PayPal USD (PYUSD) is a US dollar stablecoin issued by Paxos on behalf of PayPal, with reserves attested monthly and redeemable 1:1 for USD. On U.CASH you can accept PYUSD payments, swap it non-custodially, buy it with card or bank, and hold it in your own wallet.
Straight into the app: Swap PYUSD · Buy PYUSD · Sell PYUSD · Get UCASH with PYUSD
ERC-20 on Ethereum (issuer: Paxos). Settlement on U.CASH is non-custodial: every payment moves on-chain, direct to a wallet you control. Confirmation policy for PayPal USD: Follows Ethereum (~12 confirmations).
A single U Account works across accept, swap, and buy. Pick where to start.
Take PYUSD in checkout alongside cards on 35 networks. White-label, non-custodial, live in minutes.
Trade PYUSD for any asset across the network, routed for the best price.
Get PYUSD with any asset you hold, one step, settled to your wallet.
Which payment rails settle the US Dollar and which tokens track it, in one place.
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The setup is deliberately short. One wallet capable of holding PayPal USD and a little PYUSD for gas on its chain, one receiving address for the output, and you have everything: a web3 name resolves to the address just as well as the raw string. Read the preview before signing, since it carries the whole trade at a glance, the amounts in and out, the fee, and the network cost. The wallet remains yours throughout and signs nothing you have not seen on screen, which is the whole security posture in one sentence.
Two costs, both visible up front. The platform charges a flat 0.50% all-in on the swap and nothing hidden behind it, no spread and no routing cut. The network charges its gas in PYUSD, settling with settles with Ethereum blocks on ERC-20 on Ethereum (issuer: Paxos), itemized per leg in the preview. What settles is on-chain to the address you chose, under this asset's policy of Follows Ethereum (~12 confirmations), and once confirmed the balance is entirely yours to move with no platform anywhere in the path.
Execution runs through the aggregated DEX route, which means the number you approved is the number that happens or the transaction reverts: swaps are atomic, with no half-settled state to unwind and no exposure window between legs. If a route cannot fill at your approved bounds it fails cleanly and you re-quote, which is the failure mode you want, cheap and loud rather than silent and expensive.
Tokenized assets price from their issuer's own feed rather than a crypto market, so the quote tracks the underlying's session, and transfer eligibility follows the issuer's on-chain rules: the contract enforces them at settlement, which is why the checkout asks buyers to confirm eligibility once. These assets are not card-buyable; acquisition runs through the swap rail, and the fee structure above applies unchanged. What the wrapper adds is exposure with wallet speed, not brokerage machinery: no deposit account, no settlement lag between deciding and holding. Holders keep the same options as any token: send it, spend it where it is accepted, or swap back out the way they came in, and every movement carries the chain's own finality with it.
One account unlocks accept, swap, buy, and the rest of the U.CASH network across 35 networks.