# PYUSD stablecoin data

PYUSD on-chain data: 30-day mint, burn and net issuance, issuer freeze and seize acts, and contract freeze functions on Arbitrum, Ethereum and Solana.

Canonical: https://achivx.org/stablecoins/pyusd/
Updated: 2026-11-01
As of: 2026-10-31

Data card for PYUSD: on-chain issuance in the 30 days to 31 October 2026, issuer freeze and seize acts, and the freeze function of each contract, measured by the Stablecoin Scanner (ACHIVX).

## Issuer and rules

What issuer documents and public registers say about PYUSD, each row with its source. Register rows give the register's own date or the date we checked it.

| Fact | Value | Source |
|---|---|---|
| Issuer | Paxos. Legal entity: Paxos Trust Company, N.A. Quote: "Issued by Paxos Trust Company N.A., PayPal USD (PYUSD) is PayPal’s stablecoin designed for payments." | [paxos.com](https://www.paxos.com/pyusd-transparency) |
| Type | Category: fiat-backed. Paxos’s terms say its USD stablecoins are fully backed by an equivalent amount of U.S. Dollar-denominated assets held with regulated financial institutions in segregated accounts. | [paxos.com](https://www.paxos.com/terms-and-conditions/stablecoin-terms-conditions) |
| Redemption | Only Paxos customers may buy PYUSD from Paxos or redeem it with Paxos. Paxos says it does not charge fees for redeeming its USD stablecoins. | [paxos.com](https://www.paxos.com/terms-and-conditions/stablecoin-terms-conditions) |
| Reserves | As of 30 September 2026. Attester: KPMG LLP (examination). Paxos’s PYUSD redemption-assets report examined by KPMG LLP: total redemption assets $2,754,709,360 at the 30 September 2026 report date. | [framerusercontent.com](https://framerusercontent.com/assets/UZ8Eke3FvB5npXyceLEmiLRV6k.pdf) |
| Freeze | The issuer can freeze addresses. Quote: "As part of the Services, Paxos has the ability and the right to freeze and upgrade all USD Stablecoins tokens (on an aggregate basis), regardless of where the USD Stablecoins are being held." | [paxos.com](https://www.paxos.com/terms-and-conditions/stablecoin-terms-conditions) |
| Regulation: United States (federal) | Paxos says Paxos Trust issues USD stablecoins pursuant to specific approval from the OCC. | [paxos.com](https://www.paxos.com/terms-and-conditions/stablecoin-terms-conditions) |
| Regulation: United States (federal) | Paxos says that on December 12, 2025 Paxos Trust Company converted from a New York limited purpose trust company to a national bank limited to the operations of a trust company. | [framerusercontent.com](https://framerusercontent.com/assets/UZ8Eke3FvB5npXyceLEmiLRV6k.pdf) |
| Regulation: United Arab Emirates (ADGM) | Listed in the ADGM FSRA Consolidated List of Accepted Fiat-Referenced Tokens as of September 1, 2026 (list date), checked 2026-11-01. Accepted networks on the list: Ethereum. List note: "Inclusion of an FRT on this list does not imply acceptance of that FRT for use when serving clients in jurisdictions outside ADGM." | [assets.adgm.com](https://assets.adgm.com/download/assets/AFRT+List+Feb+2026.pdf/c1b34426b88e11f0912ade26907f67ec) |
| Regulation: European Union | Not found in the ESMA interim MiCA register of e-money token issuers (checked 2026-11-01; searched for "PYUSD", "PayPal"). The register lists Paxos Issuance Europe Oy for other white papers (EUROe, eUSD, USDG and a generic Paxos white paper); none names PYUSD. | [esma.europa.eu](https://www.esma.europa.eu/sites/default/files/2024-12/EMTWP.csv) |
| Regulation: Hong Kong | Not found in the HKMA register of licensed stablecoin issuers (checked 2026-11-01; the register lists 2 licensees; searched for "PYUSD", "Paxos"). | [hkma.gov.hk](https://www.hkma.gov.hk/eng/regulatory-resources/registers/register-of-licensed-stablecoin-issuers/) |
| Regulation: Japan | Not found among the electronic payment instruments handled by the registered providers in the FSA register as of 27 August 2026 (checked 2026-11-01; searched for "PYUSD", "Paxos"). | [fsa.go.jp](https://www.fsa.go.jp/menkyo/menkyoj/denshikessaisyudan.pdf) |

Checked against the sources on 1 November 2026. Not legal advice.

- revain.org: [revain.org/coins/pyusd](https://revain.org/coins/pyusd/)
- Glossary: [Fiat-backed stablecoin](/glossary/fiat-backed-stablecoin/), [Issuer](/glossary/issuer/), [Redemption](/glossary/redemption/), [Reserve / reserve assets](/glossary/reserve-assets/), [Reserve attestation](/glossary/reserve-attestation/), [Freeze (address freeze)](/glossary/freeze/), [Seizure](/glossary/seizure/), [Mint](/glossary/mint/), [Burn](/glossary/burn/), [Net issuance](/glossary/net-issuance/)

## Issuance, 30 days

| Network | Minted | Burned | Net issuance | Window | Scanner build | Source |
|---|---|---|---|---|---|---|
| All covered networks | US$1.29 bn | US$1.28 bn | US$9.34 m | 30 days to 31 October 2026 | 1 November 2026 | [stablescan.achivx.com/pyusd-explorer](https://stablescan.achivx.com/pyusd-explorer) |
| Ethereum | US$1.19 bn | US$1.10 bn | US$92.5 m | 30 days to 31 October 2026 | 1 November 2026 | [stablescan.achivx.com/ethereum/stablecoin/pyusd](https://stablescan.achivx.com/ethereum/stablecoin/pyusd) |
| Arbitrum | US$106 m | US$189 m | -US$83.2 m | 30 days to 31 October 2026 | 1 November 2026 | [stablescan.achivx.com/arbitrum/stablecoin/pyusd](https://stablescan.achivx.com/arbitrum/stablecoin/pyusd) |

The scanner gives no issuance figure for PYUSD on Solana.

Mints and burns the scanner decodes on the networks it covers, not the issuer's total issuance.

## Issuer acts

Acts the issuer carried out on Ethereum and Arbitrum, the networks where the scanner indexes PYUSD issuer acts.

| Measure | Value | Window | Scanner build | Source |
|---|---|---|---|---|
| Freeze acts | 4 | 30 days (2 October 2026 – 31 October 2026) | ledger read on 1 November 2026 | [stablescan.achivx.com/pyusd-explorer](https://stablescan.achivx.com/pyusd-explorer) |
| Unfreeze acts | 0 | 30 days (2 October 2026 – 31 October 2026) | ledger read on 1 November 2026 | [stablescan.achivx.com/pyusd-explorer](https://stablescan.achivx.com/pyusd-explorer) |
| Seize acts | 0 | 30 days (2 October 2026 – 31 October 2026) | ledger read on 1 November 2026 | [stablescan.achivx.com/pyusd-explorer](https://stablescan.achivx.com/pyusd-explorer) |
| Seized | US$0 | 30 days (2 October 2026 – 31 October 2026) | ledger read on 1 November 2026 | [stablescan.achivx.com/pyusd-explorer](https://stablescan.achivx.com/pyusd-explorer) |
| Addresses acted on | 3 | 30 days (2 October 2026 – 31 October 2026) | ledger read on 1 November 2026 | [stablescan.achivx.com/pyusd-explorer](https://stablescan.achivx.com/pyusd-explorer) |

Latest act in the ledger: 30 October 2026.

| Date | Network | Act | Scanner page |
|---|---|---|---|
| 30 October 2026 | Ethereum | freeze | [stablescan.achivx.com/ethereum/freeze/0x39d29e27781d511e96b1eea2f3a9b1922b1d8a914ae827fec149aff9fbe2de8d](https://stablescan.achivx.com/ethereum/freeze/0x39d29e27781d511e96b1eea2f3a9b1922b1d8a914ae827fec149aff9fbe2de8d) |
| 29 October 2026 | Ethereum | freeze | [stablescan.achivx.com/ethereum/freeze/0x51a9a3a6de8f9e67d71a42a0a4eaec189fc6aad264aadc81167c3b2b8f300d5f](https://stablescan.achivx.com/ethereum/freeze/0x51a9a3a6de8f9e67d71a42a0a4eaec189fc6aad264aadc81167c3b2b8f300d5f) |
| 5 October 2026 | Ethereum | freeze | [stablescan.achivx.com/ethereum/freeze/0x2a2174e4f0f142905b5c4d96c1e68fafd9c0186fa910bf8444a49723281cc805](https://stablescan.achivx.com/ethereum/freeze/0x2a2174e4f0f142905b5c4d96c1e68fafd9c0186fa910bf8444a49723281cc805) |
| 5 October 2026 | Arbitrum | freeze | [stablescan.achivx.com/arbitrum/freeze/0xfc68ed31d2e5291d343c9e2875b620321edf5a586a66f1d7f6e3c074163a6c8a](https://stablescan.achivx.com/arbitrum/freeze/0xfc68ed31d2e5291d343c9e2875b620321edf5a586a66f1d7f6e3c074163a6c8a) |
| 14 September 2026 | Ethereum | seize | [stablescan.achivx.com/ethereum/freeze/0x6aceae7a0fedb59bb9e6c9283f72ca696112e399ca10270fc587f970ad1f94ca](https://stablescan.achivx.com/ethereum/freeze/0x6aceae7a0fedb59bb9e6c9283f72ca696112e399ca10270fc587f970ad1f94ca) |

The scanner notes that every act is something the issuer did; it says nothing about who the address belongs to or why.

## Freeze function in the contract

What the PYUSD contract on each network lets the issuer do, from the scanner's token registry (read at build time, no build date).

| Network | Contract | Deployment | Freeze function | Source |
|---|---|---|---|---|
| Arbitrum | `0x46850ad61c2b7d64d08c9c754f45254596696984` | native | freeze and seize | [stablescan.achivx.com/arbitrum/stablecoin/pyusd](https://stablescan.achivx.com/arbitrum/stablecoin/pyusd) |
| Ethereum | `0x6c3ea9036406852006290770bedfcaba0e23a0e8` | native | freeze and seize | [stablescan.achivx.com/ethereum/stablecoin/pyusd](https://stablescan.achivx.com/ethereum/stablecoin/pyusd) |
| Solana | `2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo` | native | freeze and seize | [stablescan.achivx.com/solana/stablecoin/pyusd](https://stablescan.achivx.com/solana/stablecoin/pyusd) |

## Settlement volume

The scanner publishes no organic settlement figure for PYUSD alone; its per-coin volume is raw, and this site does not print raw volume. Organic figures exist only for all stablecoins on a network together: see [organic settlement by network](/data/organic-settlement/).

## Links

- Stablecoin Scanner (ACHIVX): [stablescan.achivx.com/pyusd-explorer](https://stablescan.achivx.com/pyusd-explorer)
- ACHIVX Academy issuer page: [achivx.com/academy/issuers/paxos.html](https://achivx.com/academy/issuers/paxos.html)

## How these figures are made

- **Organic, not raw.** Settlement figures are the scanner's organic figures, with round trips and bot churn removed. Raw settlement volume is not printed, and no field the scanner marks as overflowed is used.
- **Coverage: 7 networks** (Arbitrum, BNB Chain, Base, Ethereum, Optimism, Solana, Tron). Networks, coins and wallets the scanner does not cover have no figures here.
- **Read at build time.** Figures are read from the [Stablecoin Scanner (ACHIVX)](https://stablescan.achivx.com/) when this site is built, not live in your browser. Each row gives its window, the scanner's build date and the scanner page it comes from.
- **Not a reserve or solvency claim.** Exchange and bridge balances are on-chain reads of the wallets the scanner can attribute: a floor of their on-chain stablecoins, not their reserves or liabilities.
- Scanner methodology version: `stablscan-methodology-v0.6.0`.

## revain.org
- https://revain.org/coins/pyusd/

## Sources
- https://achivx.com/academy/issuers/paxos.html
- https://assets.adgm.com/download/assets/AFRT+List+Feb+2026.pdf/c1b34426b88e11f0912ade26907f67ec
- https://framerusercontent.com/assets/UZ8Eke3FvB5npXyceLEmiLRV6k.pdf
- https://stablescan.achivx.com/arbitrum/freezes
- https://stablescan.achivx.com/arbitrum/stablecoin/pyusd
- https://stablescan.achivx.com/ethereum/freezes
- https://stablescan.achivx.com/ethereum/stablecoin/pyusd
- https://stablescan.achivx.com/pyusd-explorer
- https://stablescan.achivx.com/solana/stablecoin/pyusd
- https://www.esma.europa.eu/sites/default/files/2024-12/EMTWP.csv
- https://www.fsa.go.jp/menkyo/menkyoj/denshikessaisyudan.pdf
- https://www.hkma.gov.hk/eng/regulatory-resources/registers/register-of-licensed-stablecoin-issuers/
- https://www.paxos.com/pyusd-transparency
- https://www.paxos.com/terms-and-conditions/stablecoin-terms-conditions