# PayPal

> PayPal: Stablecoin issuer. Confidentiality status: Pilot.

Part of the Soda Labs Privacy Hub, a neutral directory of the on-chain privacy
landscape: https://www.sodalabs.xyz/privacy-hub

## Key facts

- Entry type: Token issuer or protocol
- Category: Stablecoin issuer
- Confidentiality status: Pilot
- Tags: stablecoin, PYUSD
- Canonical page: https://www.sodalabs.xyz/privacy-hub/tok-paypal

## Overview

PYUSD is the clearest example of privacy that exists on paper only. Solana's confidential transfer extension was initialized on the PYUSD mint at launch in 2024 and has never been switched on, so balances and amounts stay public. PayPal frames it as optionality pending regulatory clarity, which is exactly the gap a compliant confidentiality layer is meant to close.

## Sources

- [PayPal on token extensions](https://developer.paypal.com/community/blog/pyusd-solana-token-extensions/)

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