PayPal Launches Native PYUSD Stablecoin on Polygon to Tap $2.6 Trillion Payments Volume

cryptoblockchainstechfintech 3 posts · 3 accounts

PayPal is launching native issuance of its PYUSD stablecoin on Polygon and integrating it into the blockchain’s Open Money Stack, enabling direct settlements for cross-border payments.

The OCC-regulated token is issued by Paxos and will operate on a network that has processed more than $2.6 trillion in stablecoin transactions. The integration aims to expand adoption of the dollar-pegged asset across broader payment applications.

From the sources (3 posts)

@theblockco

THE BLOCK: PayPal adds native issuance of $PYUSD on Polygon in the hopes of boosting adoption of the stablecoin. PYUSD will also be available through Polygon's Open Money Stack.

@paxos

PYUSD, the OCC-regulated stablecoin issued by Paxos, is now available on @0xPolygon and the Open Money Stack. Purpose-built for global payments, Polygon processes transactions in seconds and has moved more than $2.6 trillion in stablecoins

@0xpolygon

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. http

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