PYUSD on Stellar

What is PYUSD?

PYUSD is a stablecoin. Stablecoins are cryptocurrency designed to maintain a stable value while providing the benefits of blockchain with fast, cost-effective transactions. PYUSD is an open, fully-backed, US dollar-denominated stablecoin. It was created from the ground up to provide the technology needed for the future of digital payments.   

PYUSD is issued by Paxos Trust Company, LLC (Paxos), a limited purpose trust company regulated by the New York State Department of Financial Services (NYDFS). PYUSD is 100% backed by high-quality liquid assets and is redeemable 1:1 via PayPal for U.S. dollars.

PYUSD Is Now Available on Stellar

PYUSD is now available on Stellar, a blockchain network for fast, low-cost, and trusted global payments at scale. Stellar is a proven and popular blockchain network with nearly 10 million accounts and 20 billion all-time operations to date. It’s also a highly cost-efficient network with an average transaction cost of just $0.001.

PYUSD leverages the Stellar network’s speed, low transaction costs, and ease of integration to enhance its utility for real-world payments, commerce, and micro-financing. Together, PYUSD and Stellar offer fast, low-cost payments and real-world utility both inside and outside the PayPal ecosystem.

PYUSD Is Built for Payments

PYUSD is open and programmable, meaning it can be  integrated into apps and workflows, enabling use cases such as:

• Cross-border peer-to-peer transfers - individuals can send funds to eligible recipients with a compatible wallet and get near-instant settlement at minimal to no cost. With $685 billion USD in fiat payments sent in 2024 alone to low- and middle-income countries, this is especially impactful for individuals in these countries. 
• Expanded access to essential financial services - With the expansive list of financial products already on Stellar and the wide distribution of PYUSD, users can benefit from improved daily payment options and financial solutions such as working capital and business loans. This both expands financial access to more of the world and enables a more seamless flow of value across global markets. 
• Easily bridge the digital and physical worlds - The Stellar network supports a vast array of on- and off-ramps, including the Anchor platform and third-party products, making it simple to exchange fiat to PYUSD, use PYUSD as part of a global blockchain network, and then exchange the PYUSD back to fiat.  
• Business-to-business transfers - with the open and programmable PYUSD, businesses can create new solutions that solve the issues with many legacy rails such as slow settlements and high fees. These pain points are even more pronounced when working with cross-border B2B payments, where multiple entities or currencies can be involved.

Callout: The Anchor Platform is a set of tools and APIs that enable developers and businesses to build their own on and off-ramp services for the Stellar network. These services (called “anchors”) connect Stellar to traditional financial rails. They can accept deposits of fiat (such as the US dollar) via existing rails (such as bank deposits or PayPal), send the user the equivalent digital tokens on the Stellar network, then allow the token holder to redeem their tokens for the real-world assets they represent.

Stellar—a Blockchain Built for Everyday Financial Services

Stellar, launched in 2014, was purpose-built with a focus on financial services. The Stellar network excels at real-world financial use cases, such as fast and cheap cross-border payments, global accessibility, easy on- and off-ramps to fiat, and more.

The Stellar network maximizes the benefits of stablecoins such as PYUSD.

• PYUSD on Stellar can be used for fast (~5 seconds), affordable ($0.001) cross-border payments, giving expanded access to essential financial services to underserved locations across the globe.  
• With Anchors and third-party products, Stellar connects PYUSD seamlessly to local payment systems and cash networks.  
• Access to the Stellar network’s infrastructure enhances how people use PYUSD in their everyday financial activities, from payments to remittances to merchant services. 
• Users benefit from improved daily payment options and financing solutions such as working capital and business loans—use cases already thriving on the Stellar network. 
• Stellar gives PYUSD users access to its vast network of on- and off-ramps, making it easy to move between digital and physical. 
• Small businesses and individuals in emerging markets now have access to a digital currency that may be more inclusive and stable than their local fiat currency. 
• PYUSD on Stellar can enhance liquidity and financing opportunities through Payment Financing or 'PayFi', an emerging innovation in digital finance.  
• PYUSD on Stellar can drive efficient, modernized money movement, cost transparency, and minimize settlement delays by unlocking better borderless financial flows.

Developers building with PYUSD on Stellar also see several benefits:

• Stellar is built for real-world payments, with native features to help developers, such as: 
• path payments where the asset received in a transaction can change from the asset sent, all within one atomic transaction. 
• an onchain, native DEX/AMM at the protocol layer offering deep composability without third-party risk or infrastructure. 

• Stellar is built to support real-world financial use cases, including cross-border money movement, remittances, payouts, neobanks, fintech wallets, tokenized deposits, RWAs, and fiat ramps.  
• Anchors and third-party providers make it simple to exchange fiat for PYUSD, use PYUSD across the global blockchain network, and convert it back to fiat. With Anchors, users can on- and off-ramp from local currencies into PYUSD using PayPal and other compliant fiat ramps that may support payment methods such as Apple Pay or bank transfers. Since Anchors provide these rails, developers don’t need to rebuild them from scratch. 
• Fees are minimal and predictable, averaging around $0.001 per transaction and transaction finality is fast (~5 seconds). 
• 2025 milestones include increasing theoretical peak throughput to 5,000 transactions per second (on par with major credit card networks) and reducing ledger close times to 2.5 seconds. 
• The Stellar network offers a highly active ecosystem for developers with years of consistent development activity and support, an active developer community, well-funded developer grants, and a roadmap that promises to increase scalability and usability even further.

How To Get PYUSD

You can get PYUSD on Stellar in two ways.   

First, PYUSD is available on major Stellar wallets and exchanges.    

Second, PYUSD is also available for eligible persons to buy, sell, and use within the PayPal ecosystem itself, through PayPal and Venmo.

Using PYUSD on PayPal

PYUSD can be bought by eligible persons on PayPal and Venmo using both the web and mobile apps. Simply select “Crypto'' from the main screen:

Buying Crypto on PayPal

Select “Buy” and select PayPal USD (PYUSD). Enter a dollar amount, click “Buy,” and your USD will be exchanged 1:1 for an equivalent amount of PYUSD and deposited to your wallet.

Buying PYUSD on Venmo

Buying PYUSD on PayPal

With the PYUSD in your wallet, you can now:

• Send your PYUSD to another eligible PayPal or Venmo user 
• Send your PYUSD to any compatible user/wallet external to PayPal 
• Convert your PYUSD to some other crypto (for example Bitcoin) 
• Sell your PYUSD back 1:1 for USD

PYUSD Options on PayPal

Holders of PYUSD on PayPal or Venmo can also earn rewards based on their average daily balance of PYUSD. Rewards are paid out monthly in PYUSD directly to the holder’s PayPal or Venmo crypto wallet. The reward rate is variable, and you can view the current rewards rate in the PayPal app or within your account's Crypto section.

Integrating and Using PYUSD in Your Stellar Apps

Integrating PYUSD into your apps on Stellar is straightforward. PYUSD on Stellar is an Asset that leverages the Stellar Asset Contract (SAC), a contract that allows users and contracts to make payments with, and interact with, assets, making PYUSD broadly compatible with Soroban protocols.

For more information on building with PYUSD and Stellar, check out these resources:

• Stellar developer hub 
• Complete Stellar Developer Documentation 
• PYUSD developer hub 
• PYUSD Mainnet contract 
• PYUSD Testnet contract

To test your PYUSD and Stellar apps use the Stellar Testnet. Testnets in Web3 are sandbox environments where developers can build and test their apps without risking real funds.

As a test network, the Stellar Testnet uses corresponding test versions of tokens such as PYUSD and XLM (the native currency of Stellar). These test tokens allow developers to deploy and interact with smart contracts, test transactions and gas estimation, verify wallet integrations, and more. Unlike Mainnet tokens, these Testnet tokens have no real-world value.

Test PYUSD is available for free using the Google Cloud Web3 faucet or the Paxos faucet.

Contract Addresses

Testnet

• PYUSD Testnet contract 
• PYUSD Testnet asset 
• Issuer: GBT2KJDKUZYZTQPCSR57VZT5NJHI4H7FOB5LT5FPRWSR7I5B4FS3UU7G 
• AdminContract: CBZ5K5D736MF5QEUSSPTEXSOUQUWDQBATDY3O7HNYOMRSJQG7PVPTVD3

Mainnet

• PYUSD Mainnet contract 
• PYUSD Mainnet asset  
• Issuer: GDQE7IXJ4HUHV6RQHIUPRJSEZE4DRS5WY577O2FY6YQ5LVWZ7JZTU2V5 
• AdminContract: CAKBVGHJIK2HPP5JPT2UOP27O2IMKIUUCFGP3LOOMGCZLE3NP73Z44H6

Get Started Today

PYUSD on Stellar combines the fully-reserved PYUSD stablecoin with the speed, affordability, and financial focus of the Stellar network. Together, they create an inclusive, fast, and cost-efficient network built for payments, real-world assets, and institutional-grade finance.

To get started today, learn more in our whitepaper, explore the PYUSD developer ecosystem, and mint testnet PYUSD.