PayPal Expands PYUSD to Polygons $2.6T Stablecoin Settlement Network

CryptoProwl

Thu, July 9, 2026 astatine 9:49 AM CDT 2 min read

PayPal (NASDAQ: $PYPL) is expanding the scope of PayPal USD (CRYPTO: $PYUSD) by bringing the stablecoin natively to Polygon (CRYPTOP: $MATIC), adding a outgo obstruction for businesses moving regulated dollars crossed borders.

PYUSD is present issued connected Polygon done Paxos and disposable done the network's Open Money Stack. Businesses already processing payments connected Polygon tin entree the token done the aforesaid wallets, ramps and compliance tools they usage today.

Polygon said the setup allows companies to judge funds from a card, slope relationship oregon speech balance, determination PYUSD crossed borders and currency retired into section currency done a azygous integration. The web settles much than $2.5 cardinal successful stablecoin measurement each time and has processed much than $2.6 trillion successful full stablecoin volume.

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"A stablecoin is lone arsenic utile arsenic the places it tin spell and what it tin bash erstwhile it gets there," Polygon Labs CEO Marc Boiron said. He added that autochthonal PYUSD enactment allows businesses to instrumentality wealth in, determination it globally and currency retired with compliance built into the aforesaid integration.

The rollout adds different organisation transmission for a stablecoin PayPal has been pushing deeper into its payments network. PYUSD was expanded to users crossed 70 markets earlier this year, giving the dollar-backed token a broader way into user and concern outgo flows.

Paxos issues PYUSD nether a nationalist spot charter supervised by the Office of the Comptroller of the Currency. Paxos Chief Revenue Officer Peter Jonas said bringing the stablecoin natively to Polygon places a federally regulated dollar token connected 1 of the astir progressive networks for stablecoin payments.

For PayPal, the enlargement extends PYUSD beyond wallet entree and into infrastructure businesses already usage for payroll, marketplace settlement, remittances and cross-border payouts.

Polygon present gives PayPal different way to enactment PYUSD into progressive outgo flows alternatively than simply expanding the fig of chains wherever the token is available.

PayPal Holdings, Inc. (NASDAQ: PYPL) banal is trading astatine $44.59 U.S. per share.