PayPal Digital Currency company
Overview
PayPal Digital Currency refers to PayPal USD (PYUSD), a USD-pegged stablecoin issued by Paxos Trust Company. It is used for payments, transfers, and as a store of value within PayPal's and Venmo's platforms, enabling users to send money, make purchases, and convert between digital and traditional currencies.
Within the DeFi Intel graph, PayPal Digital Currency connects to 1 tracked entity, most strongly to NY DFS BitLicense.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
regulated_by | NY DFS BitLicense | 85% |
Frequently asked questions
What is PayPal Digital Currency?
PayPal Digital Currency refers to PayPal USD (PYUSD), a USD-pegged stablecoin issued by Paxos Trust Company, used for payments, transfers, and as a store of value within PayPal's and Venmo's platforms.
Who regulates PayPal Digital Currency?
PayPal Digital Currency is regulated by the New York Department of Financial Services (NY DFS) under a BitLicense.
What is PayPal USD (PYUSD) used for?
PYUSD enables users to send money, make purchases, and convert between digital and traditional currencies within PayPal's and Venmo's platforms.