PYUSD Goes Native on Polygon @PayPal's $PYUSD stablecoin is now live natively on the @0xPolygon blockchain, issued through @Paxos and integrated into Polygon's Open Money Stack (OMS) for glob
@PayPal's $PYUSD stablecoin is now live natively on the @0xPolygon blockchain, issued through @Paxos and integrated into Polygon's Open Money Stack (OMS) for global enterprise use. The move marks a meaningful expansion for the dollar-backed token, which launched in August 2023 on Ethereum, expanded to Solana in 2024, and has since reached a wider set of chains.
$PYUSD is a US dollar stablecoin issued by Paxos Trust Company and distributed through PayPal and Venmo.Paxos is regulated by the Office of the Comptroller of the Currency, and its reserves are fully backed by US dollar deposits, Treasuries, and equivalent cash instruments.Circulating supply sat near $3.5 billion in May 2026, up more than fivefold over the prior year.
The central appeal of placing $PYUSD inside the OMS is operational simplicity. The Open Money Stack is Polygon's stablecoin payments infrastructure, combining fiat on-ramps and off-ramps, wallet infrastructure, compliance, stablecoin orchestration, and onchain settlement in one open, vertically integrated platform. For businesses, that means executing federally regulated cross-border transactions through a single integration, without assembling separate pay-in, payout, and compliance layers.
The architecture addresses a pain point familiar to any payments team that has tried building stablecoin flows: vendor fragmentation. Most institutions currently stitch together separate compliance vendors, wallet providers, bridges, off-ramps, and chains.The Open Money Stack replaces multiple vendors with one integration, handling stablecoin routing underneath: on-ramp, settle, off-ramp.
The infrastructure is already operating at scale. Polygon Chain, the settlement layer of the OMS, can now support up to 5,000 payment transactions per second, putting it in the same throughput tier as traditional major payments networks, at a fraction of the cost.The OMS reports $54 billion in stablecoin transfer volume, 159 million unique wallet addresses, and an average transaction cost of $0.002, with live integrations by Revolut, Stripe, Flutterwave, and others.
The PYUSD integration positions both PayPal and Polygon at the front of an accelerating shift in enterprise payments. By March 2026, PayPal had extended access to users across 70 markets, including the United Kingdom, Singapore, Peru, and Guatemala, moving PYUSD from a US-only product toward a global one. Adding native Polygon support through the OMS gives enterprise clients a regulated, single-stack path to plug into that reach.
SourcesPolygon Open Money Stack, Polygon TechnologyPolygon Labs Unveils Open Money Stack, CoinDeskPayPal PYUSD Goes Global: 70 Markets, FinTech Weekly
