPal USD

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PayPal USD details and tokenomics

PayPal USD Ticker: PYUSD
ETH Contract address: 0x6c3ea9036406852006290770bedfcaba0e23a0e8
Type of crypto: ethereum-token
Resources & Social media
🔗Blockchain URL: https://etherscan.io

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