PayPal USD PYUSD

What PYUSD actually is on-chain

PayPal USD is an ERC-20 deployed on Ethereum, at contract address 0x6c3ea9036406852006290770bedfcaba0e23a0e8. That address, not the ticker PYUSD, is what uniquely identifies this asset: anyone can deploy a second token calling itself PYUSD, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, PYUSD is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in PYUSD itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For PYUSD the project publishes a whitepaper and an active account as @PayPal. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where PYUSD sits in the market

At #33, PayPal USD sits in the middle of the large-cap band. This is the part of the table capital rotates through first: when the leaders stall, money moves down into names like PYUSD, and when risk comes off it leaves here before it leaves the top ten. Spot spreads stay tight through both legs of that cycle; derivative funding does not, and perp basis is usually the earlier signal.

CryptoPingAi is currently streaming 3 live PYUSD order books (OKX, Gate.io, HTX). That is thinner coverage than a #33 ranking would normally imply — a move on one of these books is close to the whole market for PYUSD, with no deep second venue to arbitrage it back. None of the books we see for PYUSD are regulated US or Korean venues, so this is an offshore-quoted asset — availability, and the price itself, depend on which jurisdiction you trade from.

PYUSD against its all-time high

PYUSD is 7.3% below the $1.08 record set on 2026-04-02. That is a shallow drawdown: the high itself is the nearest meaningful reference overhead, and the supply that changed hands near it is small enough that a retest is a mechanical question of flow rather than a structural one. Reclaiming the high needs only 1.08x from here. That high was set within the last six months, recently enough that it still anchors how most current holders frame the asset.

PYUSD across its historical range

The recorded range is comparatively narrow: 1.13x between $0.9594 and $1.08. Either the price history is short, or the asset is designed not to move.

At 4.4% above its record low of $0.9594 (on 2024-12-05), PYUSD sits near the edge of its own price history. Nothing has traded beneath that level, so there is no support to reference, no volume shelf and no cost-basis cluster underneath. The low is old enough to have held as a floor across several market regimes — a materially different setup from one printed recently.

PYUSD supply structure

There is no fixed maximum supply for PYUSD. Total supply stands at 3.42 billion PYUSD and essentially all of it — 100.0% — is circulating. With no locked treasury to unlock, dilution comes from protocol issuance over time rather than from a cliff on a vesting calendar, which tends to produce slow supply drift instead of discrete unlock shocks. With a supply in the billions, the quoted price is low enough that a single cent of movement is a large percentage swing; size your thresholds in percent, not in cents.

What kind of asset PYUSD is

PayPal USD is pegged to the US dollar, so the only price question that matters is whether the peg holds; trend and momentum readings on a dollar peg describe noise, not direction. It is backed by off-chain reserves, which moves the risk from smart-contract code to custody and disclosure: who holds the reserves, what they are held in, and how often that is attested. Those are the questions that decide whether the peg survives a redemption wave. At a fully diluted value above a billion dollars it is large enough that its peg is defended by deep secondary liquidity, not only by the issuer's redemption promise.

CoinGecko files PYUSD under 10 categories, including Stablecoins, USD Stablecoin, Solana Ecosystem, Arbitrum Ecosystem, Ethereum Ecosystem. CoinGecko also records deployments on Solana (3,129 tracked tokens), Arbitrum (391 tracked tokens), Ethereum (3,072 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading. Worth flagging from the metadata: PYUSD is tagged as US-originated.

How to set a PayPal USD alert that is worth receiving

PayPal USD is the ERC-20 at 0x6c3e…a0e8 on Ethereum — quoted on 3 venues we stream — high dated 2026-04-02 — rank #33. On this profile the condition that carries signal is a peg-deviation band of roughly ±0.5% of par, with RSI ignored entirely.

Full alert-design method: thresholds, RSI/MACD and volume conditions →