Regulated PYUSD on Polygon
Federally regulated PayPal PYUSD stablecoin launches natively on Polygon for enhanced global commerce
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Key Points
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Paxos Chief Revenue Officer Peter Jonas emphasized that PYUSD is issued under a national trust charter supervised by the OCC and that bringing it native to Polygon places a federally regulated, dollar-backed stablecoin on one of the most active networks for stablecoin payments.
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The GENIUS Act deadline referenced in coverage is July 18, highlighting the regulatory timeline surrounding compliant stablecoins ahead of that date.
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Existing Polygon users can access PYUSD through the Open Money Stack without needing to alter their current infrastructure, simplifying onboarding for networks already processing Polygon-based payments.
PayPal's dollar-backed stablecoin, PYUSD, is now issued natively on the Polygon blockchain and plugged directly into Polygon's Open Money Stack — a single platform that bundles wallets, fiat ramps, compliance tools, and cross-chain routing. The move gives businesses a ready-made rail for moving regulated dollars across borders without piecing together multiple vendors, according to Crypto Times.
Polygon's network has settled over $2.6 trillion in stablecoin transactions and handles roughly $3 billion in daily stablecoin activity. Crypto News reported that the integration removes the need for businesses to assemble separate systems for issuance, fiat rails, and compliance — a barrier that has slowed stablecoin adoption in enterprise payments.
One Setup Replaces a Stack of Payment Providers
The Polygon Open Money Stack lets businesses accept payments via credit cards, bank accounts, or exchange balances — all within one platform. Before this, companies had to work with separate providers for each piece: one for stablecoin issuance, one for fiat conversion, one for compliance. Now it works through a single integration, Crypto Times noted.
Existing Polygon users get PYUSD access without changing their current setup. That means networks already processing Polygon-based payments can add the stablecoin with no new infrastructure, according to Yahoo Finance. Use cases include payroll, marketplace settlements, and remittance services that need fast, low-cost international transfers.
Paxos OCC Charter Makes PYUSD a Regulated Bet
PYUSD is issued by Paxos Trust Company under a national trust charter supervised by the U.S. Office of the Comptroller of the Currency, known as the OCC. That federal oversight is a key selling point. Paxos Chief Revenue Officer Peter Jonas said the move places "a federally regulated, dollar-backed stablecoin on one of the most active networks for stablecoin payments," as reported by CryptoProwl.
The regulatory angle matters because businesses moving money across borders face strict compliance rules. Having a stablecoin backed by a federally chartered issuer lowers legal risk for companies that might otherwise avoid crypto rails altogether, Crypto Briefing reported.
GENIUS Act Deadline Adds Urgency to the Rollout
The launch lands as Washington pushes toward a key regulatory milestone. The GENIUS Act — a bill setting rules for compliant stablecoins — carries a July 18 deadline, according to Yahoo Finance. That timeline is pushing issuers to show they meet federal standards before the deadline hits.
The broader stablecoin market is crowded. Tether and Circle's USDC are the dominant players. PayPal is betting that regulatory credibility and ease of integration through Polygon's stack can carve out a meaningful share, particularly with enterprise clients who need compliance built in from the start, Crypto Briefing noted.
Revolut and Stripe Already Using Polygon's Infrastructure
Polygon is not a newcomer to big-name partnerships. Revolut and Stripe are already using Polygon's infrastructure for stablecoin-related services, CryptoProwl reported. That existing footprint gives PYUSD an immediate audience of platforms that already trust the network.
For PayPal, the Polygon expansion builds on a multi-chain strategy. PYUSD was previously available on Ethereum and Solana. Adding Polygon — with its $3 billion in daily stablecoin volume — extends reach to one of the most active settlement networks in the crypto ecosystem, according to Crypto News.
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