PayPal is expanding the reach of PayPal USD (PYUSD) by integrating the stablecoin into the Polygon network, which facilitates cross-border payments for businesses. The integration allows businesses already using Polygon to access PYUSD through their existing wallets and compliance tools.
PYUSD is now issued on Polygon through Paxos and is available via the network’s Open Money Stack. Companies can accept funds from various sources, including cards and bank accounts, move PYUSD internationally, and convert it to local currency through a single setup.
Polygon processes over $2.5 billion in stablecoin transactions daily and has handled more than $2.6 trillion in total stablecoin volume. “A stablecoin is only as useful as the places it can go and what it can do when it gets there,” said Polygon Labs CEO Marc Boiron. He noted that the native support for PYUSD enables businesses to receive funds, move them globally, and cash out while ensuring compliance.
This expansion aligns with PayPal’s strategy to deepen the adoption of PYUSD within its payment network. Earlier this year, PayPal extended PYUSD access to users in 70 markets, enhancing its utility in consumer and business transactions.
Paxos issues PYUSD under a national trust charter supervised by the Office of the Comptroller of the Currency. Paxos Chief Revenue Officer Peter Jonas stated that integrating PYUSD natively into Polygon positions a federally regulated dollar token on one of the most active networks for stablecoin transactions.
For PayPal, this move broadens the application of PYUSD beyond simple wallet access, embedding it into the infrastructure businesses utilize for payroll, marketplace settlements, remittances, and cross-border payouts. Polygon provides an additional channel for PayPal to incorporate PYUSD into active payment processes.
PayPal Holdings, Inc. stock is currently trading at $44.59 U.S. per share.
