What is PYUSD on Stellar?
PYUSD is PayPal's US-dollar stablecoin, and since September 2025 it is available natively on the Stellar network. That makes PayPal's dollar token a first-class Stellar asset you can hold, send and trade on the Stellar DEX — and a new stablecoin to watch alongside USDC.
What is PYUSD?
PYUSD (PayPal USD) is a US-dollar stablecoin designed to stay worth one dollar. It is issued by Paxos Trust Company, LLC, a chartered limited-purpose trust company licensed by the New York State Department of Financial Services, and it is fully backed 1:1 by US-dollar deposits, US Treasuries and cash equivalents. In short, it brings PayPal's dollar on-chain in a regulated, redeemable form.
PYUSD on Stellar
PayPal's PYUSD became available on Stellar on September 18, 2025. Bringing it to Stellar extends the token to a network built for payments — fast, low-cost settlement that suits everyday transactions, cross-border transfers and real-time working capital for small and medium-sized businesses. On Stellar, PYUSD is built on the Stellar Asset Contract, so it works natively with the network's smart-contract layer while still trading like any other asset on the Stellar DEX. It's also supported across a range of Stellar wallets, including Lobstr.
Because it settles on the public Stellar ledger, PYUSD's markets — price, order book and pools — are fully transparent, which is exactly the kind of live data Chartui reads.
Who issues it & the issuer address
On Stellar, an asset is identified by its code plus the issuer account that created it. PYUSD's code is PYUSD, and its Stellar issuer (Paxos) is:
GDQE7IXJ4HUHV6RQHIUPRJSEZE4DRS5WY577O2FY6YQ5LVWZ7JZTU2V5
That issuer address is what marks a given PYUSD as the official PayPal / Paxos token rather than a look-alike.
Why the issuer matters
This is the key thing about Stellar assets: the asset is the combination of code and issuer, not the code alone. Two tokens both called PYUSD from different issuers would be different assets trading in separate markets — so when you read a price, you're reading the price of that issuer's token. Chartui shows the issuer next to every pair for this reason, and holding the asset first requires a trustline to the specific issuer.
Adding a PYUSD trustline
To hold or trade PYUSD, your Stellar account adds a trustline to the Paxos PYUSD issuer above. It's a one-time, on-ledger step (most wallets do it for you when you add the asset) and it locks a small 0.5 XLM reserve while the trustline is open. Once it exists, you can receive, hold and trade PYUSD. See Stellar trustlines explained for the details.
Where PYUSD trades
On the Stellar DEX, PYUSD trades against XLM and against the network's other dollar stablecoin, USDC — for example XLM/PYUSD and PYUSD/USDC markets. As with any Stellar pair, liquidity can come from both the order book and live trade flow and from AMM liquidity pools, and the path-payment engine routes across both for best execution.
See live PYUSD markets on Chartui
Chartui streams PYUSD markets straight from the Stellar ledger — price charts, the order book and trade flow, and pool reserves and TVL — with the Paxos issuer surfaced so you always know you're looking at the real PayPal USD.