PayPal’s dollar-backed stablecoin, PYUSD, is now officially available as a native asset on the Polygon network through a partnership with Paxos. This means businesses and users can access PYU
PayPal’s dollar-backed stablecoin, PYUSD, is now officially available as a native asset on the Polygon network through a partnership with Paxos. This means businesses and users can access PYUSD directly on Polygon, rather than relying on a bridged version, unlocking new possibilities for seamless financial transactions and payment innovation. The integration brings digital wallets, fiat on and off-ramps, and compliance tools directly into Polygon’s payment infrastructure, expanding its capabilities for both enterprises and everyday users.
Paxos has launched PYUSD issuance natively on Polygon, allowing businesses to manage deposits, transfers, settlements, and fiat conversions all within a unified framework. Polygon’s Open Money Stack aims to streamline payments by reducing the need for multiple, separate integrations with various providers. The system is positioned to make digital money movement simpler and more accessible across industries.
Polygon announced that PayPal USD is now natively issued on its chain and integrated into the Open Money Stack infrastructure.
This consolidated structure brings together card transactions, bank transfers, exchange connectivity, and stablecoin flows under one roof. It is designed to benefit companies seeking to accelerate cross-border payments and streamline operational processes. Payroll firms, digital marketplaces, and money transfer companies can now manage payment flows using PYUSD without building their own banking infrastructure.
Mini glossary: Paxos is a regulated US financial technology company that provides blockchain-based digital asset infrastructure. PYUSD, issued by Paxos, is a stablecoin backed by dollar-denominated reserve assets.
Polygon has revealed that stablecoin transaction volume on its network has surpassed $2.6 trillion to date. This remarkable figure underscores Polygon’s established strength in payment-focused use cases. With the addition of PYUSD, the network is set to offer even greater utility as a robust payment avenue, building on its already impressive foundation.
Major companies such as Revolut and Stripe are already leveraging Polygon’s infrastructure for payment operations. Because PYUSD seamlessly integrates into existing business systems on Polygon, corporate users can add PYUSD support without reworking their underlying technology—minimizing technical overhead and reducing rollout times.
TitleDetailAssetPYUSDNetworkPolygonIssuerPaxosReported stablecoin transaction volumeOver $2.6 trillionPYUSD is issued by Paxos and fully backed by dollar-denominated reserves. Paxos states that its operations are regulated under a national trust charter overseen by the US Office of the Comptroller of the Currency (OCC), solidifying PYUSD’s position among the US market’s regulatory-compliant, dollar-backed stablecoins.
Paxos emphasizes that PYUSD is supported by dollar reserve assets and operates under a national trust license framework.
With the launch on Polygon, PYUSD is now available across a broader range of blockchain networks for payments and settlements. Mastercard also included PYUSD in its reconciliation infrastructure across multiple blockchains earlier this year. Meanwhile, the PYUSDx platform—recently introduced by PayPal and MoonPay—enables developers to create stablecoin-powered applications supported by PYUSD reserves, all without the complexities of setting up independent payment infrastructure.
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