Can you verify PayPal USD (PYUSD) reserves yourself?
PYUSD's reserves sit off-chain, so you read a third-party attestation of them rather than the accounts themselves.
Issued by Paxos, backed by US dollar deposits, Treasuries, and cash equivalents, with monthly reserve attestation reports and a Paxos regulatory framework. Reserves are custodied and attested off-chain.
What you cannot verify yourself: That the US dollar deposits, Treasuries, and cash equivalents Paxos custodies for PayPal exist at the value in the monthly reserve attestation.
Issued by Paxos (for PayPal). "Attestor-required" describes the structure of the verification, not the quality of the issuer.
Run this on PYUSD yourself, or get a signed record of it.
The read below is free and live. Or get a machine-signed, point-in-time read of this exact address in about two minutes, that anyone you forward it to can verify in three lines without trusting you.
Signed on the page after you pay in USDC on Base: no email, no wait. It signs public on-chain bytes only (supply, decimals, and symbol at a block), not a solvency opinion and not a claim about who controls the address. Issuing a dollar of your own? The GENIUS-readiness kit is $999 setup then $99 a month. Not compliance and not an audit.
Live supply, and the command that reproduces it
What this read establishes: On-chain PYUSD supply on Ethereum mainnet, and the Paxos-issued token contract itself.
Reproduce the supply read yourself
cast call 0x6c3ea9036406852006290770bedfcaba0e23a0e8 "totalSupply()(uint256)" --rpc-url https://ethereum-rpc.publicnode.comcast call 0x6c3ea9036406852006290770bedfcaba0e23a0e8 "symbol()(string)" --rpc-url https://ethereum-rpc.publicnode.comPrefer curl? Show the raw JSON-RPC call
curl -s -X POST https://ethereum-rpc.publicnode.com -H 'content-type: application/json' --data '{"jsonrpc":"2.0","id":1,"method":"eth_call","params":[{"to":"0x6c3ea9036406852006290770bedfcaba0e23a0e8","data":"0x18160ddd"},"latest"]}'Live supply is read from the chain and cached hourly on this page; the command above is real-time. Always confirm you are reading the canonical contract address. A look-alike token can copy any name or symbol; only the address is identity.
Other fiat-backed tokens
Also: the reserve transparency scorecard, the Stablecoin Reserve Recomputation Report, every stablecoin we cover, or paste any address into the free tool.
Kerne is infrastructure and a service provider, not an auditor, a rating agency, a custodian, or an investment adviser. This page reads public on-chain data and names publicly disclosed transparency methods. It is not an audit, a solvency or credit opinion, a recommendation, or any form of investment, legal, tax, or accounting advice, and the appearance of PYUSD is not an endorsement. Reserve-transparency descriptions are sourced from Paxos (for PayPal)'s public disclosures and, where the token is listed there, the Kerne synthetic-dollar scorecard, cross-verified June 29 to July 3, 2026; verify at the canonical sites. Kerne is not affiliated with Paxos (for PayPal) or any attestor named here. Page reviewed 2026-07-03. Last updated July 3, 2026.