Payment giant PayPal has officially launched its stablecoin PYUSD on the Polygon network. This strategic decision marks the expansion of the infrastructure of one of the largest fiat gateways into the crypto world and opens up new opportunities for international B2B settlements.
Native Issuance and Open Money Stack
Now PYUSD will be issued directly within the Polygon ecosystem. According to my data, this step allows businesses to conduct cross-border transactions faster and with minimal fees. PayPal is integrating the stablecoin into its Open Money Stack service, making it accessible to corporate clients seeking cheap and instant transfers.
Why Polygon?
The choice of Polygon is no coincidence. The network has already processed over $2.6 trillion in stablecoins — a colossal volume that confirms its liquidity and reliability. Moreover, Polygon is actively used by giants such as Revolut and Stripe, creating an additional network effect. For PayPal, this is not just a technical integration but an entry into an already established DeFi and payments ecosystem.
Analytical Perspective
This event intensifies competition among stablecoins, but more importantly, it legitimizes Polygon as a corporate payment layer. I expect that in the coming quarters, we will see a sharp increase in PYUSD volumes on Polygon, especially in the segment of cross-jurisdictional settlements. For the market, this is a positive signal: PayPal continues to pave the way between traditional finance and blockchain, and Polygon is becoming a key link in this chain.