Pay USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents. Pay USD is redeemable 1:1 for U.S. dollars and is issued by Paxos Trust Company. Pay USD is an Omnichain Fungible Token compatible with LayerZero and convertible to PayPal USD via LayerZero-enabled Omnichain Apps like Stargate.
