PayPal USD
PYUSD#35PYUSD is PayPal's US dollar stablecoin, issued by Paxos and backed by dollar deposits and Treasuries.
- Market cap
- $2.88B
- Volume 24h
- $127.81M
- All-time high
- —
- Circulating supply
- 2.88B
Does not clear all 8 Shariah criteria. Needs caution: interest (riba) and usage. Fails: business model.
- 5 pass
- 2 caution
- 1 fail
Verdict history
- DoubtfulCurrent
First publication
Fundamentals, market picture and news will appear here.
AI Insight
Fundamentals: Strong
PYUSD is a PayPal-branded dollar stablecoin issued by Paxos with cash and Treasury reserves and monthly KPMG attestations, but it is small among stablecoins and a 2025 minting error showed operational risk.
Reviewed every 3 months and on major eventsNews: Positive
PayPal widened the PYUSD ecosystem with PYUSDx, a platform for businesses to issue custom stablecoins backed by PYUSD.
Reviewed monthly and when something material happens- PositivePayPal launches PYUSDx platform for custom stablecoins backed by PYUSDBuilt with M0 and MoonPay, PYUSDx lets businesses issue app-specific stablecoins backed by PYUSD; early issuers brought over $100 million of processed volume, a new source of demand.
- PositiveOCC conditionally approves the conversion of PYUSD issuer Paxos Trust Company to a national trust bankThe US banking regulator approved Paxos's move from a state trust company to a federally supervised national trust bank, one of five such approvals that day. It places the issuer of PYUSD under federal oversight.
- NegativePaxos mistakenly mints 300 trillion PYUSD and burns it within about 30 minutesA technical error created tokens far beyond reserves; Paxos said there was no breach and customer funds were safe. Aave briefly froze PYUSD markets. The episode showed how much holders depend on the issuer's internal controls over minting.
- PositivePayPal launches PYUSD, a US dollar stablecoin issued by Paxos Trust CompanyPYUSD started as an ERC-20 token on Ethereum, backed by US dollar deposits, short-term Treasuries and cash equivalents and redeemable 1:1. It was the first stablecoin from a large US payments company and is the starting point of the token's history.
Price & market
Doubtful verdict: check the halal analysis before any decision.
Section in preparation
AI-assisted analysis. Not investment advice.
Technical analysis
4HSection in preparation
Where it trades
Section in preparation
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