Want to learn more about Paypal's stablecoin, PayPal USD? Check out this article to get the scoop!
What is PayPal USD (PYUSD)?
PayPal USD (PYUSD), is a type of cryptocurrency called a stablecoin and is fully backed by US dollar deposits, US treasuries, and similar cash equivalents. You will be able to buy and sell 1 PYUSD for 1 USD on Venmo and PayPal.
What can I do with PYUSD?
You can buy or sell PYUSD on Venmo.
You can send it other people on Venmo and PayPal without fees. Plus, you can send it to other wallet addresses that support PYUSD (network fees will apply).
Are the fees for PYUSD?
There are no fees to buy, sell, or PYUSD. There also aren’t any fees for sending PayPal USD to other Venmo users or PayPal accounts.
Network fees will apply when sending PYUSD to wallet addresses outside of Venmo or PayPal. Learn more about fees for buying, selling, or transferring cryptocurrencies on Venmo.
I want to know more about crypto
Check out the Crypto tab in the Venmo app for more educational material.