Tether vs Paypal Usd: Key Differences (USDT vs PYUSD)
Complete side-by-side comparison of Tether and Paypal Usd. Price, market cap, technology, and more.
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What is Tether?
Null (USDT) is a digital token with no specified consensus mechanism, use case, launch year, or founder information. It serves as a placeholder in the crypto space without defined attributes or applications.
What is Paypal Usd?
PayPal USD is PayPal's fully-backed stablecoin issued by Paxos Trust. It brought crypto legitimacy to 430+ million PayPal users. Available on Ethereum and Solana, it bridges traditional fintech with DeFi. When PayPal puts its brand behind a stablecoin, regulators and institutions pay attention.
Price Evolution
Percentage change from start of period
USDT+0.10%PYUSD+0.00%Detailed Comparison
| Metric | USDT | PYUSD |
|---|---|---|
| USDT PYUSD | ||
| Price & Market | ||
| Price | $1 | $1 |
Price $1 $1 | ||
| Market Cap | $183.19B | $2.80B |
Market Cap $183.19B $2.80B | ||
| 24h Volume | $86.96B | $139.53M |
24h Volume $86.96B $139.53M | ||
| Volume/Cap Ratio | 47.47% | 4.98% |
Volume/Cap Ratio 47.47% 4.98% | ||
| Market Dominance | 0.07052088% | 0.00107915% |
Market Dominance 0.07052088% 0.00107915% | ||
| All-Time High | $1.32 | $1.021 |
All-Time High $1.32 $1.021 | ||
| ATH Date | Jul 23, 2018 | Oct 23, 2023 |
ATH Date Jul 23, 2018 Oct 23, 2023 | ||
| Performance | ||
| 24h Change | 0.01% | 0.01% |
24h Change 0.01% 0.01% | ||
| 7d Change | 0.10% | 0% |
7d Change 0.10% 0% | ||
| 30d Change | 0.10% | 0% |
30d Change 0.10% 0% | ||
| Supply | ||
| Circulating Supply | 183.23B | 2.80B |
Circulating Supply 183.23B 2.80B | ||
| Total Supply | 188.70B | 2.80B |
Total Supply 188.70B 2.80B | ||
| Max Supply | Unlimited | Unlimited |
Max Supply Unlimited Unlimited | ||
| Technology | ||
| Consensus | N/A | ERC-20 / Solana |
Consensus N/A ERC-20 / Solana | ||
| Block Time | N/A | N/A (Stablecoin) |
Block Time N/A N/A (Stablecoin) | ||
| TPS (Transactions/sec) | N/A | N/A |
TPS (Transactions/sec) N/A N/A | ||
| Launch Year | N/A | 2023 |
Launch Year N/A 2023 | ||
| Transaction Fees | ||
| Average Fee | $0.50-$20 | $0.50-$20 |
Average Fee $0.50-$20 $0.50-$20 | ||
| Fee Model | Ethereum gas fees (ERC-20) | Ethereum gas fees (ERC-20) |
Fee Model Ethereum gas fees (ERC-20) Ethereum gas fees (ERC-20) | ||
| General | ||
| Primary Use Case | N/A | Stablecoin, Payments |
Primary Use Case N/A Stablecoin, Payments | ||
| Founder | N/A | PayPal |
Founder N/A PayPal | ||
| Website | N/A | www.paypal.com/pyusd |
Website | ||
| Volatility & Risk | ||
| Drawdown from ATH | 24.3% | 2.1% |
Drawdown from ATH 24.3% 2.1% | ||
Why Tether?- ✓Stablecoin value reduces volatility risk for traders.
- ✓Widely accepted across many crypto exchanges.
- ✓Provides easy liquidity for converting crypto assets.
Why Paypal Usd?- ✓Backed by PayPal - 430M+ user base for distribution
- ✓Backed by PayPal - 430M+ user base for distribution
- ✓Fully regulated stablecoin issued by Paxos Trust
- ✓Fully regulated stablecoin issued by Paxos Trust
- ✓Available on Ethereum and Solana
- ✓Available on Ethereum and Solana
Tether Risks
- ✗Lacks transparency due to limited public information.
- ✗No clear consensus mechanism or governance details.
- ✗Undefined use case and founding details increase risk.
Paypal Usd Risks
- ✗Late entrant competing against USDT and USDC dominance
- ✗Late entrant competing against USDT and USDC dominance
- ✗Limited DeFi integration compared to established stablecoins
- ✗Limited DeFi integration compared to established stablecoins
The Verdict
Both Tether and Paypal Usd serve important roles in the crypto ecosystem. Many investors choose to hold both as part of a diversified crypto portfolio.
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