Paxos treats USDP, PYUSD and BUSD as USD on our platform. That means you can instantly get USD when you deposit stablecoins. You can then withdraw your funds as USD. At this time PYUSD may only be purchased from PayPal, Inc.
Note: Paxos will no longer mint new BUSD stablecoins as of February 21. BUSD redemptions (ERC-20 only) will remain fully supported by Paxos and will be redeemable to onboarded customers through early 2024. Paxos is not responsible for actions taken on another exchange.