PayPal’s dollar-backed stablecoin PYUSD is now natively available on Polygon, opening a direct path for businesses to use the regulated token inside Polygon’s Open Money Stack. The integration — announced by Polygon Labs and Paxos — stitches PYUSD into Polygon’s payments, fiat-rail and compliance tooling so companies can accept, settle and convert funds with a single connection.
What this means for businesses
- PYUSD (issued by Paxos) can be accessed directly through wallets, fiat ramps and compliance services already integrated with Polygon, removing the need to stitch together multiple providers.
- Companies can accept payments from cards, bank accounts or exchange balances, settle cross-border in PYUSD, and convert back to local currencies via one integration.
- Polygon says the setup reduces engineering work, lowers operating costs and speeds settlement by combining regulated fiat access and compliance services within the same payments infrastructure.
Use cases and user benefits
- Payroll providers, online marketplaces and remittance platforms can pay contractors, settle with international sellers and move money into overseas markets without building out their own banking or compliance stack.
- End users stand to see faster payouts, fewer failed transactions and quicker conversion into local currencies.
Regulatory and network context
- PYUSD is issued by Paxos under a national trust charter supervised by the Office of the Comptroller of the Currency (OCC), making it one of the larger U.S. dollar stablecoins issued by a federally regulated entity. Polygon frames the pairing of a regulated stablecoin with its licensed fiat ramps as a compliant bridge between traditional finance and on-chain settlement.
- Polygon reports it has settled more than $2.6 trillion in stablecoin transactions to date and is already used by firms including Revolut and Stripe.
Voices from the companies
“A stablecoin is only as useful as the places it can go and what it can do when it gets there,” Polygon Labs CEO Marc Boiron said, noting that bringing PYUSD into the Open Money Stack lets businesses receive payments, move funds across borders and cash out through a single integration with compliance built in.
“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,” Paxos chief revenue officer Peter Jonas added. “Businesses running on the Open Money Stack can now settle in PYUSD with confidence in the compliance and regulatory oversight that serious money requires.”
Broader rollout and ecosystem moves
This launch follows other PYUSD expansions: in February PayPal and MoonPay introduced PYUSDx, a platform for developers to issue application-specific stablecoins backed by PYUSD without building payment rails from scratch. In June, Mastercard added PYUSD — alongside five other regulated dollar stablecoins — to its multi-chain settlement network, enabling participating banks to settle card transactions outside traditional banking hours while maintaining security and compliance standards.
Bottom line
The native integration of PYUSD into Polygon’s Open Money Stack accelerates a practical on-ramp for regulated dollar liquidity on one of the largest stablecoin payment networks, simplifying compliance and settlement flows for businesses that want to move money on-chain.
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