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. Do not trust the issuer, and do not trust us. This page reads PYUSD's live supply straight from the chain and shows you, honestly, where verification ends and trust begins.
Issued by Paxos (for PayPal). It is not an audit, a rating, or a solvency opinion, and PYUSD appearing here is not an endorsement. "Attestor-required" describes the structure of the verification, not the quality of the issuer.
The part you can always verify: live supply
Total supply is a contract function anyone can call. Below is PYUSD read live from the chain, with the exact command to reproduce it. This is the one number you never have to take on faith.
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.
The harder question: can you verify PYUSD's reserves?
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.
On-chain PYUSD supply on Ethereum mainnet, and the Paxos-issued token contract itself.
That the US dollar deposits, Treasuries, and cash equivalents Paxos custodies for PayPal exist at the value in the monthly reserve attestation.
The reserve backing sits off-chain, so you read a third-party attestation of it rather than the accounts themselves. To move PYUSD toward attestor-optional, an issuer would have to publish raw on-chain reserves plus a proof re-derivable from public inputs. That is a property of the architecture, not of effort, so it is a rebuild, not a new auditor.
See how PYUSD sits next to the rest of the field on the reserve transparency scorecard, or run this same read on any other token with Verify Any Stablecoin.
Common questions about PYUSD
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. On-chain PYUSD supply on Ethereum mainnet, and the Paxos-issued token contract itself. That the US dollar deposits, Treasuries, and cash equivalents Paxos custodies for PayPal exist at the value in the monthly reserve attestation. On-chain supply is something you can always read yourself; the reserves are where the trust boundary sits, and this page shows exactly where.
Who attests PYUSD's reserves?
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. The reserve figure runs through Paxos monthly attestation, which is a legitimate, common model. You read that attestation rather than the underlying accounts. This is a structural fact about the verification, not a judgment on the issuer.
Which PYUSD contract is canonical, and how do I confirm I have the right one?
PYUSD is a fiat-backed token issued by Paxos (for PayPal) at 0x6c3ea9036406852006290770bedfcaba0e23a0e8 on Ethereum. A look-alike token can copy any name or symbol, so only the address is identity: confirm you are reading the canonical contract above before trusting any supply or reserve figure.
Run this on PYUSD yourself, or get a signed record of it.
The check above is free and live. Paste PYUSD's address into the free tool to read it interactively, 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.
The $29 read is signed instantly 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.
Other fiat-backed tokens
Or browse every stablecoin we cover, each with its own live read and verdict, 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 1, 2026; verify at the canonical sites. Kerne is not affiliated with Paxos (for PayPal) or any attestor named here. Page reviewed 2026-07-01. Last updated July 1, 2026.