What Is PayPal USD (PYUSD)? How to Buy & Trade It on Bitrue

PayPal USD, commonly known as PYUSD, is a regulated U.S. dollar backed stablecoin designed to bring payment utility to the blockchain economy. 

Launched by PayPal and issued by Paxos Trust Company, PYUSD is pegged 1:1 to the U.S. dollar and backed by cash deposits, short term treasuries, and similar dollar denominated assets. It was created to enable fast, low cost digital payments while integrating seamlessly with crypto wallets, exchanges, and decentralized finance applications.

PYUSD expands PayPal’s reach beyond traditional wallets into the world of blockchain based settlement. It supports everyday payments, cross border transfers, trading, and on chain finance. As adoption grows, exchanges like Bitrue are listing PYUSD to offer broader accessibility and deeper liquidity for users around the world.

This guide explains what PYUSD is, how it works, its use cases, and how you can buy and trade PYUSD on Bitrue starting November 21.

Key Takeaways

• PYUSD is a regulated stablecoin backed 1:1 by U.S. dollar deposits, treasuries, and cash equivalents.
• It is issued by Paxos Trust Company and fully redeemable for U.S. dollars.
• PYUSD works inside PayPal and Venmo with zero network fees for transfers.
• It is an ERC-20 token compatible with Ethereum, Solana, and other supported chains.
• Users can use PYUSD for payments, cross border transfers, DeFi, trading, and rewards.
• PYUSD will be listed on Bitrue starting November 21, allowing users to trade PYUSD pairs globally.

What Is PYUSD?

PYUSD is a U.S. dollar pegged stablecoin developed by PayPal and issued by Paxos Trust Company. Each token is backed by dollar denominated reserves including cash, short term treasuries, and other safe liquid assets. This ensures that one PYUSD is always redeemable for one U.S. dollar.

Unlike many algorithmic or unregulated stablecoins, PYUSD follows strict oversight and monthly reserve audits. This regulatory compliance makes it suitable for mainstream payments and institutional level applications.

PYUSD works across PayPal, Venmo, crypto exchanges, and blockchain networks. Its primary goal is to bridge Web2 payment systems with Web3 digital assets.

Read Also: PayPal Launches Stablecoin on Stellar Network

PYUSD Features and How It Works

Stable Value Backed 1:1

PYUSD is designed to stay equal to one U.S. dollar. Paxos publishes reserve reports that confirm all PYUSD tokens are backed by:

• U.S. dollar deposits
• U.S. Treasuries
• Cash equivalents

Users can redeem PYUSD for dollars at any time, ensuring consistent stability.

Payments and Transfers

PYUSD is optimized for payments. Users can send and receive it across PayPal and Venmo without paying network fees. This makes PYUSD ideal for cross border transfers or everyday payments without volatility risk.

Integration in the PayPal Ecosystem

Inside PayPal and Venmo, PYUSD behaves like a native digital balance. This allows users who are not familiar with blockchain technology to use a crypto asset without friction. It also enables merchants to accept PYUSD seamlessly.

Blockchain Compatibility

PYUSD is issued as an ERC-20 token on Ethereum, but is also supported on other networks such as Solana. This enables fast settlement, interoperability, and access to various decentralized applications.

DeFi Utility

PYUSD can be used in decentralized finance for:

• Lending and borrowing
• Liquidity pools
• Yield generation
• Stablecoin swaps

Its backing and regulatory clarity make it attractive for users seeking low risk stable assets.

Rewards and Benefits

Some platforms offer rewards for holding PYUSD, giving users an incentive to keep balances in stable digital form. This expands its utility beyond simple payments.

Full Redemption for U.S. Dollars

Users can always redeem PYUSD for USD at a 1:1 rate. This reinforces trust and ensures stable liquidity.

Why PYUSD Matters in the Crypto Market

PYUSD stands out because it is the first major stablecoin issued by a global payment company with hundreds of millions of users. PayPal’s integration brings stablecoins into mainstream consumer payment flows rather than limiting them to crypto native environments.

Its regulatory alignment and asset backing give PYUSD a credibility advantage over lesser known stablecoins. The combination of everyday payment convenience and blockchain utility positions PYUSD as a bridge between traditional finance and decentralized markets.

With new listings on exchanges like Bitrue, PYUSD becomes accessible for trading, arbitrage, and cross platform transfers.

PYUSD Bitrue Listing: What You Should Know

Bitrue will officially list PYUSD on November 21. This listing allows users to buy, trade, withdraw, and convert PYUSD directly through Bitrue’s trading interface.

The listing comes as demand for regulated stablecoins continues to grow. Bitrue aims to support new assets that bring transparency, liquidity, and real world utility.

Once the PYUSD trading pair goes live, Bitrue users can use the stablecoin for deposits, payments, trading strategies, yield products, and cross market movements.

PYUSD Is Now Live on Bitrue: Trading Starts at 9 UTC

Bitrue has officially listed PayPal USD (PYUSD), and spot trading for the PYUSD/USDT pair begins today at 9 UTC. This listing gives users immediate access to one of the most regulated and trusted dollar backed stablecoins in the market. A dedicated X post announcement will go live at 17:00.

Alongside the trading launch, Bitrue is introducing a 5% flexible staking option for PYUSD. This allows users to earn passive rewards while keeping their funds liquid and accessible.

How to Get Started

• Deposit or buy PYUSD on Bitrue Spot
• Stake PYUSD and earn rewards with 5% flexible staking
• Sit back and watch your rewards grow as PYUSD works for you.

How to Buy PYUSD on Bitrue

Buying PYUSD on Bitrue is simple and available through both the website and mobile application. Follow the steps below to start trading PYUSD once the listing is live.

Step 1: How to Buy PYUSD on Bitrue Website

1. Go to the Bitrue website.
2. Choose Spot trading. 
3. Search for the PYUSD/USDT trading pair.
4. Click the pair to open the trading interface.
5. Place your buy order and confirm the trade.

Direct link to trade: PYUSD/USDT (available when listing opens)

Step 2: How to Buy PYUSD on Application

1. Open the Bitrue app or download it from Google Play or the App Store.
2. Log in and navigate to the Market menu.
3. Search for PYUSD.
4. Select the PYUSD/USDT pair and complete your order.

Make sure you are using the latest version of the Bitrue application for the best experience.

Final Thoughts

PYUSD is a major step forward in merging traditional payments with blockchain technology. With full regulatory oversight, 1:1 backing, and seamless integration with PayPal and Venmo, it offers real utility beyond speculation. Its compatibility with Ethereum and other blockchains brings additional functionality ranging from DeFi to cross border settlement.

The listing of PYUSD on Bitrue expands access and unlocks new trading opportunities. Whether you want a stable digital asset for payments, a reliable base for trading, or a bridge between traditional and decentralized finance, PYUSD stands out as a strong choice.

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

FAQs

What is PYUSD?

PYUSD is a PayPal issued stablecoin backed 1:1 by U.S. dollar deposits and treasuries, created for payments and blockchain use cases.

Who issues PYUSD?

It is issued by Paxos Trust Company, a regulated financial institution.

Is PYUSD fully backed?

Yes. PYUSD is backed by cash, U.S. treasuries, and cash equivalents.

What networks support PYUSD?

PYUSD is primarily an ERC-20 token on Ethereum but also operates on supported chains such as Solana.

Can I buy PYUSD on Bitrue?

Yes. Bitrue will list PYUSD starting November 21, allowing users to trade PYUSD/USDT.