PayPal USD Launches Natively on Polygon as Stablecoin Settlement Tops $2.6 Trillion

PayPal USD (PYUSD) is now issued natively on Polygon through Paxos and available via the Polygon Open Money Stack, which Polygon positions as its payments infrastructure for moving money globally. For PSPs and high-risk merchants, the practical point is that stablecoin rails, fiat access, and compliance tooling are being packaged into a single integration instead of stitched together one piece at a time.

1. Polygon says it has settled more than $2.6 trillion in stablecoins to date. The network already has companies including Revolut and Stripe operating on it, and businesses already processing payments on Polygon can now access PYUSD directly through existing wallets, ramps, and compliance tooling.
2. Before this kind of setup, deploying a stablecoin in production meant assembling separate components: a token from one provider, fiat on- and off-ramps from another, compliance tooling from a third, plus engineering work to make everything talk to each other. With PYUSD issued natively within the Open Money Stack, a business can accept funds from a card, bank, or exchange balance, hold and move PYUSD across borders, and cash out to local currency through one integration.
3. Polygon says regulated fiat access and compliance are built into that integration. The Open Money Stack also includes stablecoin orchestration and agentic payments infrastructure, with the latter built on x402 for pay-per-use APIs and ERC-8004 for onchain agent identity. According to Polygon, those features will extend to PYUSD as the integration progresses, rather than staying limited to natively issued USDC.
4. The use cases Polygon points to are familiar but operationally meaningful: a payroll company paying contractors across multiple countries, a marketplace settling with overseas sellers, or a remittance app moving funds into emerging markets. Each could use PYUSD on Polygon’s existing settlement rails without building separate banking and compliance infrastructure, with the intended result being faster payouts and fewer failed transactions.
5. PYUSD is issued by Paxos under a national Trust charter supervised by the U.S. Office of the Comptroller of the Currency (OCC). Paxos describes PYUSD as one of the largest U.S. dollar stablecoins issued by a federally regulated entity, and Polygon says its licensed fiat ramps are paired with that regulatory status to create a compliance path between traditional money and onchain settlement.

For high-risk operators, the detail that matters is not the branding around “payments infrastructure.” It is whether a stablecoin can move from card, bank, or exchange balance into settlement and back out to local currency without forcing a separate stack of banking partners, wallet providers, and compliance vendors to be bolted on afterward.