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PYUSD Issued by Paxos
100.6%

$1.65B reserves for $1.77B market cap

  • Repos 78%
  • T-Bills 18%
  • Cash 4%

As of Sep 30, 2026 · Issuer reports · latest report · sources

01 · Backing chain

What PYUSD is backed by, and what it backs

Move the slider or press play to see the chain week by week since 2022.

Oct 31, 2026 Open in Explore

Backs: tokens that hold PYUSD

Backed by: the reserves behind PYUSD, through every level

Backing on Oct 31, 2026, the last recorded day of its week. Backing from reports counts until the next report, for at most 140 days. Between two reports the values are estimated, see the settings.

02 · Composition over time

What the reserves were made of

Share of each reserve asset, or its value in USD at the time. Shares also shift when the price of a reserve asset changes. Gaps are periods without records.

Tap for the mix at a date.

Latest, Sep 30, 2026

Click reserve assets above to show only those.

03 · Backing ratio

Reserves against market cap

Daily, since market data is recorded. The composition reaches further back.

04 · Reserves today

Every reserve asset

Reserve asset Value Share
Repos $1.29B 78.2%
T-Bills $298.57M 18.1%
Cash $60.08M 3.6%

05 · Held by

Tokens holding PYUSD directly

Token Held Share of the token's backing
Icon of USDS USDS $183.50M 3.1%
Icon of Dai Dai $130.31M 3.1%

06 · Sources

38 reports behind these numbers

Paxos's monthly attestation reports, for all chains together. PYUSD on Ethereum gets the Ethereum share of the reserves, by circulating supply.

Period File Source
Sep 2026 PYUSD-2026-09-Attestation-report.pdf Original
Aug 2026 PYUSD-2026-08-Attestation-report.pdf Original
Jul 2026 PYUSD-2026-07-Attestation-report.pdf Original
Jun 2026 PYUSD-2026-06-Attestation-report.pdf Original
May 2026 PYUSD-2026-05-Attestation-report.pdf Original
Apr 2026 PYUSD-2026-04-Attestation-report.pdf Original
Mar 2026 PYUSD-2026-03-Attestation-report.pdf Original
Feb 2026 PYUSD-2026-02-Attestation-report.pdf Original
Jan 2026 PYUSD-2026-01-Attestation-report.pdf Original
Dec 2025 PYUSD-2025-12-Attestation-report.pdf Original
Nov 2025 PYUSD-2025-11-Attestation-report.pdf Original
Oct 2025 PYUSD-2025-10-Attestation-report.pdf Original
Sep 2025 PYUSD-2025-09-Attestation-report.pdf Original
Aug 2025 PYUSD-2025-08-Attestation-report.pdf Original
Jul 2025 PYUSD-2025-07-Attestation-report.pdf Original
Jun 2025 PYUSD-2025-06-Attestation-report.pdf Original
May 2025 PYUSD-2025-05-Attestation-report.pdf Original
Apr 2025 PYUSD-2025-04-Attestation-report.pdf Original
Mar 2025 PYUSD-2025-03-Attestation-report.pdf Original
Feb 2025 PYUSD-2025-02-Attestation-report.pdf Original
Jan 2025 PYUSD-2025-01-Attestation-report.pdf Original
Dec 2024 PYUSD-2024-12-Attestation-report.pdf Original
Nov 2024 PYUSD-2024-11-Attestation-report.pdf Original
Oct 2024 PYUSD-2024-10-Attestation-report.pdf Original
Sep 2024 PYUSD-2024-09-Attestation-report.pdf Original
Aug 2024 PYUSD-2024-08-Attestation-report.pdf Original
Jul 2024 PYUSD-2024-07-Attestation-report.pdf Original
Jun 2024 PYUSD-2024-06-Attestation-report.pdf Original
May 2024 PYUSD-2024-05-Attestation-report.pdf Original
Apr 2024 PYUSD-2024-04-Attestation-report.pdf Original
Mar 2024 PYUSD-2024-03-Attestation-report.pdf Original
Feb 2024 PYUSD-2024-02-Attestation-report.pdf Original
Jan 2024 PYUSD-2024-01-Attestation-report.pdf Original
Dec 2023 PYUSD-2023-12-Attestation-report.pdf Original
Nov 2023 PYUSD-2023-11-Attestation-report.pdf Original
Oct 2023 PYUSD-2023-10-Attestation-report.pdf Original
Sep 2023 PYUSD-2023-09-Attestation-report.pdf Original
Aug 2023 PYUSD-2023-08-Attestation-report.pdf Original

The reports belong to their issuers and auditors. The hash lets anyone check that a copy is the report the numbers were taken from.

Recorded data · Methodology

Price
$1.00
Market cap
$1.77B
Supply
1.77B
Updated
Oct 31, 2026