PayPal USD Lands on Polygon’s Open Money Stack for Payments

TLDR

• PYUSD lands natively on Polygon through Paxos for business payments.
• Polygon’s Open Money Stack adds PYUSD to wallets and fiat ramps.
• Businesses can settle in PYUSD and cash out through one system.
• Polygon says it has processed $2.6T in stablecoin payments.
• Paxos brings regulated dollar-backed PYUSD to Polygon payments.

PayPal USD has landed natively on Polygon through Paxos, expanding its role in stablecoin payments. The move gives businesses direct access to PYUSD through Polygon’s Open Money Stack. It also links regulated dollar settlement with wallets, fiat ramps, and compliance tools.

PYUSD Joins Polygon’s Open Money Stack

Paxos now issues PYUSD natively on Polygon, instead of relying only on bridged versions. Therefore, businesses can use the stablecoin directly across Polygon’s payments infrastructure. The setup supports deposits, transfers, settlement, and fiat conversion through one connected system.

Polygon’s Open Money Stack combines wallets, fiat access, compliance services and stablecoin settlement. As a result, businesses can reduce separate integrations with several payment providers. The system also supports card, bank, exchange, and stablecoin payment flows.

The integration targets companies that need faster cross-border settlement and lower operational complexity. Payroll firms, marketplaces, and remittance platforms can use PYUSD for international payments. They can also move funds and cash out without building separate banking systems.

Polygon Expands Stablecoin Payment Use

Polygon said its network has processed more than $2.6 trillion in stablecoin payments. That figure gives the network a strong base for payment-focused stablecoin activity. It also shows why PYUSD fits into Polygon’s broader settlement strategy.

Companies such as Revolut and Stripe already use Polygon for payments activity. Existing businesses on Polygon can add PYUSD without replacing their current infrastructure. That approach lowers technical work and supports faster deployment.

Polygon Labs said the Open Money Stack helps businesses receive money and move it across borders. It also lets them convert funds into local currencies through one integration. The structure gives companies a clearer path between traditional finance and blockchain settlement.

Paxos Adds Regulated Dollar Settlement

PYUSD is issued by Paxos and backed by dollar-denominated reserves. Paxos said the stablecoin operates under a national trust charter supervised by the OCC. That status places PYUSD among regulated dollar-backed stablecoins in the United States.

The Polygon launch gives PYUSD another major network for payments and settlement. It also follows wider stablecoin adoption by payment firms and financial infrastructure providers. In June, Mastercard added PYUSD to its settlement network across several blockchains.

PayPal and MoonPay also introduced PYUSDx earlier this year for application-specific stablecoins. That platform lets developers launch stablecoins backed by PYUSD without building payment systems from scratch. Together, these moves show PYUSD’s push toward broader payment infrastructure.

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