Peak Money
AboutFAQs
Glossary

PYUSD

PYUSD, short for PayPal USD, is a US-dollar stablecoin issued by Paxos Trust Company, a regulated trust. It is designed to hold a steady value of one US dollar, so each token aims to trade at par with the dollar rather than float like other crypto assets.

Each PYUSD is meant to be backed by reserves held one-to-one, made up of US dollar deposits, US Treasuries, and similar cash-equivalent holdings. Holders can redeem tokens for dollars at that rate. Paxos publishes regular attestations that report on the reserves behind the tokens in circulation.

PYUSD launched with PayPal and runs as a token on the Ethereum blockchain, with availability on other blockchains as well. Like any stablecoin, it carries risk. Its value depends on the reserves backing it and on the issuer honoring redemptions, and a token can move away from its one-dollar target under market stress.

Related terms: Stablecoin · USDC yield

On Peak Money: About Peak Money

TwitterInstagram
Peak Money

Disclaimers

  1. Rates may vary. See full Terms & Conditions.
  2. Deposits made in the middle of a drawing period earn a prorated amount of entries based on time left until the drawing takes place. Funds in a Prize Account at the start of a drawing period earn 1 entry per $1 for that drawing.
  3. Withdrawing funds from your Prize Account forfeit any entries earned by those funds.
  4. Prize pools are designed to increase as more money is deposited into Prize Accounts, based on the automated yield distribution: 65% into Prize Pools; 35% User Interest.
  5. Peak Money's EARN Strategies are a different product from Prize Accounts, and they do not earn entries into drawings. Rates and assets offered may vary. Learn More.

Rate variable, not guaranteed, and subject to change without notice. Peak Money is not a bank, registered investment advisor, or broker-dealer. Yield Vault products are not FDIC or CDIC insured. Your funds are at risk and you may lose principal. Not investment advice. Services available in eligible jurisdictions only — eligibility and other restrictions apply. See peak.money/terms for full terms.

Copyright 2026 © peak.money

GlossaryPrivacy PolicyTerms of Service