A federally chartered issuer
Paxos became Paxos Trust Company, N.A., a national trust bank supervised by the OCC, in December 2025. It applies the GENIUS Act reserve requirements to PYUSD.
PayPal USD on Solana
Build with PYUSD, a regulated dollar on Solana
PayPal USD (PYUSD) is issued by Paxos Trust Company, N.A. and backed 1:1 by US dollar deposits, US Treasuries, and cash equivalents. On Solana it is a Token-2022 mint, so your app holds and sends it with the same token tooling as any other SPL token.
Mainnet mint
2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo
- Program
- Token-2022
- Decimals
- 6
- Devnet mint
- CXk2AMBfi3TwaEL2468s6zP8xq9NxTXjp9gjMgzeUynM
PYUSD by the numbers
Issuer and reserves
Who stands behind each token
PayPal brands and distributes PYUSD. Paxos issues it, holds the reserves, and handles minting and redemption.
Monthly reserve reports
KPMG examines the reserves every month. Each report lists repurchase agreements, US Treasuries, and cash held against the tokens in circulation, chain by chain.
A path from PayPal to your app
PayPal users in the US can hold PYUSD and transfer it to external wallets on Solana, so a balance they already have can reach your app.
The mint
What the PYUSD mint does onchain
PYUSD uses Token Extensions. Some are active today. Others are initialized but switched off, and Paxos can turn them on later, so handle all of them before you go live.
Permanent delegate
ActiveThe issuer can transfer or burn PYUSD from any account, for example to comply with a legal order. The mint also has a freeze authority.
Metadata pointer
ActiveThe name, symbol, and logo are stored on the mint itself, so wallets read them without a separate metadata program.
Transfer fee
Initialized, offThe fee is set to 0 basis points. Send with transferChecked and read the fee config instead of assuming it stays at zero.
Transfer hook
Initialized, offNo hook program is set. If one is added, transfers need its extra accounts, so use a client that resolves them.
Confidential transfers
Initialized, offInitialized, and new accounts are not approved by default. Standard public transfers are unaffected.
Mint state read from mainnet on Oct 8, 2026. View on Solana Explorer
import { address } from "@solana/kit";
import { findAssociatedTokenPda } from "@solana-program/token";
import { TOKEN_2022_PROGRAM_ADDRESS } from "@solana-program/token-2022";
const PYUSD_MINT = address("2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo");
// PYUSD is a Token-2022 mint, so derive its accounts with that program.
const [pyusdAta] = await findAssociatedTokenPda({
mint: PYUSD_MINT,
owner: walletAddress,
tokenProgram: TOKEN_2022_PROGRAM_ADDRESS,
});Build
From devnet to a live payment flow
Each step links to a guide in the Solana payments docs or the Paxos developer docs.
01Test
Get devnet PYUSD
Request test tokens from the Paxos faucet and point your app at the devnet mint.
02Accept
Take payments
Build a checkout that confirms a PYUSD transfer to your wallet, with Solana Pay or Commerce Kit on the front end.
03Send
Pay out
Check that a recipient address can receive PYUSD before you send, and cover network fees for users who hold no SOL.
04Automate
Let agents pay
Charge per request in stablecoins with x402, an HTTP payment protocol for APIs and AI agents.
Reference
- Paxos PYUSD docsMint addresses, supported chains, and integration notes from the issuer.
- PYUSD contract sourcePaxos's PYUSD repository on GitHub.
- Production readiness checklistMint validation, monitoring, and launch checks for Solana apps.
- A technical deep dive into PYUSD on SolanaHow the mint's Token Extensions were configured at launch in May 2024.
- PayPal announces PYUSD on SolanaThe May 2024 launch announcement.
- PYUSD on Solana white paperPayPal's 2024 launch paper. It predates Paxos's national trust charter.
Related on Solana
Paxos issues and redeems PYUSD. The Solana Foundation does not issue PYUSD or hold its reserves. PayPal sets availability and rewards, which vary by region.