PayPal Stablecoin PYUSD and Stablecoin APIs Listed on Tokenview
PayPal Stablecoin PYUSD and Stablecoin APIs Listed on Tokenview
PYUSD is online
On August 17, the stablecoin PYUSD was listed on Tokenview. PYUSD is a USD stablecoin launched by PayPal for transfer and payment, issued and managed by Paxos Trust Company. According to the announcement, the main purpose of the PayPal stablecoin is to make virtual payments smooth, especially in the blockchain ecosystem.
PYUSD is an ERC-20 token. This means it will be available to a growing developer community and will be supported by many Web3 applications in the future, especially those built on the Ethereum blockchain. As a multi-chain block explorer, Tokenview supports all crypto users and developers to explore the on-chain data of PYUSD token.
How to use Tokenview to query PYUSD?
Open https://stablecoin.tokenview.io/en/pyusd and enter the PYUSD token details page.
At the top of the page, you can see the basic on-chain information of PYUSD, including:
- 【Market Cap】：$26,757,377.237565
- 【Circulating Supply】: $26,905,005 PYUSD
- 【Circulating Supply】: $26,905,005 PYUSD
- 【Issuer】: paxos.com
In the middle of the page, you can view the mint list, burn list, issue list and redeem list of PYUSD to help users keep abreast of the dynamics on the PYUSD chain.
For example, click on the 【Mint List】tab, you can know all the mint information of PYUSD tokens. The first mint transaction of PYUSD occurred on November 8, 2022, with a total of 1,100,336.22 PYUSD.
At the bottom of the page is the PYUSD token 【Rich List】 and you can check its currency holding distribution address. The current holding number one address is 0x264b…7b5, with an amount of 24,999,823.09 PYUSD, accounting for 92.92%. The second place is Paxos:Treasury, with an amount of 1,904,996.15 PYUSD, accounting for 7.08%.
What is PYUSD
PayPal USD (PYUSD) is a stablecoin launched by PayPal. Built on Ethereum, the stablecoin is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents.
PayPal said that PYUSD will be able to support fast fund transfers for various purposes, such as remittances. Stablecoins can be bought and sold on PayPal’s app or official website.
PayPal’s decision to develop its own stablecoin is seen as a natural progression for the company. This is because the company has been gradually expanding its cryptocurrency offerings in recent years. The launch of PayPal USD is a major step forward.
What is Stablecoin APIs?
Tokenview StableCoins APIs is the data interface of minting, burning, issuing, redeeming, freezing and unfreezing of stablecoins USDT, USDC, HUSD, sUSD, TUSD, PAX, GUSD provided by Tokenview in different public chains Omni, Ethereum and Tron.
Tokenview Stablecoin PYUSD API is coming!