PayPal USD (PYUSD) is a stablecoin cryptocurrency pegged to the value of the US dollar and issued by PayPal. It is designed to provide a stable store of value for users looking to transact in digital assets while minimizing price volatility. PYUSD can be used for online purchases, peer-to-peer payments, and as a means of transferring funds internationally. As a centralized cryptocurrency, its value is backed by the reserves held by PayPal. Users can easily convert their traditional currency into PYUSD and vice versa through the PayPal platform.