PayPal is Expanding its PYUSD Stablecoin to Polygon: New Payment Channels and the Future of Global Finance

PayPal Expands PYUSD to Polygon's $2.6T Stablecoin Settlement Network. PayPal is expanding the reach of PayPal USD (CRYPTO: $PYUSD) by bringing the stablecoin natively to Polygon (CRYPTOP: $MATIC), adding a payment rail for businesses moving regulated dollars across borders. PYUSD is now issued on Polygon through Paxos and available through the network's Open Money Stack. Businesses already processing payments on Polygon can access the token through the same wallets, ramps, and compliance tools they use today. Polygon said the setup allows companies to accept funds from a card, bank account, or exchange balance, move PYUSD across borders, and cash out into local currency through a single integration. The network settles more than $2.5 billion in stablecoin volume each day and has processed more than $2.6 trillion in total stablecoin volume. '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. He added that native PYUSD support allows businesses to take money in, move it globally, and cash out with compliance built into the same integration. The rollout adds another distribution channel for a stablecoin PayPal has been pushing deeper into its payments network. PYUSD was expanded to users across 70 markets earlier this year, giving the dollar-backed token a broader path into consumer and business payment flows. Paxos issues PYUSD under a national trust charter supervised by the Office of the Comptroller of the Currency. Paxos Chief Revenue Officer Peter Jonas said bringing the stablecoin natively to Polygon places a federally regulated dollar token on one of the most active networks for stablecoin payments. For PayPal, the expansion extends PYUSD beyond wallet access and into infrastructure businesses already use for payroll, marketplace settlement, remittances, and cross-border payouts. PayPal Holdings, Inc. (NASDAQ: PYPL) stock is trading at $44.59 U.S. per share. The Future of Stablecoins and Their Impact on Global Finance