PayPal's PYUSD Debuts as a Native Stablecoin on Polygon, Adding Built-In Compliance and Fiat On/Off Ramps

PayPal's U.S. dollar-backed stablecoin PYUSD is now live on the Polygon blockchain, issued natively by Paxos. The rollout lets businesses use PYUSD for cross-border payments via Polygon's Open Money Stack, tapping the same wallets, fiat ramps and compliance tools they already rely on for Polygon-based payment flows. According to a press release shared with CryptoPotato, companies can accept payments from cards, bank accounts or exchange balances, convert funds into PYUSD, send it internationally, and cash out into local currencies through a single integrated setup. Polygon Labs said the approach reduces engineering work, cuts operating costs and replaces multiple vendor relationships with one integration. Polygon said its network has already settled more than $2.6 trillion in stablecoin transactions and is used by companies including Revolut and Stripe. It expects the integrated rails to support use cases such as payroll providers paying contractors across multiple countries, online marketplaces settling with international sellers, and remittance apps sending funds into emerging markets. For end users, Polygon pointed to faster payouts, fewer failed transactions and quicker access to local currency, while avoiding delays and costs common in traditional correspondent banking. PYUSD is issued by Paxos under a national Trust charter overseen by the Office of the Comptroller of the Currency (OCC). Polygon Labs CEO Marc Boiron said native availability within the Open Money Stack enables businesses to take in funds, move them across borders and cash out through one integration with compliance embedded, arguing that regulated stablecoins on infrastructure that already operates at scale shift the conversation from readiness to what businesses can build. The launch comes as Polygon Labs restructures and pivots toward stablecoin-based payments. Earlier this year, the company said it had signed definitive agreements to acquire Coinme and Sequence for more than $250 million to round out core infrastructure for regulated stablecoin payments and money movement. Through Coinme, Polygon also expanded its U.S. footprint, gaining operations in 48 states via money-transmitter licenses and compliance infrastructure, a crypto-as-a-service platform, licensed wallet infrastructure, enterprise APIs, and a retail network of roughly 50,000 locations. The post PayPal's Stablecoin Lands on Polygon With Built-In Compliance and Fiat Access appeared first on CryptoPotato.