PayPal USD is now issued natively on Polygon Chain through Paxos and available through the Polygon Open Money Stack, the companies announced Wednesday. The integration connects a federally regulated stablecoin to a network that settles more than $2.5 billion in stablecoin volume daily. Total stablecoin volume settled on Polygon has passed $2.6 trillion.
The Wednesday launch follows a stretch of PYUSD expansions that put the stablecoin in front of broader institutional infrastructure. In June, Mastercard added PYUSD to its settlement network across multiple blockchains including Polygon. Mastercard said the service would allow participating financial institutions to settle card transactions outside traditional banking hours while maintaining its existing security and compliance standards. In February, PayPal and MoonPay launched PYUSDx, a platform that lets developers deploy application-specific stablecoins backed by PYUSD without building payment infrastructure from scratch.
NEW: @PayPal USD (PYUSD) is now issued natively on Polygon Chain and built into the Open Money Stack.
— Polygon | POL (@0xPolygon) July 9, 2026
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
Why federal oversight was central to the deal
Paxos issues PYUSD under a national trust charter supervised by the Office of the Comptroller of the Currency. That charter makes PYUSD one of the largest U.S. dollar stablecoins issued by a federally regulated entity. The OCC relationship matters because enterprise and institutional buyers often require a stablecoin to clear a compliance bar before it can appear in a corporate payment flow or treasury operation.
Paxos Chief Revenue Officer Peter Jonas addressed the regulatory dimension directly.
"PYUSD is issued under a national Trust charter supervised by the OCC, and bringing it natively to Polygon puts a federally regulated, dollar-backed stablecoin on one of the most active networks for stablecoin payments. Businesses running on the Open Money Stack can now settle in PYUSD with confidence in the compliance and regulatory oversight that serious money requires," he said.
What the Open Money Stack removes from the build
Before the Open Money Stack, deploying stablecoin payment infrastructure required assembling separate providers for token issuance, fiat access, compliance tooling, and settlement. Each additional vendor added engineering overhead and a separate relationship to manage.
The OMS consolidates that stack. A business can accept funds from a card or bank account and hold PYUSD for cross-border movement. Cash-out to local currency is included in the same integration. Companies already on Polygon access PYUSD through the same wallets, fiat ramps, and compliance tools currently in use. No infrastructure changes are required.
Polygon Labs CEO Marc Boiron said:
"A stablecoin is only as useful as the places it can go and what it can do when it gets there. Bringing PYUSD natively into the Open Money Stack means a business can take money in, move it across borders, and cash it out in one integration, with compliance built in. When a federally regulated stablecoin is available on infrastructure that already moves money at scale, businesses stop asking whether stablecoin payments are ready and start asking what they can build with them."
Polygon's acquisitions behind the payments pivot
The PYUSD integration arrives as Polygon Labs repositions around stablecoin payments infrastructure. Earlier this year, the company signed definitive agreements to acquire Coinme and Sequence for more than $250 million. The Coinme deal brought Polygon money-transmitter licenses across 48 U.S. states, a retail network of approximately 50,000 locations, and licensed wallet infrastructure with enterprise APIs. Polygon Labs said both acquisitions were intended to complete core infrastructure for regulated stablecoin payments and money movement.
The announcement identifies payroll as one concrete application. A company that pays contractors across multiple countries can run those payouts in PYUSD on Polygon without building its own banking and compliance stack. The same path is available to marketplace operators that settle with international sellers.
Revolut and Stripe already use Polygon for payments activity. End users in those flows receive payouts faster and access local currency without the delays typical of correspondent banking, which routes settlements through chains of intermediary banks that each add processing time and fees.
For developers already on Polygon, access to PYUSD requires no new setup. Existing wallets, ramps, and compliance tools carry over to the new integration, according to the Polygon announcement.
Tanya Petrusenko
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