# PYUSD (PayPal USD) PYUSD Supported pairs: PYUSD/USDT, PYUSD/USDC, PYUSD/ETH Contract address: 0x6c3ea9036406852006290770bedfcaba0e23a0e8 PayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents. PayPal USD is redeemable 1:1 for U.S. dollars and is issued by Paxos Trust Company. Starting August 7, 2023, and rolling out in the coming weeks, eligible U.S. PayPal customers who purchase PayPal USD will be able to: * Transfer PayPal USD between PayPal and compatible external wallets * Send person-to-person payments using PYUSD * Fund purchases with PayPal USD by selecting it at checkout * Convert any of PayPal's supported cryptocurrencies to and from PayPal USD For more information, visit --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://tokenlon.gitbook.io/docs/docs.en/blog/whatsnew/tokenlisting/pyusd-paypal-usd.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.