# PYUSD 101 I Mehak Jethmalani

- Channel: [ETHGlobal](https://streameth.org/ethglobal)
- Date: 2025-11-09
- Duration: 26:50
- Topics: PYUSD, PayPal, Paxos issuer, NYDFS regulated, 1:1 USD stablecoin, ERC-20, multi-chain, programmable payments, AML/monitoring, remittances (Xoom), B2B payments, Hyperwallet payouts, PYUSD rewards 4%, faucets (Google Cloud, Paxos testnet), hackathon bounties, responsible use, exchanges access, geo limitations, reserves-backed, developer resources
- Watch: https://streameth.org/watch/yt-XtcS59KRiO4
- YouTube: https://www.youtube.com/watch?v=XtcS59KRiO4

## Description

Mehak (PayPal, PYUSD) explains why PayPal launched a dollar-pegged stablecoin and how it fits the “next generation of payments.” She contrasts legacy rails (ACH/SWIFT delays, banking hours, intermediaries/fees, access barriers) with on-chain settlement that’s fast, interoperable, inclusive, and 24/7. PYUSD is a 1:1 USD stablecoin, 100% reserve-backed, issued by Paxos and regulated by NYDFS. It’s ERC-20, multi-chain, programmable, low-cost to move (chain-dependent), and benefits from PayPal’s compliance stack (e.g., AML/monitoring). Users can buy, redeem, and transfer PYUSD; developers can integrate it across eligible exchanges and supported networks.

For ETHGlobal, PayPal’s bounties are intentionally open-ended: prioritize payments-centric ideas (P2P, remittances, B2B, payouts) but creative, responsible uses are welcome (e.g., on-chain rewards, lending/collateral, wrappers/interop, gas-saving flows). She highlights live efforts like remittances (Xoom), B2B payments, crypto payouts/Hyperwallet, and PYUSD rewards (4% in the U.S.). Practical notes from Q&A: PYUSD app access is geo-limited (use exchanges or testnets); only Paxos mints PYUSD; consult docs for reserve details; faucet options include Google Cloud and Paxos (limits apply); don’t submit with a mock token—use real/test PYUSD to show contract-level integration. For submissions, select PayPal as a sponsor and document where/how PYUSD is used.

00:09 Intro, format & goals
01:43 Why crypto at PayPal; pain of legacy rails
03:47 150-year “innovation” timeline (wires→ACH→SWIFT)
05:48 Introducing PYUSD & “decentralized payments”
06:13 Stablecoin basics; PYUSD = 1:1 USD peg
06:44 Next-gen traits: fast, interoperable, inclusive, 24/7
07:15 PYUSD snapshot; where to access
07:39 Key features: reserves, regulation (NYDFS), multi-chain, programmable
08:42 Cost vs other rails; why PYUSD matters
09:13 Hackathon focus & bounties (open-ended, payments-first)
10:24 Resource QR: docs, guides, faucets
10:54 Other PayPal crypto products & use cases
12:27 PYUSD rewards (4%); closing remarks
15:04 Q&A: geo access & testnets
20:02 Q&A: reserves & issuance (Paxos)
20:54 Q&A: faucet limits & options
21:17 Q&A: using PYUSD among pool tokens; sponsor selection
22:39 Q&A: cross-chain payments interest
23:28 Q&A: submission flow (sponsor vs track)
25:15 Q&A: mock token not acceptable; show real/test integration

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