PayPal USD vs 
Ripple USD
Two payment giants issuing their own dollar. PYUSD comes from Paxos for PayPal and aims at consumer payments inside apps people already use; RLUSD is Ripple's, aimed at cross-border settlement and institutional flows on the XRP Ledger and Ethereum. Both are fully reserved and regulated; they differ in which payment problem they were built to serve.
12 months, both starting at 100 (AUD)
PYUSD → 94 · RLUSD → 94| Measure | PYUSD | RLUSD |
|---|---|---|
| Market cap | A$3.9B | A$3.4B |
| Rank | #39 | #43 |
| Price | A$1.42 | A$1.42 |
| 90-day change (AUD) | −1.9% | −2.0% |
| 12-month change (AUD) | −6.3% | −6.2% |
| From all-time high | −16.0% | −17.4% |
| Supply model | No fixed maximum | No fixed maximum |
| AU exchanges we verify it on | check on-platform | 1 |
About PayPal USD
PayPal USD is PayPal's own US-dollar stablecoin, issued by the regulated Paxos Trust and integrated into PayPal and Venmo — one of the clearest signs of mainstream payments companies entering crypto rails.
About Ripple USD
Ripple USD is Ripple's regulated US-dollar stablecoin, launched under a New York trust charter and aimed at payments and settlement flows alongside XRP on the XRP Ledger.
FAQ
Which is bigger, PayPal USD or Ripple USD?
By market value today: PayPal USD (A$3.9B vs A$3.4B). Size measures money invested, not quality — but it does measure liquidity, which affects how easily you can buy and sell.
Which performed better this year?
Over the past 12 months in AUD terms: PYUSD −6.3%, RLUSD −6.2% — the chart above shows the whole path, which matters more than the endpoints. Past performance is no indicator of future results, in either direction.
Can I buy both in Australia?
Availability differs — check the where-to-buy section on each coin's page. Compare costs first on the fee calculator, and remember every crypto-to-crypto swap between them is a CGT event.
Should I hold PYUSD or RLUSD?
That's a personal decision we don't make for you — this page exists to make the structural differences clear so the choice is yours. What we'd say to anyone: understand what job each coin is designed for, size positions like the risk is real, and check the honest failure statistics before going further down the market-cap list.
Data from our market records (powered by CoinGecko), refreshed with the daily rebuild. General information only, not financial advice — we compare structure and history, we don't pick winners.