PayPal Digital Currencies company
Overview
PayPal's digital currencies business covers its crypto products, most notably PayPal USD (PYUSD), a US dollar stablecoin launched in August 2023 and issued by Paxos Trust Company under New York State Department of Financial Services oversight. PYUSD is backed by dollar deposits, short-term US Treasuries and cash equivalents, launched as an ERC-20 token on Ethereum and later expanded to Solana and native issuance on Polygon. PayPal also lets users buy, hold and transfer cryptocurrencies within its wallet and offers rewards on PYUSD balances.
Within the DeFi Intel graph, PayPal Digital Currencies connects to 1 tracked entity, most strongly to New York State Department of Financial Services.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
regulated_by | New York State Department of Financial Services | 90% |
Frequently asked questions
What is PayPal Digital Currencies?
PayPal Digital Currencies is a crypto-bank tracked in the DeFi Intel knowledge graph. It is connected to 1 other tracked entity, most strongly to New York State Department of Financial Services.
What type of entity is PayPal Digital Currencies?
PayPal Digital Currencies is classified as a crypto-bank (company) in the DeFi Intel knowledge graph.
What is PayPal Digital Currencies connected to?
In the DeFi Intel knowledge graph, PayPal Digital Currencies is linked to 1 other tracked entity, most strongly to New York State Department of Financial Services.
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