PayPal launches PYUSD natively on Polygon blockchain

PayPal's dollar-backed stablecoin, PYUSD, is now natively available on the Polygon blockchain network, expanding its reach beyond Ethereum. The integration, announced Thursday, July 9, 2026, allows businesses to directly access the stablecoin through Polygon's Open Money Stack infrastructure for streamlined cross-border payments and settlements.

The stablecoin is issued by Paxos Trust Company, which operates under a national trust charter supervised by the Office of the Comptroller of the Currency. By minting PYUSD directly on Polygon, the process eliminates the need for a bridge, reducing counterparty risk. This native integration means companies can accept funds from cards, bank accounts, or exchange balances, move PYUSD across borders, and cash out into local currency through a single connection, with built-in compliance tools.

Polygon's network has processed more than $2.6 trillion in total stablecoin transaction volume and currently settles over $2.5 billion in daily stablecoin volume, according to the company. Major payment firms like Revolut and Stripe already operate on the network. PYUSD, with a total supply close to $3 billion, is positioned as a federally regulated...