PayPal Expands Polygon Partnership to Issue PYUSD Natively on the Network

PayPal is deepening its collaboration with Polygon, confirming that its PYUSD stablecoin will be issued natively on Polygon and integrated into the network's Open Money Stack. The move is aimed at widening PYUSD's reach across global payment flows and simplifying how businesses adopt stablecoins in production systems. Polygon said its chain processes more than $2.5 billion in daily stablecoin volume and has surpassed $2.6 trillion in total stablecoin transaction value. Revolut and Stripe were cited among companies already operating on the same infrastructure. PayPal said Open Money Stack is designed to replace the fragmented approach companies typically face when adding stablecoins to payments. Instead of stitching together a token provider, separate on- and off-ramps, and standalone compliance layers, firms can use a single integration to accept funds from cards, bank accounts, or exchange balances, move PYUSD across borders, and settle in local currency with built-in regulatory compliance. PYUSD is issued by Paxos under a national trust charter overseen by the Office of the Comptroller of the Currency (OCC). The stablecoin's total supply is close to $3 billion, well below market leaders Tether and Circle, the issuers of USDT and USDC. PayPal and Paxos position PYUSD's federal regulatory oversight as its primary differentiator for institutional and enterprise adoption. "A stablecoin is only as useful as the places it can reach and what it can do when it gets there," said Marc Boiron, CEO of Polygon Labs. Paxos Chief Revenue Officer Peter Jonas added that OCC supervision supports use cases where regulatory certainty is required. PayPal and Polygon highlighted business scenarios including paying contractors across multiple countries, settling with international vendors, and remittances to emerging markets—areas where faster settlement and lower operating costs are intended to offer an advantage over traditional correspondent banking. On July 9, 2026, Polygon posted that PYUSD is now issued natively on Polygon Chain and built into Open Money Stack.