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PYUSDStablecoin·Paxos / PayPal ↗·LiveAs of Oct 10, 2026···

PayPal USD

Dollar stablecoin issued by Paxos for PayPal, backed by cash and T-bills. Paxos Trust Company is an OCC-chartered national trust bank.

Stablecoin Quality Rating
68/ 100
Developing+2 to Institutional-grade (≥70)+1.2 pts / 30dData gap: Disclosure Quality · Redemption Liquidity · Structural Trust
OCB — 01·Rating breakdown
Methodology v1.6 · Oct 10, 2026

PYUSD across four dimensions

Reserve23 / 25
Redemption18 / 25
Transparency23 / 25
ConcentrationLIMITING4 / 25
Gap to Institutional-grade (≥70)+2

Signal readings

Top-10 holder pct
83.7%

Custody & backing fields are descriptive — published, not scored

OCB — 02·Outstanding supply
$2.88B

PYUSD supply over time

PYUSD · Paxos / PayPal

Outstanding supply (USD)

PYUSD outstanding supply is $2.88B as of Oct 10, 2026. +3.3% over the prior 30 days.
ONCHAIN
BENCHMARK
Source: OCB Quality Ratings · PYUSD · onchainbenchmark.comUpdated daily
OCB — 03·Rating history
26 readings

PYUSD quality rating since coverage began

PYUSD · Stablecoin Quality Rating

Composite rating (0–100)

PYUSD rating is 68 as of Oct 10, 2026. +1.2 points over the prior 30 days.
ONCHAIN
BENCHMARK
Source: OCB Quality Ratings · PYUSD · onchainbenchmark.comUpdated daily
OCB — 04·Deployments

How this instrument's supply is distributed across chains

ChainShare of measured supply
ETHEthereum
61.9%
0x6c3ea9…23A0e8Explorer ↗
SOLSolana
24.5%
2b1kV6Dk…u24GXoExplorer ↗
ARBArbitrum
13.6%
0x46850a…696984Explorer ↗
OCB — 05·Coverage gaps + diligence

Where coverage is incomplete — and what could narrow it

Methodology

PYUSD is scored across the same four dimensions as every other rated instrument in its class — Reserve Quality, Redemption Depth, Holder Concentration, and Transparency. Each dimension contributes up to 25 points. The dimension breakdown above shows where the score comes from; the diligence trail shows every verified fact behind it.

Read the full methodology ↗
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