/ Conviction Index / PYUSD (PayPal USD)

PYUSD (PayPal USD)

Stablecoin · PYUSD · Launched Aug 2023
B

Good (B) — Conviction Grade

PYUSD is PayPal's USD stablecoin, issued by Paxos. Strong regulatory positioning (NYDFS-regulated Paxos issuer). Material PayPal distribution channel. Mid-tier DeFi integration vs. USDC.

78
Composite / 100
/ Subscore Breakdown · 5 Dimensions

Where this grade comes from.

Protocol Security
B+
Governance Decentralization
C+
Liquidity
B
Adoption & Utility
B
Regulatory Posture
A-
/ Public-Record Events

Key events & disclosures.

  • Launch Aug 2023
  • Paxos NYDFS-regulated issuer
  • PayPal distribution channel
  • Multi-chain deployment 2024+

/ Best for

PayPal-ecosystem-integrated applications; institutional allocations seeking PayPal-backed brand association.

/ Watch out for

DeFi integration depth trails USDC. Best where PayPal-ecosystem alignment is the primary use case.