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PYUSDStablecoin·Paxos / PayPal·LiveAs of Aug 26, 2026

PayPal USD

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

Stablecoin Quality Rating
83/ 100
Limited-1 pts / 30d

Deployments

ETHEthereum· Primary
View on explorer →

0x6c3ea9036406852006290770BEdFcAbA0e23A0e8

SOLSolana
View on explorer →

2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo

ARBArbitrum
View on explorer →

0x46850aD61C2B7d64d08c9C754F45254596696984

OCB — 01·Rating breakdown
Methodology v1.2 · Aug 26, 2026

PYUSD across four dimensions

DisclosureNaN / 25
LiquidityNaN / 25
StructureLIMITINGNaN / 25
Concentrationn/a

Holder Concentration is not published for this instrument — its holder base is too large or too widely distributed to measure to ground truth. The composite reflects the three measured dimensions, renormalized.

Gap to institutional grade (≥70)Cleared

Signal readings

Top-10 holder pct
Withheld

Custody & backing fields are descriptive — published, not scored

OCB — 02·Outstanding supply
$2.73B

PYUSD supply over time

PYUSD · Paxos / PayPal

Outstanding supply (USD)

PYUSD outstanding supply is $2.73B as of Aug 25, 2026. +2.3% over the prior 30 days.

ONCHAIN
BENCHMARK
USD DATE $0.00 $1.00B $2.00B $3.00B $4.00B Jun 26 Jun 26 Jun 26 Jul 26 Jul 26 Jul 26 Aug 26 Aug 26 Aug 26 $2.73B
Source: OCB · PYUSD · onchainbenchmark.comUpdated daily
OCB — 03·Rating history
9 readings

PYUSD trust rating since coverage began

Score history not yet available.

The chart will appear once 5 more daily readings have been collected (9 of 14 so far).

OCB — 04·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.

This gap is re-checked on every scoring run and will close once verifiable data is available.

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

Contract address verified on Ethereum: (primary deployment)

Address confirmed active onchain.

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)

Address confirmed active onchain.

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.

Holder snapshot refreshes on a rolling basis and may be up to 36 hours old.

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 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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