[{"data":1,"prerenderedAt":205},["ShallowReactive",2],{"sanity-C0RGN8TUJ7":3,"sanity-9Z2B3gI7j5":130},{"_id":4,"_type":5,"author":6,"body":14,"categories":103,"content":109,"description":110,"excerpt":109,"mainImage":111,"mainImageUrl":115,"openGraph":109,"posted":116,"publishedAt":117,"readTime":118,"seo":119,"slug":127,"title":126},"509d5fe5-0e29-4118-bb87-0b2e7a267f73","post",{"_id":7,"_type":8,"bio":9,"headshotUrl":10,"name":11,"orderingPriority":12,"position":13},"5Vy77jWjOqU6JInFGrn7XX","author","Web3 strategist, marketer and content creator with a background in journalism, external content strategy, and technological and financial innovation. Specializes in promoting native, trustless tools that empower individuals and businesses to transact, account, and grow onchain—without intermediaries.","https://cdn.sanity.io/images/9qakaoa7/production/4fa8c81a2237a8441452d12acb79fb83a95d89c4-360x360.jpg","Jennifer Lisle",0,"Head of Marketing & Communications",[15,27,35,43,51,59,67,75,83],{"_key":16,"_type":17,"children":18,"markDefs":25,"style":26},"782226209ef7","block",[19],{"_key":20,"_type":21,"marks":22,"text":24},"1fb7a21099ab","span",[23],"strong","What is PYUSD?",[],"normal",{"_key":28,"_type":17,"children":29,"markDefs":34,"style":26},"bc761779565e",[30],{"_key":31,"_type":21,"marks":32,"text":33},"5752b1748840",[],"PYUSD is a stablecoin pegged 1:1 to the U.S. dollar, issued in partnership with PayPal and backed by a mix of U.S. dollar deposits, short-term U.S. Treasuries, and similar cash-equivalent assets. Like other stablecoins, it's designed to combine the price stability of the dollar with the speed and transparency of blockchain-based transactions.",[],{"_key":36,"_type":17,"children":37,"markDefs":42,"style":26},"c99e3e011c8c",[38],{"_key":39,"_type":21,"marks":40,"text":41},"677679390250",[23],"Who actually issues PYUSD?",[],{"_key":44,"_type":17,"children":45,"markDefs":50,"style":26},"d6427361bd67",[46],{"_key":47,"_type":21,"marks":48,"text":49},"16bc080e371d",[],"PYUSD is issued by Paxos Trust Company, a regulated financial institution, under a New York Trust Charter. Paxos handles the minting and redemption of PYUSD, meaning new tokens are only created when backed 1:1 by reserve assets — a structure designed to maintain the stablecoin's peg and give holders confidence in its backing.",[],{"_key":52,"_type":17,"children":53,"markDefs":58,"style":26},"d2a35967d342",[54],{"_key":55,"_type":21,"marks":56,"text":57},"57e267a9e64f",[23],"How PYUSD is used in onchain finance",[],{"_key":60,"_type":17,"children":61,"markDefs":66,"style":26},"4bee7af417e7",[62],{"_key":63,"_type":21,"marks":64,"text":65},"d12212b68d4c",[],"Beyond peer-to-peer payments, PYUSD is increasingly used as a settlement currency in onchain finance applications — including invoice financing and liquidity pools, where its combination of stability and regulated backing makes it a practical choice for institutional-grade transactions. Bulla Network, for example, operates a PYUSD liquidity pool used to settle freight and trade finance invoices onchain, with minting supported directly through Paxos.",[],{"_key":68,"_type":17,"children":69,"markDefs":74,"style":26},"9707ff8c48f4",[70],{"_key":71,"_type":21,"marks":72,"text":73},"8e11f817c213",[23],"Why the issuer matters",[],{"_key":76,"_type":17,"children":77,"markDefs":82,"style":26},"8749a6b25b9a",[78],{"_key":79,"_type":21,"marks":80,"text":81},"ef3de38c1a38",[],"Not all stablecoins are backed or regulated the same way. Understanding who issues a stablecoin — and how it's backed — is a useful first step before using it for payments, invoicing, or as part of a yield strategy. PYUSD's structure, backed by Paxos and associated with PayPal, is one example of a stablecoin built with regulatory compliance and institutional use in mind.",[],{"_key":84,"_type":17,"children":85,"markDefs":99,"style":26},"ca7554e59f9a",[86,90,95],{"_key":87,"_type":21,"marks":88,"text":89},"a4fefb8aebd1",[],"To learn more about how Bulla Network uses PYUSD in its liquidity pools, visit our ",{"_key":91,"_type":21,"marks":92,"text":94},"cca2b3a0e31e",[93],"af93dade0199","Protocol page",{"_key":96,"_type":21,"marks":97,"text":98},"a822de621578",[],".",[100],{"_key":93,"_type":101,"href":102},"link","https://www.bulla.network/protocol",[104,105,106,107,108],"stablecoin-finance","invoice-factoring","defi","defi-lending","onchain-working-capital",null,"PYUSD explained — how PayPal's stablecoin works, who issues it, and how it's used in onchain finance and liquidity pools.",{"alt":112,"asset":113},"Bulla partners with PayPal to mint PYUSD for working capital liquidity for transportation finance",{"_id":114,"url":115},"image-b194de1dbf13b1e088e9aa9019c4163254e8eb60-898x520-png","https://cdn.sanity.io/images/9qakaoa7/production/b194de1dbf13b1e088e9aa9019c4163254e8eb60-898x520.png",true,"2026-08-18T19:16:00.000Z",2,{"description":110,"keywords":120,"title":126},[121,122,123,124,125],"what is PYUSD","PayPal stablecoin","Paxos stablecoin","onchain stablecoin settlement","PYUSD liquidity pool","What Is PYUSD? 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",{"description":136,"ogImage":137,"title":142},"Onchain trade finance and accounting for the digital asset economy.",{"_type":138,"asset":139},"image",{"_ref":140,"_type":141},"image-ca45eb69b19c511ca9397cd473660d185e555b61-1054x664-png","reference","Bulla Network","https://cdn.sanity.io/images/9qakaoa7/production/bd6f9f2f25b46b6639f2c8d6cd9ade4116c69bf6-3072x3072.png",[145,158],{"links":146,"title":157},[147,151,154],{"isExternal":148,"label":149,"url":150},false,"View pools","https://banker.bulla.network/#/yield",{"isExternal":148,"label":152,"url":153},"Banker App","https://banker.bulla.network/#/onboard",{"isExternal":148,"label":155,"url":156},"Use Cases","/use-case","Product",{"links":159,"title":169},[160,163,166],{"isExternal":148,"label":161,"url":162},"Protocol","/protocol",{"isExternal":116,"label":164,"url":165},"Whitepaper","https://docs.google.com/document/d/e/2PACX-1vTBE1_cgMMK8YhTjIBS_u15Fo-ljTKAHd7RI7smqmTJeVyHT2AEgySF67EFuI2yGtTE_fi1-G2e-q4-/pub",{"isExternal":148,"label":167,"url":168},"Blog","/blog","Resources","© 2024 Bulla Network. 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Creating credit where it's needed most.",[173,177,181],{"icon":174,"platform":175,"url":176},"https://cdn.sanity.io/images/9qakaoa7/production/528fac4324eec126dfa43f4bc7eadace414f9e05-23x24.svg","twitter","https://twitter.com/BullaNetwork",{"icon":178,"platform":179,"url":180},"https://cdn.sanity.io/images/9qakaoa7/production/c49209cd46130c342904dd8d4d4e7468403ce333-23x24.svg","linkedin","https://linkedin.com/company/bulla-network",{"icon":182,"platform":183,"url":184},"https://cdn.sanity.io/images/9qakaoa7/production/f3ded3778b0be01c037507ccd199337927c01886-24x24.svg","discord","https://discord.gg/bulla","/contact","Contact us",[188,189,190,191],{"icon":174,"platform":175,"url":176},{"icon":178,"platform":179,"url":180},{"icon":182,"platform":183,"url":184},{"icon":192,"platform":193,"url":194},"https://cdn.sanity.io/images/9qakaoa7/production/a927a38b8f5842ef15788e0f33ab64104637d64e-24x24.svg","github","https://bulla-network.gitbook.io/bulla-network","Bulla Logo","https://cdn.sanity.io/images/9qakaoa7/production/628776041f101fae0d8ececc3d6308fc04dd6aa1-93x28.svg",[198,201,202,203],{"isExternal":148,"label":199,"url":200},"About","/about",{"isExternal":148,"label":155,"url":156},{"isExternal":148,"label":167,"url":168},{"isExternal":148,"label":161,"url":162},"Bulla",1787761872393]