PayPal’s PYUSD Launches on Polygon, Expanding Stablecoin Payment Reach
The dollar-pegged stablecoin is now natively issued on Polygon PoS, tapping into its Open Money Stack to broaden blockchain coverage and on-chain payment use cases.
PayPal’s dollar-pegged stablecoin PYUSD has been natively issued on the Polygon PoS network by Paxos and integrated into Polygon’s Open Money Stack, further extending its blockchain network coverage and on-chain payment applications.
Native issuance means PYUSD can be minted and circulated directly on the Polygon network without relying on cross-chain bridges to generate wrapped assets. Businesses already connected to Polygon’s payment infrastructure can use PYUSD through existing wallets, fiat on-ramp/off-ramp services, and compliance tools to facilitate payments, cross-border fund transfers, and local fiat settlement.
Previously, PYUSD operated natively primarily on Ethereum and Solana. This expansion to Polygon is expected to leverage its lower transaction costs and mature stablecoin ecosystem to further advance PYUSD’s adoption in enterprise payments, cross-border settlements, and on-chain finance.
