PayPal expands PYUSD stablecoin issuance natively on Polygon
The move adds Polygon to PYUSD's growing multi-chain footprint as PayPal pushes deeper into enterprise payments
PayPal USD is now issued natively on Polygon through Paxos and available through Polygon’s Open Money Stack, giving businesses a direct way to use PYUSD for stablecoin payments and settlement.
NEW: @PayPal USD (PYUSD) is now issued natively on Polygon Chain and built into the Open Money Stack.
Send a stablecoin built for payments across borders, and settle it on the chain already doing billions in payments volume every day. pic.twitter.com/5KiUITZqs4
— Polygon | POL (@0xPolygon) July 9, 2026
The integration brings PYUSD into Polygon’s payments infrastructure, which combines wallets, fiat ramps, compliance tooling and stablecoin settlement through a single system. Businesses using Polygon can now access PYUSD through the same infrastructure they use to accept deposits, move stablecoins and cash out to fiat.
Polygon said more than $2.6 trillion in stablecoin payments have settled on its network. Companies including Revolut and Stripe are already using Polygon for payments activity.
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PYUSD is issued by Paxos and backed by dollar denominated reserves. Paxos said the stablecoin is issued under a national trust charter supervised by the Office of the Comptroller of the Currency.
Polygon Labs CEO Marc Boiron said bringing PYUSD into the Open Money Stack means businesses can take money in, move it across borders and cash it out through one integration with compliance built in.
Paxos Chief Revenue Officer Peter Jonas said PYUSD’s native issuance on Polygon puts a federally regulated dollar backed stablecoin on one of the most active networks for stablecoin payments.