PayPal has expanded the reach of its dollar-pegged stablecoin PYUSD by launching native support on the Polygon network, aiming to strengthen its global digital payments infrastructure.
The payments giant announced that PYUSD will now be issued natively on Polygon. The integration is designed to help businesses process cross-border payments faster and at lower cost while improving the efficiency of digital payment operations.
Polygon strengthens its stablecoin ecosystem
Polygon Labs CEO Marc Boiron said a stablecoin is only as valuable as its real-world utility. By integrating PYUSD directly into Polygon's infrastructure, businesses will be able to accept payments, send cross-border transfers, and convert digital assets into fiat within a compliant framework through a unified system.
Having processed more than 2.6 trillion dollars in stablecoin transaction volume, Polygon has become one of the leading blockchain networks for global financial applications, with companies such as Revolut and Stripe already building on the network. With PYUSD, which is issued by Paxos and has a circulating supply of around 3 billion dollars, PayPal aims to strengthen its position in the competitive stablecoin market and expand institutional adoption of its digital payment ecosystem.
