ERC20 → ERC20

Swap USDE to PYUSD

Exchange USDE on Ethereum for PYUSD on Ethereum. Both assets reference USD, but they are separate tokens with different designs and liquidity. A quote can return more or less than one PYUSD per USDE.

Ethena USDe (ERC20) to PayPal USD (ERC20)

You send: Ethena USDe (ERC20)USDE · ERC20
You receive: PayPal USD (ERC20)PYUSD · ERC20

Quote checked on 2026-10-09 with 130.284825 USDE. Enter your amount to check current availability.

Address and network checks

Use the order’s Ethereum deposit address for USDE, and your own Ethereum receiving address for PYUSD. Keep the refund address on Ethereum; the payout address is not automatically a valid refund destination.

Sending USDE

Choose Ethereum mainnet in the wallet. Base, Arbitrum and OP Mainnet use separate balances even when the account address looks identical. USDe and staked sUSDe are different tokens. This entry accepts USDe on Ethereum; neither a staking receipt nor a dollar-denominated balance elsewhere replaces that token.

For a standard self-custody transfer on Ethereum, allow for network fees in ETH, separately from your USDE balance. Wallet sponsorship and exchange withdrawal charges can differ; check the sending wallet’s final fee.

Receiving PYUSD

Choose Ethereum mainnet in the wallet. Base, Arbitrum and OP Mainnet use separate balances even when the account address looks identical. Select the PYUSD network supported by your receiving wallet or service. A PayPal account identifier is not a blockchain receiving address for the provider’s on-chain payout. This listed PYUSD/ERC20 option has no separate memo field. If your destination requires additional instructions that this form cannot supply, choose another compatible destination before creating an order.

Refund address for this pair

Enter a refund address that accepts USDE on ERC20. The refund is sent in USDE on ERC20; verify that your refund wallet supports this exact asset and network.

Swap the other direction: PYUSD to USDE

CROSS-CHAIN EXCHANGE

Make your move

Wallet to wallet

Provider privacy rating

ⓘ

You sendERC20

Min. 5.211393 · Max. 1,628,560.01385955Ethena USDe (ERC20)

You receiveERC20

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Connecting to providers…PayPal USD (ERC20)

Recipient address PYUSD

Timing depends on the pair and provider ↗

INDEPENDENT EXCHANGE PROVIDERSConnecting…

SENDING ASSET

Ethena USDe on Ethereum

USDe is Ethena’s synthetic dollar, whose design uses collateral and hedging. It has a different mechanism from a conventional reserve-backed stablecoin.

Read the USDE network guide →

RECEIVING ASSET

PayPal USD on Ethereum

PYUSD is a dollar-referenced stablecoin issued by Paxos for PayPal. Tornado Swap lists separate Ethereum and Solana network options for this token.

Read the PYUSD network guide →

About this USDE / PYUSD route

Can I swap USDE on ERC20 to PYUSD on ERC20?

Both assets are listed in our coin directory. Enter your amount to request a live quote for this exact direction and network combination. A swap can proceed only when a provider returns a usable quote; liquidity, limits and rate types can change.

Which network fee applies when sending USDE?

What should I check before receiving PYUSD on Ethereum?

Select the PYUSD network supported by your receiving wallet or service. A PayPal account identifier is not a blockchain receiving address for the provider’s on-chain payout. This listed PYUSD/ERC20 option has no separate memo field. If your destination requires additional instructions that this form cannot supply, choose another compatible destination before creating an order.

How much PYUSD will I get for USDE?

Enter your USDE amount to see an approximate receive amount. Click Find the best route to compare providers. Floating rates can change before conversion; fixed quotes follow the selected provider’s terms.

Does a confirmed USDE deposit mean my PYUSD has arrived?

No. Deposit confirmation on Ethereum, provider processing and payout on Ethereum are separate steps. Use Track swap to see the order status, then check the PYUSD balance on the receiving network. A live quote or historical route check does not guarantee completion time.