PayPal USDPYUSD#32

PayPal USD is a stablecoin backed 1:1 by U.S. dollar deposits, short-term Treasury securities, and cash equivalents. It maintains a fixed peg to the dollar and can be redeemed directly for U.S. currency. Paxos Trust Company issues and manages PYUSD, handling the reserve backing and redemption process. Use PYUSD for straightforward dollar-based transactions on blockchain networks. The coin bridges traditional banking infrastructure with on-chain settlement, giving you a stable reference point without volatility exposure. Redemptions process through Paxos, ensuring you can convert holdings back to fiat when needed. On X4T, trade PYUSD without KYC requirements. Move in and out of dollar-pegged positions while maintaining direct custody and control over your assets.