PayPal USD (PYUSD) Price History, Market Performance and Latest News

PayPal USD, known by its ticker PYUSD, has quickly become one of the most important stablecoins in the digital asset market. Backed 1:1 by U.S. dollar deposits, cash equivalents, and short term U.S. Treasuries, PYUSD is issued by Paxos Trust Company and was created to bring regulated digital dollars into both the PayPal ecosystem and the broader blockchain world.

Since its launch, PYUSD has expanded across exchanges, payment platforms, and DeFi applications. The stablecoin has also maintained strong market stability with minimal deviation from its dollar peg. With Bitrue officially listing PYUSD and opening spot trading at 9 UTC today, new users can access PYUSD for trading, payments, and staking rewards.

This article breaks down the price history, market data, recent news developments, and the upcoming PYUSD opportunities on Bitrue.

Key Takeaways

• PYUSD is pegged 1:1 to USD and backed by cash deposits, treasuries, and dollar equivalents.
• It is issued by Paxos Trust Company, ensuring regulatory oversight and audited reserves.
• PYUSD’s price history shows strong stability around $1.00 with minimal volatility.
• Market cap has grown beyond $3.6 billion with more than 94,000 holders.
• Bitrue is listing PYUSD today with PYUSD/USDT spot trading at 9 UTC.
• A 5% flexible staking program is available for users wanting passive yield.

What Is PayPal USD (PYUSD)?

PYUSD is a regulated dollar backed stablecoin built for payments, transfers, and digital commerce across PayPal, Venmo, and blockchain networks. It is designed to provide the convenience of digital assets without the volatility of cryptocurrency markets.

Users can send, store, redeem, or convert PYUSD inside PayPal and Venmo with no network fees. Outside those platforms, PYUSD operates as an ERC-20 token on Ethereum and is also available on other supported chains such as Solana.

Because PYUSD is fully redeemable for USD and backed by safe, liquid assets, it behaves as a stable digital dollar suitable for everyday financial activities.

Read Also: Paxos Mints Burn $300 Trillion in PYUSD in A Minutes

PYUSD Features and Use Cases

PYUSD was created not just as a stablecoin, but as a payment instrument that connects traditional finance to blockchain infrastructure.

Stability

PYUSD maintains a fixed value of one U.S. dollar and is backed by:

• U.S. dollar deposits
• Short term U.S. Treasuries
• Cash and cash equivalents

Its reserves are audited regularly, ensuring transparency.

Payments and Transfers

PYUSD can be sent across PayPal and Venmo instantly without network fees. Users can convert between PYUSD and dollars freely, making it ideal for merchant payments and small transfers.

Blockchain Compatibility

As an ERC-20 token, PYUSD can move across crypto wallets, exchanges, and DeFi platforms. Multi-chain support allows faster settlement on networks such as Solana.

DeFi Utility

PYUSD can be used for:

• Lending and borrowing
• Stablecoin swaps
• Liquidity pools
• On chain yield strategies

Its regulated design makes it appealing for low risk DeFi positions.

Rewards and Redemption

Some platforms offer incentives for holding PYUSD. Users can also redeem PYUSD for U.S. dollars at any time.

PYUSD Price History and Market Performance

PYUSD behaves as a stablecoin, so its price history shows limited volatility. Based on real time data from CoinMarketCap and the uploaded chart, several patterns emerge.

Price Stability

Across recent trading sessions, PYUSD has stayed between:

• $0.9991 low
• $1.00 high

The chart from your file shows repeated small oscillations around $1.00, with occasional upward wicks that briefly pushed above this range. These movements reflect typical stablecoin market behavior where liquidity imbalances cause short lived deviations.

A significant spike occurred near November 19, seen on the chart as a tall green and red candle, but it quickly returned to the peg. This type of spike is common during large liquidity events or market maker adjustments.

Market Metrics

PYUSD currently shows:

• Market cap of approximately $3.61 billion
• 24 hour trading volume above $120 million
• Circulating supply of 3.62 billion PYUSD
• More than 94,000 holders

These metrics confirm that PYUSD has rapidly grown into a major stablecoin alongside USDC and USDT.

Long Term Price Behavior

Since launch, PYUSD’s all time high was $1.06 and its all time low was $0.9743. Both deviations were brief and recovered quickly, reinforcing PYUSD’s ability to maintain its peg over time.

Latest PYUSD News and Developments

PYUSD continues to gain traction across both payment systems and crypto markets. The most important current event is its listing on Bitrue.

PYUSD Launches on Bitrue Today

Bitrue will list PYUSD on November 21 with the PYUSD/USDT spot pair going live at 9 UTC. This expands access for global traders and enables real time liquidity between PYUSD and other stablecoins.

Bitrue will publish an official announcement on X at 17:00.

5% Flexible Staking on Bitrue

Alongside the listing, Bitrue offers a flexible staking program for PYUSD with a 5 percent yield. This gives users a way to earn passive rewards while still maintaining full withdrawal flexibility.

Quick Start Links

• Buy or deposit PYUSD on Bitrue Spot
• Stake PYUSD with 5% flexible yield

These features allow users to hold PYUSD as a stable asset while generating daily rewards.

Why PYUSD Matters

PYUSD stands out because it brings together:

• PayPal’s global user base
• Regulated stablecoin infrastructure
• Multi-chain blockchain support
• DeFi interoperability
• Merchant level payment integrations

This makes PYUSD one of the first stablecoins with true mainstream accessibility.

Its expansion into exchanges like Bitrue further strengthens liquidity and adoption in the crypto market.

Final Thoughts

PYUSD has quickly established itself as a stable, transparent, and regulated digital dollar. With a strong peg, high market cap, and integration into PayPal and Venmo, it bridges traditional finance with blockchain systems. Bitrue’s listing and staking program open new opportunities for global users looking for stability and yield.

PYUSD’s price history shows consistent stability, and its growing market presence signals increasing trust and utility. As more payment companies and exchanges adopt the stablecoin, PYUSD is positioned to play a key role in digital settlements, cross border payments, and on chain financial services.

Read Also: PayPal Launches Stablecoin on Stellar Network

FAQs

Is PYUSD fully backed?

Yes. PYUSD is backed by cash, treasuries, and cash equivalents held by Paxos.

What keeps PYUSD stable at $1.00?

Its redeemability for USD and fully backed reserves maintain the peg.

How can I check PYUSD’s price history?

Price charts on exchanges and tracking platforms show PYUSD consistently near $1.00.

Can I buy PYUSD on Bitrue?

Yes. Bitrue listed PYUSD on November 21 with available trading and staking.

What is the staking reward for PYUSD on Bitrue?

Bitrue offers a flexible 5 percent staking program.