TL;DR:
- PayPal deepens its alliance with Polygon to natively issue PYUSD on its network and expand adoption across global payment systems.
- Polygon has processed over $2.6 trillion in stablecoin transactions; PYUSD, issued by Paxos, has a total supply close to $3 billion.
- Integration with Polygon’s Open Money Stack allows companies to manage collections, transfers and payments in a single connection, with built-in regulatory compliance.
PayPal announced a deeper relationship with the Polygon network to drive adoption of its PYUSD stablecoin. The company confirmed that the token will be natively issued on Polygon and will be available through the network’s Open Money Stack, an infrastructure designed to allow companies to manage collections, cross-border fund movements and payments in a single integration.
Open Money Stack: One Single Integration for the Full Payment Cycle
Until now, incorporating a stablecoin into a payment system meant assembling separate pieces: a token in one service, on- and off-ramps in another, and compliance tools layered on top. The Open Money Stack collapses that process into a single connection, allowing a company to accept funds from cards, bank accounts or exchange balances, move PYUSD across borders and settle in local currency without additional intermediaries.
NEW: @PayPal USD (PYUSD) is now issued natively on Polygon Chain and built into the Open Money Stack.
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
— Polygon | POL (@0xPolygon) July 9, 2026
Polygon noted that its network already processes more than $2.5 billion in daily stablecoin volume and has accumulated more than $2.6 trillion in total transactions. Revolut and Stripe are among the companies operating on this infrastructure.
PayPal’s PYUSD, issued by Paxos under a national trust charter supervised by the Office of the Comptroller of the Currency (OCC), has a total supply of close to $3 billion, placing it well behind market leaders Tether and Circle, issuers of USDT and USDC respectively. However, its federal regulatory backing is the central argument that both PayPal and Paxos use to position it in institutional and enterprise use cases.
PayPal Bets on Regulatory Compliance as a Differentiating Factor
“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. Peter Jonas, Chief Revenue Officer of Paxos, emphasized that OCC federal oversight makes PYUSD a suitable option for operations requiring regulatory certainty.
Among the mentioned use cases are payments to contractors across multiple countries, settlements with international vendors and remittances to emerging markets, all scenarios where settlement speed and reduction of operational costs represent essential advantages for PayPal over traditional correspondent banking.
