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PYUSDStablecoin·Paxos / PayPal

PayPal USD

NYDFS-regulated stablecoin issued by Paxos for PayPal, backed by cash and T-bills.

Deployments

ETHEthereum· Primary
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0x6c3ea9036406852006290770BEdFcAbA0e23A0e8

SOLSolana
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2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo

OCB — 01·Rating breakdown

PYUSD — not yet scored

Stablecoin Health RatingNot yet scored

PYUSD is registered in the OCB pipeline. Scoring data has not yet been published for this instrument.

Read the methodology →
OCB — 02·Coverage gaps + diligence

What closes the gap — and who closes it

Redemption Liquidity· 1 finding
data gapredemption liquidity gap90% confidence

gap:liquidity

No redemption liquidity data available at time of scoring run.

Verified Jun 13, 2026
Disclosure Quality — issuer disclosure· 2 findings
contract addressEthereum contract95% confidence

Contract address verified on Ethereum: (primary deployment)

Score impact: Confirms onchain existence; feeds custody_verification sub-signal

Verified Jun 13, 2026· instrument_deployments registry — chain_id 1
contract addressSolana contract95% confidence

2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo

Contract address verified on Solana: 2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo (Solana deployment)

Score impact: Confirms onchain existence; feeds custody_verification sub-signal

Verified Jun 13, 2026· instrument_deployments registry — chain_id 1101
Holder Concentration· 1 finding
holder concentration snapshot90% confidence

Top-10 holders control 83.70% of supply (after excluding protocol-controlled addresses). Concentration track: retail_facing.

Score impact: Top-10 at 83.70% feeds holder_concentration sub-signal

Verified Jun 13, 2026· norm_concentration row observed 1d ago
Methodology

PYUSD is scored across the same four dimensions as every other rated instrument — Disclosure Quality, Redemption Liquidity, Structural Trust, and Holder Concentration. 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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