diff --git a/scripts/addresses/1-tmp-assets-collateral.json b/scripts/addresses/1-tmp-assets-collateral.json
index 7a276f5fb..32d89934a 100644
--- a/scripts/addresses/1-tmp-assets-collateral.json
+++ b/scripts/addresses/1-tmp-assets-collateral.json
@@ -60,7 +60,8 @@
     "cvxCrvUSDUSDT": "0x69c6597690B8Df61D15F201519C03725bdec40c1",
     "sfrxETH": "0x4c891fCa6319d492866672E3D2AfdAAA5bDcfF67",
     "apxETH": "0x05ffDaAA2aF48e1De1CE34d633db018a28e3B3F5",
-    "sUSDe": "0x35081Ca24319835e5f759163F7e75eaB753e0b7E"
+    "sUSDe": "0x35081Ca24319835e5f759163F7e75eaB753e0b7E",
+    "pyUSD": "0xa5cde4fB1132daF8f4a0D3140859271208d944E9"
   },
   "erc20s": {
     "stkAAVE": "0x4da27a545c0c5B758a6BA100e3a049001de870f5",
@@ -121,6 +122,7 @@
     "CRV": "0xD533a949740bb3306d119CC777fa900bA034cd52",
     "CVX": "0x4e3FBD56CD56c3e72c1403e103b45Db9da5B9D2B",
     "apxETH": "0x9Ba021B0a9b958B5E75cE9f6dff97C7eE52cb3E6",
-    "sUSDe": "0x9D39A5DE30e57443BfF2A8307A4256c8797A3497"
+    "sUSDe": "0x9D39A5DE30e57443BfF2A8307A4256c8797A3497",
+    "pyUSD": "0x6c3ea9036406852006290770bedfcaba0e23a0e8"
   }
 }
diff --git a/scripts/deploy.ts b/scripts/deploy.ts
index 545df26cb..fa2a1988f 100644
--- a/scripts/deploy.ts
+++ b/scripts/deploy.ts
@@ -88,7 +88,8 @@ async function main() {
       'phase2-assets/collaterals/deploy_apxeth.ts',
       'phase2-assets/collaterals/deploy_USDe.ts',
       'phase2-assets/assets/deploy_crv.ts',
-      'phase2-assets/assets/deploy_cvx.ts'
+      'phase2-assets/assets/deploy_cvx.ts',
+      'phase2-assets/collaterals/deploy_pyusd.ts'
     )
   } else if (chainId == '8453' || chainId == '84531') {
     // Base L2 chains
diff --git a/scripts/deployment/phase2-assets/collaterals/deploy_pyusd.ts b/scripts/deployment/phase2-assets/collaterals/deploy_pyusd.ts
new file mode 100644
index 000000000..d4de0c91f
--- /dev/null
+++ b/scripts/deployment/phase2-assets/collaterals/deploy_pyusd.ts
@@ -0,0 +1,85 @@
+import fs from 'fs'
+import hre, { ethers } from 'hardhat'
+import { getChainId } from '../../../../common/blockchain-utils'
+import { arbitrumL2Chains, baseL2Chains, networkConfig } from '../../../../common/configuration'
+import { bn, fp } from '../../../../common/numbers'
+import {
+  getDeploymentFile,
+  getDeploymentFilename,
+  getAssetCollDeploymentFilename,
+  IAssetCollDeployments,
+  fileExists,
+} from '../../../deployment/common'
+import { priceTimeout } from '../../../deployment/utils'
+import { Asset, ICollateral } from '../../../../typechain'
+import {
+  PYUSD_MAX_TRADE_VOLUME,
+  PYUSD_ORACLE_ERROR,
+  PYUSD_ORACLE_TIMEOUT,
+} from '#/test/plugins/individual-collateral/aave-v3/constants'
+import { CollateralStatus } from '#/common/constants'
+import { expect } from 'chai'
+
+async function main() {
+  // ==== Read Configuration ====
+  const [burner] = await hre.ethers.getSigners()
+  const chainId = await getChainId(hre)
+
+  console.log(`Deploying pyUSD asset to network ${hre.network.name} (${chainId})
+    with burner account: ${burner.address}`)
+
+  if (!networkConfig[chainId]) {
+    throw new Error(`Missing network configuration for ${hre.network.name}`)
+  }
+
+  // Only exists on Mainnet
+  if (baseL2Chains.includes(hre.network.name) || arbitrumL2Chains.includes(hre.network.name)) {
+    throw new Error(`Invalid network ${hre.network.name} - only available on Mainnet`)
+  }
+
+  // Get phase1 deployment
+  const phase1File = getDeploymentFilename(chainId)
+  if (!fileExists(phase1File)) {
+    throw new Error(`${phase1File} doesn't exist yet. Run phase 1`)
+  }
+  // Check previous step completed
+  const assetCollDeploymentFilename = getAssetCollDeploymentFilename(chainId)
+  const assetCollDeployments = <IAssetCollDeployments>getDeploymentFile(assetCollDeploymentFilename)
+
+  const deployedCollateral: string[] = []
+
+  let collateral: ICollateral
+
+  /********  Deploy pyUSD asset **************************/
+  const { collateral: pyUsdCollateral } = await hre.run('deploy-fiat-collateral', {
+    priceTimeout: priceTimeout.toString(),
+    priceFeed: networkConfig[chainId].chainlinkFeeds.pyUSD,
+    oracleError: PYUSD_ORACLE_ERROR.toString(),
+    tokenAddress: networkConfig[chainId].tokens.pyUSD,
+    maxTradeVolume: PYUSD_MAX_TRADE_VOLUME.toString(), // $500k,
+    oracleTimeout: PYUSD_ORACLE_TIMEOUT.toString(),
+    targetName: hre.ethers.utils.formatBytes32String('USD'),
+    defaultThreshold: fp('0.01').add(PYUSD_ORACLE_ERROR).toString(),
+    delayUntilDefault: bn('86400').toString(), // 24h
+  })
+  collateral = <ICollateral>await ethers.getContractAt('ICollateral', pyUsdCollateral)
+  await (await collateral.refresh()).wait()
+  expect(await collateral.status()).to.equal(CollateralStatus.SOUND)
+
+  assetCollDeployments.collateral.pyUSD = pyUsdCollateral
+  assetCollDeployments.erc20s.pyUSD = networkConfig[chainId].tokens.pyUSD
+  deployedCollateral.push(pyUsdCollateral.toString())
+
+  /**************************************************************/
+
+  fs.writeFileSync(assetCollDeploymentFilename, JSON.stringify(assetCollDeployments, null, 2))
+
+  console.log(`Deployed pyUSD asset to ${hre.network.name} (${chainId}):
+    New deployments: ${deployedCollateral}
+    Deployment file: ${assetCollDeploymentFilename}`)
+}
+
+main().catch((error) => {
+  console.error(error)
+  process.exitCode = 1
+})
diff --git a/scripts/verification/collateral-plugins/verify_pyusd.ts b/scripts/verification/collateral-plugins/verify_pyusd.ts
new file mode 100644
index 000000000..5383c95ea
--- /dev/null
+++ b/scripts/verification/collateral-plugins/verify_pyusd.ts
@@ -0,0 +1,51 @@
+import hre from 'hardhat'
+
+import { getChainId } from '../../../common/blockchain-utils'
+import { developmentChains, networkConfig } from '../../../common/configuration'
+import { getAssetCollDeploymentFilename, getDeploymentFile, getDeploymentFilename, IAssetCollDeployments, IDeployments } from '../../deployment/common'
+import { priceTimeout, verifyContract } from '../../deployment/utils'
+import { bn, fp } from '../../../common/numbers'
+import { PYUSD_MAX_TRADE_VOLUME, PYUSD_ORACLE_ERROR, PYUSD_ORACLE_TIMEOUT } from '#/test/plugins/individual-collateral/aave-v3/constants'
+
+let deployments: IAssetCollDeployments
+
+async function main() {
+  // ********** Read config **********
+  const chainId = await getChainId(hre)
+  if (!networkConfig[chainId]) {
+    throw new Error(`Missing network configuration for ${hre.network.name}`)
+  }
+
+  if (developmentChains.includes(hre.network.name)) {
+    throw new Error(`Cannot verify contracts for development chain ${hre.network.name}`)
+  }
+
+  deployments = <IAssetCollDeployments>getDeploymentFile(getAssetCollDeploymentFilename(chainId))
+
+  const collat = await hre.ethers.getContractAt('FiatCollateral', deployments.collateral.pyUSD!)
+
+  /** ******************** Verify pyUSD Asset ****************************************/
+  await verifyContract(
+    chainId,
+    deployments.collateral.pyUSD,
+    [
+      {
+        priceTimeout: priceTimeout.toString(),
+        chainlinkFeed: networkConfig[chainId].chainlinkFeeds.pyUSD,
+        oracleError: PYUSD_ORACLE_ERROR.toString(),
+        erc20: networkConfig[chainId].tokens.pyUSD,
+        maxTradeVolume: PYUSD_MAX_TRADE_VOLUME.toString(), // $500k,
+        oracleTimeout: PYUSD_ORACLE_TIMEOUT,
+        targetName: hre.ethers.utils.formatBytes32String('USD'),
+        defaultThreshold: fp('0.01').add(PYUSD_ORACLE_ERROR).toString(),
+        delayUntilDefault: bn('86400').toString(), // 24h
+      },
+    ],
+    'contracts/plugins/assets/FiatCollateral.sol:FiatCollateral'
+  )
+}
+
+main().catch((error) => {
+  console.error(error)
+  process.exitCode = 1
+})
diff --git a/scripts/verify_etherscan.ts b/scripts/verify_etherscan.ts
index 1aed44c0f..1266c5ce2 100644
--- a/scripts/verify_etherscan.ts
+++ b/scripts/verify_etherscan.ts
@@ -78,7 +78,8 @@ async function main() {
       'collateral-plugins/verify_steakusdc.ts',
       'collateral-plugins/verify_re7weth.ts',
       'collateral-plugins/verify_apxeth.ts',
-      'collateral-plugins/verify_USDe.ts'
+      'collateral-plugins/verify_USDe.ts',
+      'collateral-plugins/verify_pyusd.ts'
     )
   } else if (chainId == '8453' || chainId == '84531') {
     // Base L2 chains