PayPal's PYUSD stablecoin launches natively on Polygon

PayPal USD (PYUSD), the dollar‑backed stablecoin issued by Paxos, has been integrated as a native token on the Polygon blockchain through the Polygon Open Money Stack. The rollout enables businesses to use PYUSD for cross‑border payments with built‑in regulatory compliance, faster settlement and lower fees, eliminating the need for bridges and reducing counter‑party risk.

Polygon Labs CEO Marc Boiron said the integration lets a business “take money in, move it across borders, and cash it out in one integration, with compliance built in.” Paxos chief revenue officer Peter Jonas added that the move brings “trusted stablecoins to businesses and institutions wherever they need them.” The launch arrives ahead of the U.S. GENIUS Act deadline, underscoring growing momentum for regulated stablecoin adoption in enterprise finance.