What is PYPLc?
PYPLc is a Coinbase B20 tokenized stock, a tokenized share of PayPal (PYPL), issued as an ERC-20 token on Base. Tokens are already on Base. Coinbase has not published a NAV, so Mo treats the live quote as coming soon. It settles into your own Mo smart wallet rather than a brokerage account, and Coinbase makes it available to eligible non-US persons only. PayPal runs online payments and the Venmo app.
What to weigh
- You hold a Coinbase tokenized share of PayPal (PYPL) on Base, in a Mo wallet rather than a brokerage account.
- Tokens are already on Base. Coinbase has not published a NAV, so Mo treats the live quote as coming soon.
- Coinbase makes it available to eligible non-US persons only.
- PayPal runs online payments and the Venmo app.
- One token does not stay equal to one share. When the underlying pays a cash dividend or splits, Coinbase updates an onchain multiplier and the token balance stays the same. A cash dividend is converted into more underlying shares, not paid out as cash. A split moves the share price and the multiplier in opposite directions. Mo shows the share count from that multiplier. See how B20 handles dividends and splits.
