A PayPal stablecoin, PYUSD has started operating natively on the Polygon blockchain through an issuance carried out by Paxos. The integration expands the use of the digital currency in international payments and offers companies an infrastructure ready to move funds at a global scale.
With the news, businesses that already use the Polygon network can access the PYUSD directly through digital wallets, fiat-to-fiat conversion platforms, and regulatory compliance services. This eliminates complex integrations and simplifies the adoption of stablecoin payments.
The solution is part of the Open Money Stack, a Polygon platform created to bring together all stages of the financial process in a single environment. Companies can receive payments by card, bank accounts, or exchange balances, convert the amounts into PYUSD, make international transfers, and cash out in local currencies.
According to Polygon Labs, this model reduces operating costs, lowers implementation time, and replaces multiple vendors with a single integration. In practice, companies can launch payment solutions more quickly with less technical effort.
Polygon said its blockchain has already processed more than US$ 2,6 trillion in stablecoin transactions. The infrastructure is also used by major companies in the financial sector, demonstrating its capability for high-volume operations.
The integration of the PYUSD can benefit various segments of the economy. Payroll companies will be able to send salaries to professionals in different countries, while marketplaces will have a more efficient way to pay international sellers.
International remittance apps also gain an alternative to send resources to emerging markets with fewer intermediaries. For end users, this means faster transfers, fewer transaction failures, and more agile access to local currencies.
The PYUSD is issued by Paxos under a national fiduciary charter supervised by the Office of the Comptroller of the Currency (OCC). The regulatory structure seeks to offer more security for companies that want to use stablecoins in financial operations.
Commenting on the integration, Polygon Labs CEO Marc Boiron said:
“The native integration of PYUSD with the Open Money Stack means that a company can receive money, transfer it internationally, and cash it out in a single integration, with compliance already guaranteed. When a government-regulated stablecoin is available in an infrastructure that already moves money at large scale, companies stop asking whether stablecoin payments are ready and start asking what they can build with them.”
The expansion of the PYUSD on Polygon occurs during the restructuring of Polygon Labs, which began focusing its investments on stablecoin payment solutions. The strategy seeks to expand the use of these digital currencies in commercial and financial operations.
At the beginning of this year, the company announced definitive agreements to acquire Coinme and Sequence for more than US$ 250 million. The goal is to complete its infrastructure for moving money using regulated stablecoins.
With the acquisition of Coinme, Polygon also expands its presence in the United States. The deal includes money transmission licenses in 48 states, compliance infrastructure, crypto services, corporate APIs, licensed digital wallets, and a network with approximately 50 thousand points of service.
This expansion strengthens Polygon’s strategy of offering an end-to-end platform for companies that want to use stablecoins, such as PYUSD, in international payments, remittances, and settlement of operations with fiduciary currencies.