PayPal
Digital payments platform distributing and integrating the Paxos-issued PYUSD stablecoin

Global digital-payments platform that supports buying, holding, transferring, spending, and selected business payout uses of PYUSD. PayPal's current terms state that Paxos, not PayPal, issues PYUSD and maintains its reserve assets. Availability, supported networks, rewards, account entity, and crypto protections vary by product and jurisdiction. PayPal describes itself as a financial-technology company rather than a bank, and a PayPal crypto balance is not a bank deposit.