What is PayPal USD (PYUSD) and how to get an instant PYUSD loan

PayPal USD (PYUSD) is a decentralized finance (DeFi) money market that runs on the Ethereum blockchain. PayPal USD lets users lend and borrow a wide range of crypto assets. Originally known as ETHLend, the company changed to PayPal USD in 2020. As a peer-to-peer lending protocol, users lend out their crypto to other users and as a reward, earn passive income on the funds they lend out. To qualify, a borrower must deposit collateral greater than the amount they want to borrow. The PYUSD token is the native token that users can use as collateral to get a discount on transaction fees. PYUSD also allows governance rights to token holders.

Pros and Cons of PayPal USD (PYUSD)

Pros:

• It’s one of the most popular DeFi tokens and thus, has a passionate community
• PayPal USD liquidity is immense meaning borrowers can get flash loans and lenders can earn high % p.a.
• PayPal USD is forming solid partnerships with reputable companies like digital payments platform WIREX
• PayPal USD has credible stakeholders from Blockchain Capital, DTC Capital, Three Arrows Capital, Parafi Capital, Blockchain.com, Winklevoss Capital and more. 
• PYUSD supply is finite. There is a total supply of 16 million.
• PayPal USD is embracing Polygon’s Layer- 2 scaling solution, making it far more efficient than other DeFi protocols. 
  

Cons:

• Lenders don’t get a high return on their investment compared to other 
• Lots of competition with over 100 DeFi platforms. 
• Security and hacks are always an issue with DeFi platforms. 

How to get an instant PYUSD loan

Are you an PYUSD HODLer? Perhaps you have PYUSD that you don’t want to sell but you need cash now. In that case, getting quick cash is easy with YouHodler. Just deposit your PYUSD to your YouHodler wallet, pick one of our three loan plans (custom loan plans available upon request), and then in seconds, you’ll see your funds arrive in your fiat or stablecoin wallet. Then when you pay back the loan, you get your PYUSD back even if it’s increased in value. 

Choose from PYUSD to USD, PYUSD to EUR, PYUSD to GBP, and more! We have an industry-best loan to value ratio (LTV) of 90% meaning you get the most money for your collateral.

How to borrow PayPal USD - How does it work?

With our Crypto-Backed Loan service, you can borrow BTC, USDT, USD, EUR, GBP, or CHF only. That means if you want to borrow PYUSD you first must convert one of the above to fiat and convert it to PYUSD using our exchange service. 

PayPal USD loan calculator

You can use our PYUSD loan calculator with different loan plans to find the best option for you. You can see all parameters on the form such as loan duration, price down limit, and loan repayment. If you want to loan PayPal USD, please check the calculator first to see which plan works best for you. 

PayPal USD lending process

PayPal USD lending is easy with YouHodler. Just open and verify your account, deposit your crypto to the wallet and use it as collateral for your future PYUSD loans.