Data questions
Is PYUSD fully backed by reserves?
As of , the latest PYUSD attestation (KPMG LLP, issued ) reports reserves of $2,893,935,877 against 2,886,948,845.00 PYUSD in circulation. ReserveBeat measured 1,830,339,765.32 PYUSD on-chain on ethereum at . That reading covers one chain at another time; none of these figures is a verdict.
The answer, from the board
STALE states age, not lateness: the newest report ReserveBeat holds for this token is older than the cadence expected for it, which can happen while the next report is not yet due.
| Measure | Figure | As of |
|---|---|---|
| Reserves reported | 2893935877.000000 | 2026-08-31 |
| As reported in Paxos Trust (PayPal USD)'s attestation dated 2026-08-31, prepared by KPMG LLP. | ||
| Liability reported (PYUSD) | 2886948845.000000 | 2026-08-31 |
| As reported in Paxos Trust (PayPal USD)'s attestation dated 2026-08-31, prepared by KPMG LLP. | ||
| Supply measured on ethereum | 1830339765.328544 | 2026-10-19T10:17:59Z |
The issuer named in the answer is the one the board records for PYUSD, and the firm is named only where the report names it in text. The supply row is ReserveBeat's own measurement on a single chain at the time shown, so it is not the token's full supply and is not compared with the reserves as a ratio.
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Cite this
Data: ReserveBeat — https://reservebeat.com/questions/is-pyusd-fully-backed — figure as reported in Paxos Trust (PayPal USD)'s attestation dated 2026-08-31.
Source reportData: ReserveBeat — https://reservebeat.com/questions/is-pyusd-fully-backed — supply measured on ethereum at 2026-10-19T10:17:59Z.
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