What is PayPal USD and how to buy PYUSD in the US?

PayPal USD (PYUSD) is a stablecoin issued by Paxos and is currently available for eligible PayPal users in the United States.

Designed for users seeking stability, PYUSD is pegged to the U.S. dollar and fully backed by USD deposits, short-term U.S. Treasurys and similar cash equivalents. This ensures that the value of PYUSD remains consistent with the U.S. dollar, even in the face of cryptocurrency market fluctuations or an unforeseen event causing the stablecoin tothrough the PayPal app or website.

Solana’s speed and scalability make it an ideal platform for PYUSD, which was created to revolutionize commerce by offering an efficient payment method. The collaboration with PayPal furthers Solana’s goal of driving fintech innovation.Crypto.com, Phantom and Paxos are early adopters of PYUSD on the Solana blockchain, making it simple for users to buy PYUSD directly with traditional currency, providing a streamlined experience for both individual consumers and businesses.

Review and confirm: Review the details of your purchase, including the amount, fees and total cost. Confirm the purchase to complete the transaction. Navigate to the PYUSD trading pair: In the Kraken interface, find the PYUSD/USD or PYUSD/EUR trading pair.

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