PayPal USD (PYUSD), the U.S. dollar-backed stablecoin issued by Paxos, is now available natively on the Polygon network through the Polygon Open Money Stack, expanding regulated stablecoin payment infrastructure for businesses.
The integration enables companies to access PYUSD directly through Polygon’s payment ecosystem, allowing them to accept funds, transfer stablecoins across borders, and convert them into local currencies using a single integration. The Open Money Stack combines wallets, regulated fiat on- and off-ramps, compliance tools, and cross-chain routing into one platform.
According to Polygon, the network has settled more than $2.6 trillion in stablecoin transactions to date and currently processes nearly $3 billion in stablecoin settlements daily. Companies including Revolut and Stripe already use Polygon’s infrastructure for payments.
Simplifying global stablecoin payments
Before the integration, businesses typically relied on multiple providers for stablecoin issuance, fiat conversion, compliance, and settlement. Polygon said native PYUSD support removes much of that complexity by bringing these services together within a single infrastructure.
Businesses can now accept payments from bank accounts, cards, or exchange balances, hold and transfer PYUSD internationally, and convert the funds into local currencies using built-in compliance and regulated fiat access.
The integration is aimed at businesses handling international payments, including payroll providers paying overseas contractors, online marketplaces settling with global merchants, and remittance platforms serving emerging markets.
Polygon said the unified system reduces operational complexity, lowers costs, and speeds up settlement, while helping end users benefit from faster payouts, fewer failed transactions, and lower fees than traditional correspondent banking networks.
Regulated stablecoin infrastructure
PYUSD is issued by Paxos under a national trust charter supervised by the U.S. Office of the Comptroller of the Currency (OCC), making it one of the largest U.S. dollar stablecoins issued by a federally regulated entity.
“A stablecoin is only as useful as the places it can go and what it can do when it gets there,” said Marc Boiron, CEO of Polygon Labs. He said bringing PYUSD natively into the Open Money Stack allows businesses to “take money in, move it across borders, and cash it out in one integration, with compliance built in.”
Boiron added that businesses are beginning to focus less on whether stablecoin payments are ready and more on “what they can build with them.”
Peter Jonas, Chief Revenue Officer at Paxos, said the company’s role is to bring “trusted stablecoins to businesses and institutions wherever they need them.”
He added that bringing PYUSD natively to Polygon places “a federally regulated, dollar-backed stablecoin on one of the most active networks for stablecoin payments,” allowing businesses to settle transactions with confidence in its compliance and regulatory oversight.
PYUSD is already available on several blockchain networks, and its native issuance on Polygon further expands its reach for businesses seeking regulated on-chain payment infrastructure.
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