PYUSD 101 I Subramaniam Vaithiyalingam

Sun, Nov 2, 2025, 12:00 AM

PYUSD is PayPal’s U.S. dollar–backed stablecoin, fully reserved 1:1 in USD deposits or T-bills and issued by Paxos under NYDFS regulation. Subramaniam explains that after PayPal’s 2020 entry into crypto (buy/sell/hold, checkout, and transfers on PayPal & Venmo), the company saw volatility make BTC and ETH unsuitable for commerce—so it launched PayPal USD (PYUSD) in August 2023. PYUSD now supports cross-border settlements (Xoom), B2B payouts (Hyperwallet), and 4 % rewards for holders inside PayPal. The token is multi-chain—on Ethereum, Solana, Arbitrum, and Stellar—and fully programmable with AML monitoring. He contextualizes PYUSD within Asia’s fintech evolution (from ATMs to UPI) and crypto’s timeline (Bitcoin → Ethereum → stablecoins), stressing that PayPal aims to merge traditional trade and DeFi rather than create a parallel economy. Builders are invited to experiment with financial inclusion, global money movement, tokenized settlements, and new consumer experiences. PayPal’s goal is adoption and community feedback, aided by a PayPal Stable Club, on-site support booth, and Google Cloud faucets providing 100 PYUSD test tokens on Ethereum and Solana. 00:02 Intro – PayPal’s role and goals 00:54 Company overview and crypto timeline 03:34 PYUSD launch and integrations 06:36 How PYUSD works: reserves, custodian, blockchains 07:42 Opportunities for builders (DeFi + commerce, inclusion, settlements) 08:45 Community feedback and hackathon resources 10:18 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇮🇳 *ETHGlobal New Delhi* This workshop is specifically for ETHGlobal New Delhi, a 3-day hackathon held September 19-21 at the India International Convention & Expo Centre, 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 Delhi 2025 playlist here: https://www.youtube.com/playlist?list=PLXzKMXK2aHh7zCFW3hBqatZ18rQaYeEJL _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow PayPal USD* X: https://x.com/PayPal ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Warpcast: https://warpcast.com/ethglobal Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city