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Current published record

PayPal USD

PYUSD · ethereum · Token

Shariah standard

The only standard that has reviewed this coin so far.

Fasset Shariah Reports v2026.07-pack.1 · Eligible
Eligible

The retained Fasset asset profile records the explicit verdict Shariah Compliant. HilalMarkets identity and use-specific coverage are reviewed separately and no missing source fact was inferred.

Standard usedFasset Shariah Reports v2026.07-pack.1
Decision made2026-07-24 16:50:23 UTC
Published2026-07-24 16:50:23 UTC
Evidence last checked2026-07-24 14:24:09 UTC
Evidence expires2026-07-25 07:26:50 UTC
Next source check2026-08-04 17:15:42 UTC
Back to the list Open the full report
What this result is

A screening result for this coin, under the one standard named above, on the date named above. It is not a universal religious ruling, and it is not approval of every way the coin can be used.

Why this result

The short reasons a reviewer recorded. The criterion-by-criterion detail is under Evidence.

  • Automatically published the exact compliant asset-level reference from Fasset published Shariah Reports; AI factual research remains separately labelled and does not determine the status.

What this covers

A result for the coin is not a result for everything you can do with it. Each use is decided on its own.

Asset-level Fasset reference Covered

Automated publication retains only the external asset-level reference and HilalMarkets spot monitoring scope. Other product uses remain separate and are not covered by this automation.

Scope: Only the exact asset-level external reference.

Based on: Reviewer-approved use decision

Checked 2026-07-24 16:50:23 UTC

Spot ownership and market monitoring Covered

Automated publication retains only the external asset-level reference and HilalMarkets spot monitoring scope. Other product uses remain separate and are not covered by this automation.

Scope: Spot monitoring only; no leverage or trade execution.

Based on: Reviewer-approved use decision

Checked 2026-07-24 16:50:23 UTC

Which coin exactly

Many coins share a ticker. A ticker on its own is never treated as proof of which coin was reviewed.

Official namePayPal USD
SymbolPYUSD
Networkethereum
TypeToken
Identity stateVerified
Identity checkedDate not kept
Contract addresses7
ethereum 0x6c3ea9036406852006290770bedfcaba0e23a0e8
polygon-pos 0x99af3eea856556646c98c8b9b2548fe815240750
ink 0x142cdc44890978b506e745bb3bd11607b7f7faef
x-layer 0x87b4a8176b3df6b71e26cc095edcaf4db07506b4
solana 2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo
arbitrum-one 0x46850ad61c2b7d64d08c9c754f45254596696984
stellar CCCRWH6Q3FNP3I2I57BDLM5AFAT7O6OF6GKQOC6SSJNDAVRZ57SPHGU2

Where it trades

Whether an exchange lists a coin is separate from whether it passed the review.

Bybit · PYUSD/USDT · spot Trading now

Evidence

What the reviewer decided on each rule, and the sources behind it. Reviewer decisions and AI-organised facts are kept apart.

Rule by rule

Canonical asset identity Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · 8b166e31-5eb1-4713-b68a-77f4c714c38b · c46129f7-3c6a-41c7-9276-9cf68172dd81

Published Fasset reference Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · 8b166e31-5eb1-4713-b68a-77f4c714c38b · c46129f7-3c6a-41c7-9276-9cf68172dd81

Evidence completeness and freshness Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · 8b166e31-5eb1-4713-b68a-77f4c714c38b · c46129f7-3c6a-41c7-9276-9cf68172dd81

Source scope and exact asset match Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · 8b166e31-5eb1-4713-b68a-77f4c714c38b · c46129f7-3c6a-41c7-9276-9cf68172dd81

HilalMarkets use-specific factual review Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · 8b166e31-5eb1-4713-b68a-77f4c714c38b · c46129f7-3c6a-41c7-9276-9cf68172dd81

Sources

A live link can change. The saved copy and its fingerprint cannot.

PayPal USD official documentation Available

Official-source factual information captured for the HilalMarkets profile; it is not unpublished authority reasoning.

Official project source · taken 2026-07-24 14:23:36 UTC

Open the source

Technical details
Saved copyc46129f7-3c6a-41c7-9276-9cf68172dd81
Fingerprint9d615580c23ffa01ca2b56a609bac93df0e369d2eb70099476cefb56879c927a
Reader versionscrapling-evidence-v1
AI readinggpt-5.4-nano:sharia-factual-dossier-v2
PayPal USD official website Available

Official-source factual information captured for the HilalMarkets profile; it is not unpublished authority reasoning.

Official project source · taken 2026-07-24 14:23:33 UTC

Open the source

Technical details
Saved copy8b166e31-5eb1-4713-b68a-77f4c714c38b
Fingerprinta5cc01716afb11bb869e593123a4ae90ad5c43691008e43538d46d17e50a8fbe
Reader versionscrapling-evidence-v1
AI readinggpt-5.4-nano:sharia-factual-dossier-v2
Fasset Shariah Report: PayPal USD Available

Explicit retained verdict: Shariah Compliant; source reference: profile:47.

Fasset · taken 2026-07-24 07:26:50 UTC

Open the source

Technical details
Saved copyf8cef110-0383-49c2-81df-761ce429a9e0
Fingerprint1ae694209e98aeb690e4b215a670d0c1993d975acf19a1dd83538a3ff7934028
Reader versionmethodology-import-pack:1.0.0
AI readinggpt-5.4-nano:sharia-factual-dossier-v2
Facts gathered about this coin Not a religious decision

These facts were organised by software from published sources. Software cannot approve, reject or set a Shariah status; only the reviewer above can.

Official websitehttps://www.paypal.com/us/digital-wallet/manage-money/crypto/pyusd
Official documentationhttps://developer.paypal.com/dev-center/pyusd/
Primary activityUSD-pegged stablecoin used for payments/transfers and programmable integration (Ethereum and Solana).
Token role and utilityA stablecoin intended to maintain a 1:1 value with USD and be transferable on/off PayPal and across supported networks.
Asset typetoken
Governance modelBacking/treasury information is described at a high level: backed by US dollar reserves including US dollar deposits, US treasuries, and cash equivalents; issued by Paxos Trust Company. No governance mechanics are provided in the supplied evidence.
TokenomicsStated as fully backed by US dollar reserves/cash equivalents and redeemable 1:1 for US dollars; reserve reporting/attestation is attributed to Paxos with monthly self-reports and independent third-party attestation reports (details referenced via a “PayPal USD Transparency” page).
Staking and rewardsNo native staking information provided in the supplied official-source evidence.
Lending borrowingNo third-party lending/yield product details provided in the supplied official-source evidence. (A PayPal “4% rewards” program is described, but it is not framed as a third-party lending/yield protocol in the evidence.)
Interest or yieldNo third-party lending/yield product details provided in the supplied official-source evidence. (A PayPal “4% rewards” program is described, but it is not framed as a third-party lending/yield protocol in the evidence.)
Derivatives and prediction productsNo derivatives information provided in the supplied official-source evidence.
Treasury and revenueBacking/treasury information is described at a high level: backed by US dollar reserves including US dollar deposits, US treasuries, and cash equivalents; issued by Paxos Trust Company. No governance mechanics are provided in the supplied evidence.
Backing redemption or collateralStated as fully backed by US dollar reserves/cash equivalents and redeemable 1:1 for US dollars; reserve reporting/attestation is attributed to Paxos with monthly self-reports and independent third-party attestation reports (details referenced via a “PayPal USD Transparency” page).
Plain language profileUSD-pegged stablecoin used for payments/transfers and programmable integration (Ethereum and Solana). A stablecoin intended to maintain a 1:1 value with USD and be transferable on/off PayPal and across supported networks.
ProvenanceHILALMARKETS_AI_ENRICHMENT_UNVERIFIED
Last evidence verification2026-07-24T14:24:09.305731+00:00
Evidence expires at2026-07-25T07:26:50.003280+00:00
Next governance review at2026-07-25T16:50:23.402034+00:00
NoticeHilalMarkets factual research is not Fasset's unpublished reasoning and is not an independent religious ruling.
Gaps in the evidence

PYUSD-specific reserve attestation and portfolio composition details (the evidence points to a transparency page, but the actual composition/attestation documents are not included). · Whether PYUSD holders receive rewards via a mechanism that constitutes native staking versus non-staking rewards (the supplied evidence describes a 4% rewards program but does not provide protocol-level mechanics). · No explicit information on native staking for PYUSD. · No explicit information on third-party lending/yield integrations using PYUSD. · No explicit information on derivatives usage/wrapping products for PYUSD. · No canonical-identity corroboration from on-chain or official technical specs beyond the existence of chain contract addresses in the provided package (the official-source evidence snapshots do not show the contract/address mapping). · No evidence containing Fasset’s underlying Shariah report content for PYUSD (only high-level row/status metadata is present, with fields withheld/pending review).

History

Older events stay visible after newer versions replace them.

The human decision

DecisionApproved
Who decidedExternal reference automation
When2026-07-24 16:50:23 UTC
Published2026-07-24 16:50:23 UTC

Automatically published the exact compliant asset-level reference from Fasset published Shariah Reports; AI factual research remains separately labelled and does not determine the status.

Everything that happened

  • Reviewer decision

    Automatically published the exact compliant asset-level reference from Fasset published Shariah Reports; AI factual research remains separately labelled and does not determine the status.

    2026-07-24 16:50:23 UTC · Amr · start → approved
  • Status changed

    Automatically published the exact compliant asset-level reference from Fasset published Shariah Reports; AI factual research remains separately labelled and does not determine the status.

    2026-07-24 16:50:23 UTC · External authority reference automation · start → eligible
  • Published

    The reviewed decision was published as an immutable Passport version.

    2026-07-24 16:50:23 UTC · Hilal Markets · start → published

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