How is PayPal USD technically distinct from USDC or USDT?

[cryptobro]

PYUSD is an ERC-20 stablecoin issued by Paxos, offering full on-chain transparency with monthly attestations. Unlike most stablecoins, PYUSD has native integration into PayPal and Venmo, enabling direct conversion to/from fiat and instant transfers between app balances and Ethereum wallets. Its compliance framework resembles a regulated trust model, not a money transmitter model.

[Nahid Hossen]

Regulation, backing structure, and issuer policies make it quite different.

[Abdul Khan]

PYUSD may look similar, but its compliance model sets it apart.