App Lists PayPal USD (PYUSD)

Purchase PYUSD easily with CAD

Jul 09, 2024
Pyusd App Listing Content Hub

🇨🇦 Canada users: 

PayPal USD (PYUSD) is now listed in the App, joining the growing list of 250+ supported cryptocurrencies, including Canadian dollar (CAD), bitcoin (BTC), Ether (ETH), and USD Coin (USDC). Note that PYUSD is already available in other jurisdictions.

PayPal USD (PYUSD) is a US dollar-pegged digital asset launched by the global payment services provider PayPal. It is fully backed by US dollar deposits, US treasuries, and similar cash equivalents. PYUSD is regulated by the New York State Department of Financial Services. On PayPal, you can buy and sell 1 PYUSD for 1 USD. App users can now purchase PYUSD easily with CAD and spend it at over 80 million merchants globally by topping up the Visa Card. 

For more information, check out the University article, What is PYUSD? PayPal’s New Stablecoin–and Where to Get It.
For Canadian customers: Please note that Foris DAX, Inc. has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until Foris DAX, Inc. obtains registration, Foris DAX, Inc. has agreed to abide by the terms of an undertaking available here.

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