Stablecoin
PayPal, fintech, on Ethereum since August 2023.
Issued by Paxos Trust Company under NYDFS supervision. Ethereum holds roughly 68% of supply. Arbitrum was added on 2025-07-17 as PYUSD's first layer two; also on Solana and Stellar. No dated Arbitrum-specific figure was obtained. The cited release evidences the chain set; the supply split is from rwa.xyz.
In the record
36
months from first observation to the record's assessment of August 2026
13
fintech rows in the record, this one included
45
rows filed to Ethereum by their sources
What it bears on
R3Do we know what this instrument is, legally, in every venue we operate?
needs design
ETH is a digital commodity in the United States and stablecoin law is in force. Market-structure legislation stalled, and jurisdictions are diverging.
R6Who is the counterparty when there is no counterparty?
needs design
An ownerless system meeting procurement built for vendors. Six organisations can take your first call, and our own unincorporated status is part of this problem, not outside it.