MoonPay adds support for PayPal USD
Users can now buy PYUSD via MoonPay instantly with a card.
By Geoffrey Lyons
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We’re delighted to share that PayPal USD is now available to purchase for MoonPay customers.
Users can now buy PYUSD directly via MoonPay using all major payment methods, including debit and credit card, Apple Pay, Google Pay, PayPal, and bank transfer.
What is PYUSD?
PayPal USD (PYUSD) is a cryptocurrency pegged to the U.S. dollar and fully backed by dollar reserves. The stablecoin has seen immense growth since its August 2023 launch, recently surpassing $1 billion in market capitalization.
Issued by Paxos Trust Company and built on the Ethereum blockchain, PYUSD recently expanded availability to Solana in order to increase speed and lower costs. Its reasons for choosing Solana include cost-effectiveness, high throughput, near-instant settlement, and programmability–all of which are explained in more depth in the PYUSD on Solana White Paper.
Where to buy PYUSD
You can buy PYUSD now via MoonPay. Just use your credit card and enter the desired wallet address to purchase.
