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Issued by Paxos Trust Company, PayPal USD (PYUSD) is PayPal’s stablecoin designed for payments. PYUSD is an ERC-20 tokenized digital dollar. Like other crypto assets, it can move instantaneously, anywhere in the world, at any time, and it’s programmable. Unlike other crypto assets, PYUSD is stable. It is backed 1:1 for the dollar and it’s issued by Paxos Trust Company, so the funds are carefully protected, audited and regulated.
