PayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents. PayPal USD is redeemable 1:1 for U.S. dollars and is issued by Paxos Trust Company.
PayPal USD Price Analysis
As of November 24 2024 PayPal USD has a marketcap of $572M.
This is {{percentagefromath}} from its all time high of $1.021.
In terms of its tokenomics, there's a total supply of 572M with 100% currently outstanding.
Keep in mind PayPal USD has a fully diluted value of $572M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
