# PYUSD 101 I Mehak Jethmalani and Nick Mauro

- Channel: [ETHGlobal](https://streameth.org/ethglobal)
- Date: 2025-10-09
- Duration: 19:35
- Topics: PYUSD, PayPal, stablecoin, USD-pegged, Ethereum, Arbitrum, Solana, Stellar, blockchain, payments, DeFi, financial inclusion, Paxos, New York DFS, regulation, multi-chain, interoperability, ERC20, Venmo, wallets, KYC, hackathon, developer resources, bounties, compliance, security, programmable, decentralized applications, LayerZero, Google Cloud, on-ramp, off-ramp, transaction volume, payment rails, AML, reserves, tokenization, open loop
- Watch: https://streameth.org/watch/yt-5fmsqaPXUVU
- YouTube: https://www.youtube.com/watch?v=5fmsqaPXUVU

## Description

This session, led by Mehak Jethmalani and Nick Mauro, provides a comprehensive overview of PYUSD, PayPal's USD-pegged stablecoin. PYUSD is live on Ethereum, Arbitrum, and Solana, with Stellar integration coming soon. The talk covers PayPal’s motivation for launching a stablecoin: to modernize payments, reduce settlement times, lower fees, and increase financial inclusion, especially for the unbanked. PYUSD is fully backed by USD reserves, regulated by the New York DFS, and issued by Paxos.

It is designed for payments, is programmable, multi-chain, and supports 24/7 transactions. Developers can access PYUSD via PayPal, Venmo, and major wallets, with resources and bounties available for hackathon participants. The Q&A addresses KYC, use cases, reserves, and interoperability, emphasizing PYUSD’s open, secure, and compliant infrastructure for decentralized applications and payments innovation.

00:00 Introduction  
00:36 PayPal’s Motivation for PYUSD  
01:33 Limitations of Traditional Payments  
02:42 Financial Inclusion and Blockchain Benefits  
03:31 Evolution of Payment Technology  
03:56 What Are Stablecoins?  
04:48 Next Generation Payments: Features  
06:15 From Online to Onchain: PYUSD Overview  
07:04 Multi-Chain Support and Developer Resources  
07:39 PYUSD Design: Payments Focus and Regulation  
08:29 Accessibility, Security, and Compliance  
08:59 Stablecoins vs. Traditional Payment Rails  
09:59 Hackathon Bounties and Use Cases  
10:46 Developer Resources and Support  
11:33 Google Cloud Web3 Portal  
11:57 Q&A: KYC, Use Cases, and Technical Details  
14:22 Hackathon Bounty Tracks  
15:21 Multi-Chain and Token Standards  
15:47 Reserves and Paxos Role  
16:40 Wallet Eligibility and Usage  
17:21 Sending PYUSD: PayPal and External Wallets  
18:08 On-Ramping and Access Points  
19:19 Closing Remarks

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🇺🇸 *ETHGlobal New York*
This workshop is specifically for ETHGlobal New York, a 3-day hackathon held August 15-17, bringing together the most skilled web3 developers, designers and product builders from all around the globe for a weekend-long adventure to advance the Ethereum ecosystem! Watch the full ETHGlobal New York 2025 playlist here: https://www.youtube.com/playlist?list=PLXzKMXK2aHh4Xze0ZeSWCSGsw25clPpvZ

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