PayPal USD 历史价格与收益解析：我现在应该购买 PayPal USD 吗？

Summary

This article provides a comprehensive review of the historical prices and market fluctuations of PayPal USD (PYUSD) since its inception. Combining data from various market phases, it evaluates the potential returns for investors purchasing 10 PayPal USD tokens and answers the key question, “Should I buy PayPal USD now?” to help both beginners and long-term investors grasp timing and growth opportunities.

Early Market Cycle: Historical Price Review (2023 to 2024)

PayPal USD was launched jointly by PayPal and Paxos Trust Company, aiming to provide payment opportunities for stablecoins. According to records, its early trading price was approximately $1.05, fully backed by USD deposits, short-term US Treasury bills, and similar cash equivalents, with a 1:1 redemption ratio into USD.

Below are the price changes of PayPal USD during the initial market phase:

2023

• Opening Price: $1.05
• Closing Price: $1.00
• Highest Price: $1.05
• Lowest Price: $0.9934
• Annual Return: -4.67%

2024

• Opening Price: $0.9953
• Closing Price: $0.9991
• Highest Price: $1.00
• Lowest Price: $0.9915
• Annual Return: 0.38%

An investor who purchased 10 PayPal USD tokens in 2023 and sells today would realize a potential loss of -$0.489.

Recent Market Cycle: Should I Buy PayPal USD Now? (2025 to 2026 so far)

In recent years, the price of PayPal USD has remained relatively stable, reflecting the core design features of stablecoins. Market data shows minimal volatility, indicating its intended use as a payment tool and store of value.

2025

• Opening Price: $0.9992
• Closing Price: $0.9995
• Highest Price: $1.00
• Lowest Price: $0.9978
• Annual Return: 0.03%

2026

• Opening Price: $1.00
• Closing Price: $1.00
• Highest Price: $1.00
• Lowest Price: $0.9994
• Annual Return: -0.14%

Potential returns for an investor purchasing 10 PayPal USD tokens during this period are:

• 2025: $0.009
• 2026 so far: -$0.014

Conclusion: Stablecoin Characteristics and Investment Timing Analysis

By analyzing the historical prices and potential returns of PayPal USD, we observe its core feature as a stablecoin—price stability. Unlike more volatile cryptocurrencies, the investment value of PayPal USD primarily lies in its utility as a payment tool and a stable store of value, rather than price appreciation. Therefore, buying PayPal USD should be based on the need for payment convenience and USD stability, rather than traditional growth expectations.