PayPal USD (PYUSD) is a stablecoin designed to simplify digital payments within the blockchain ecosystem. It is pegged to the U.S. dollar and fully backed by USD deposits, short-term U.S. Treasuries, and similar cash equivalents, ensuring a stable value. Here are the key ways PYUSD is used:

• Buying and Selling: Users can buy and sell PYUSD through the PayPal app or website, as well as on cryptocurrency exchanges like Coinbase and Kraken. The stablecoin can be purchased using a PayPal balance, linked bank account, or debit card.
• Conversions: PYUSD can be converted to other cryptocurrencies supported by PayPal, such as Bitcoin, Bitcoin Cash, Ether, and Litecoin. Fees apply for these conversions.
• Online Purchases: PYUSD can be used for online transactions at supporting merchants. PayPal sells the PYUSD to facilitate these purchases.
• Transfers: PYUSD can be sent to compatible cryptocurrency wallets, including Ethereum wallets, without fees. Users can also transfer PYUSD between PayPal accounts without fees.
• Diversification: Holding PYUSD can diversify a crypto portfolio and reduce overall volatility, making it a smart choice for those seeking stability in their cryptocurrency holdings.

Overall, PYUSD aims to provide a seamless and stable payment method within the PayPal ecosystem and beyond.

To store PayPal USD (PYUSD) tokens, you can use the BitPay Wallet app, which allows you to securely store and manage your PYUSD tokens. Additionally, you can send PYUSD to an external wallet and hold it in self-custody, making it possible to use the tokens for payments elsewhere.

To buy PayPal USD (PYUSD) tokens, you can follow these steps:

1. Directly through PayPal:

   • Ensure you have an eligible PayPal account.
   • Log in to your PayPal account through the app or website.
   • Navigate to the crypto section.
   • Select PayPal USD (PYUSD) and choose the amount you want to purchase.
   • Use your PayPal balance, linked bank account, or debit card to complete the purchase.

2. Cryptocurrency Exchanges:

   • Create an account on exchanges like Coinbase or Kraken.
   • Complete the necessary verification process.
   • Link a payment method (bank account, debit card, or wire transfer).
   • Search for PYUSD and select it.
   • Enter the amount you want to buy in USD or your local currency.
   • Review and confirm the purchase.

3. Other Wallets and Platforms:

• Platforms like Crypto.com and Phantom also support PYUSD.
• You can acquire PYUSD through these platforms, potentially using peer-to-peer trading or other cryptocurrencies.

Remember to review fees and terms associated with each method before making a purchase.