The blockchain ecosystem continues to evolve with major financial players entering the space, and one of the latest developments is the integration of PayPal USD (PYUSD) on Tokenview, a leading multi-chain blockchain explorer. This move enhances transparency and accessibility for users tracking PYUSD transactions across the Ethereum network.
What Is PYUSD?
PayPal USD (PYUSD) is a dollar-backed stablecoin launched by global payment giant PayPal. Issued and managed by Paxos Trust Company, PYUSD operates as an ERC-20 token on the Ethereum blockchain, making it compatible with a wide range of decentralized applications (dApps), wallets, and DeFi platforms built on Ethereum.
Each PYUSD token is fully backed by U.S. dollars, short-term U.S. Treasury securities, and cash equivalents, ensuring a 1:1 peg to the U.S. dollar. The primary goal of PYUSD is to streamline digital payments within the blockchain ecosystem, enabling fast, secure, and low-cost cross-border transfers, remittances, and everyday transactions.
With PayPal's vast user base and established reputation in online payments, PYUSD represents a significant step toward mainstream adoption of cryptocurrencies. It reflects PayPal’s ongoing expansion into the crypto space—following earlier offerings such as Bitcoin trading and crypto checkout features.
👉 Discover how stablecoins like PYUSD are shaping the future of digital finance.
Tokenview Adds Full PYUSD Support
On August 17, Tokenview officially announced support for PYUSD, allowing users to monitor all on-chain activity related to the stablecoin in real time. As a multi-chain blockchain browser covering over 120 public chains—including Bitcoin, Ethereum, TRON, Layer 2 networks, Cosmos-based chains, and privacy-preserving protocols—Tokenview provides comprehensive data analytics for developers, investors, and crypto enthusiasts.
By integrating PYUSD, Tokenview enables seamless access to critical metrics such as:
- Real-time transaction tracking
- Token supply dynamics (issuance, minting, burning)
- Holder distribution (whale tracking)
- Smart contract interactions
This level of transparency is essential for maintaining trust in a rapidly growing stablecoin market.
How to Track PYUSD on Tokenview
To explore PYUSD’s on-chain data, visit:
👉 Access real-time PYUSD analytics and stay ahead of market movements.
Once there, you’ll land on the PYUSD token details page, where the following key information is displayed at the top:
- Market Cap: $26,757,377.24
- Circulating Supply: 26,905,005 PYUSD
- Issuance Chain: Ethereum (ETH)
- Issuer: paxos.com
Below this overview, users can navigate through several tabs to dive deeper into PYUSD’s blockchain activity.
Minting & Redemption History
Under the Minting List tab, you can view every instance when new PYUSD tokens were created. Notable minting events include:
- November 8, 2022: First-ever mint of 1,100,336.22 PYUSD
- February 1, 2023: 26,400,719.69 PYUSD minted
- August 3, 2023: Additional 24,904,995.66 PYUSD issued
These records help analysts understand supply growth trends and institutional activity patterns.
The Redemption (Burn) List shows when PYUSD tokens were removed from circulation—typically when users exchange them back for fiat currency through PayPal or authorized partners.
Holder Distribution: Who Owns PYUSD?
One of the most insightful sections is the Top Holders (Whale List). This reveals how concentrated or distributed the token ownership is.
As of the latest data:
- Address
0x264b...7b5: Holds 24,999,823.09 PYUSD (≈92.92% of total supply) - Paxos Treasury Address: Holds 1,904,996.15 PYUSD (≈7.08%)
Such high concentration suggests that most tokens are still held in reserve or institutional wallets, indicating early-stage circulation. Over time, broader distribution may occur as more users adopt PYUSD for payments or DeFi use cases.
Why Does PYUSD Matter?
PYUSD stands out in the crowded stablecoin landscape due to its backing by a trusted financial institution—PayPal, which serves over 400 million active accounts worldwide. Unlike algorithmic or partially backed stablecoins, PYUSD offers strong regulatory compliance and transparency.
Its ERC-20 standard ensures interoperability across Ethereum-based dApps, including:
- Decentralized exchanges (DEXs) like Uniswap
- Lending protocols such as Aave and Compound
- Cross-chain bridges and payment gateways
Moreover, PayPal has hinted at future integrations beyond Ethereum, potentially expanding PYUSD to other Layer 1 and Layer 2 blockchains.
Security Alert: Beware of Fake PYUSD Tokens
With the launch of any high-profile asset comes the risk of scams. Shortly after PYUSD’s debut, malicious actors began deploying counterfeit PYUSD tokens on networks like Ethereum, BNB Chain, and Base.
These fake versions mimic the official token name and symbol but are hosted on fraudulent smart contracts. Unsuspecting users who interact with them risk losing their funds.
How to Verify Authentic PYUSD:
- ✅ Official Contract Address (Ethereum):
0x5a6439e5e643e4be5e87d7f5b897cf8da3bf58da - ✅ Verified Issuer: Paxos Trust Company
- ✅ Token Standard: ERC-20
- ✅ Check via trusted explorers like Tokenview or Etherscan
Always double-check contract addresses before sending funds or approving transactions.
About Tokenview
Tokenview positions itself as a next-generation blockchain data platform designed for accuracy, speed, and scalability. With self-hosted node clusters across more than 120 blockchains—including BTC-family chains, ETH-layered ecosystems, TRON, Cosmos zones, zk-SNARKs chains, and privacy-focused networks—it delivers reliable and real-time insights.
Key features include:
- High-precision transaction and smart contract data
- Structured JSON APIs for developers
- Multi-layer verification for data integrity
- Support for DeFi, NFTs, staking analytics, and cross-chain tracking
Whether you're auditing a wallet, analyzing market trends, or building a dApp, Tokenview offers powerful tools for navigating the decentralized web.
Frequently Asked Questions (FAQ)
Q1: What is PYUSD?
PYUSD (PayPal USD) is a U.S. dollar-pegged stablecoin issued by Paxos Trust Company and backed by PayPal. It runs on the Ethereum blockchain as an ERC-20 token and is designed for fast digital payments and transfers.
Q2: Is PYUSD safe to use?
Yes, when obtained through official channels like PayPal or verified exchanges. However, always verify the smart contract address to avoid phishing scams involving fake tokens.
Q3: Where can I check PYUSD transactions?
You can track all PYUSD transactions using blockchain explorers like Tokenview or Etherscan. Visit stablecoin.tokenview.io/cn/pyusd for detailed analytics.
Q4: Can I use PYUSD in DeFi apps?
Yes. As an ERC-20 token on Ethereum, PYUSD can be used in compatible decentralized finance platforms for trading, lending, borrowing, or yield farming—once widely integrated.
Q5: Why is holder concentration so high for PYUSD?
Most PYUSD tokens are currently held in reserve by Paxos or affiliated addresses. This is typical during early rollout phases before broader public distribution begins.
Q6: How does Tokenview ensure data accuracy?
Tokenview uses a proprietary network of self-run blockchain nodes across multiple chains. Data undergoes multi-tier validation processes to ensure reliability and prevent discrepancies.
By supporting PYUSD, Tokenview reinforces its role as a vital infrastructure tool in the Web3 ecosystem—offering clarity in an increasingly complex digital asset landscape. As traditional finance converges with decentralized technologies, tools like Tokenview will remain essential for transparency and trust.