PayPal Dollar (PYUSD) is a US dollar-pegged stablecoin designed to offer the stability of fiat currency within the digital asset space. As a stablecoin, PYUSD is specifically engineered to maintain a 1:1 value with the US dollar, offering users a secure and stable store of value while engaging in digital transactions.

Developed in partnership by PayPal and Paxos, PYUSD represents a strategic advancement in the convergence of traditional finance and blockchain technology. Its integration with PayPal’s vast global network adds significant credibility and reliability, positioning PYUSD as a key player in the stablecoin landscape.

How to Buy PayPal Dollar (PYUSD) on coinpass

Follow these four simple steps to buy PYUSD in the UK safely and efficiently.

1. Create an account:
   Sign up on coinpass and complete the verification process.
2. Fund your account:
   Transfer funds via bank deposit or credit/debit card.
3. Buy PYUSD:
   Navigate to the PYUSD trading page and make your purchase.
4. Secure your investment:
   Store PYUSD securely on the coinpass platform.

PYUSD is fully backed by US dollar reserves, providing a robust foundation for its value. Each issued PYUSD token is supported by a corresponding US dollar held in reserve. These reserves consist of a combination of highly liquid US dollar-denominated assets, including short-term US Treasury securities and cash, ensuring liquidity and ease of redemption.

PayPal has committed to regular, transparent attestations by independent third-party auditors, reinforcing investor confidence in the stability of PYUSD. This transparency ensures that the supply of PYUSD is fully collateralised, mitigating counterparty risk and maintaining the token's 1:1 parity with the US dollar.

PYUSD offers a range of applications for both institutional and retail users, driven by its stability and seamless integration into the broader digital finance ecosystem. Key use cases include:

• Efficient settlement: PYUSD enables investors and institutions to settle transactions quickly and securely, particularly in markets where price stability is critical. Its pegged value to the US dollar allows for reliable cross-border settlements without exposure to volatility.
• Portfolio diversification: For investors, PYUSD offers a stable digital asset for managing liquidity, hedging against volatility, and optimising portfolio allocation strategies within the cryptocurrency space.
• Decentralised finance (DeFi): PYUSD can be deployed within DeFi protocols for lending, borrowing, and yield generation, offering investors a stable option for participating in the DeFi ecosystem.
• Institutional payments and transfers: PYUSD provides a stable, secure vehicle for moving funds across borders or between counterparties with minimal friction. Its backing by PayPal’s infrastructure ensures security and scalability for high-volume institutional use cases.
• Market stability: Traders can use PYUSD as a stable trading pair, minimising volatility while engaging in cryptocurrency trading or moving funds in and out of more volatile digital assets.

PYUSD is known for its security and trustworthiness, underpinned by robust US dollar reserves and regular third-party audits. PayPal's involvement ensures additional layers of security and stability, making PYUSD a reliable choice for both individual and institutional investors.

When comparing PYUSD to other popular stablecoins such as USDT, USDC, and DAI, PYUSD stands out due to its association with PayPal, a trusted name in global finance. Its strong backing, regular audits, and integration into PayPal's ecosystem offer unique advantages in terms of security, stability, and usability.

As the digital finance landscape continues to evolve, PYUSD is poised to play a significant role. The ongoing development and potential future enhancements by PayPal and Paxos will likely increase the adoption and utility of PYUSD, solidifying its position in the stablecoin market.

The stablecoin market is growing rapidly, and PYUSD is well-positioned to capitalise on this trend. With its robust backing and integration into PayPal's network, PYUSD offers a compelling option for investors seeking stability and security in their digital assets.

The addition of PayPal Dollar (PYUSD) to our exchange represents a significant milestone in expanding access to secure, stable digital assets for our users. PYUSD’s combination of robust backing, institutional-grade transparency, and diverse use cases makes it a valuable asset for investors seeking stability in an evolving market.

As part of a key milestone for coinpass, we are pleased to
introduce commission-free trading across all PYUSD trading pairs.

We encourage you to explore the benefits of PYUSD on our platform and consider how it may complement your existing crypto investing strategies.

Buy, sell and trade PayPal Dollar with coinpass on the following markets in a snap:
GBP/PYUSD, EUR/PYUSD, USDC/PYUSD, USDT/PYUSD

Start trading PYUSD