PayPal USD, also referred to as PYUSD, is a digital stablecoin issued by the Paxos Trust Company, LLC, with a 1:1 value to the US dollar. This innovation caters to users who want to take use of the benefits of digital currencies while avoiding typical cryptocurrency volatility. To ensure that its value remains consistent with the US dollar, PYUSD is regulated and backed by tangible financial assets such as US dollar deposits, US Treasuries, and equivalent cash instruments, making it a secure and reliable medium of exchange in the digital currency space.
You can view, swap, send and receive PYUSD tokens directly from your MEW Wallet. To receive your PYUSD tokens you can send them to your public wallet address. You can then view them in your MEW Wallet by selecting your wallet and selecting the token from the tokens list. You should see the PYUSD token information page. You can send your PYUSD tokens in your MEW Wallet by clicking the ‘Send’ button and entering the recipient’s wallet address. To swap your PYUSD tokens, you can click the ‘Swap’ button and choose which tokens you want to swap to. However, if the ‘Swap’ button is not active you will need to use a DEX to swap your tokens.