Payment giant PayPal has made a strategic move by deploying its own stablecoin PYUSD on the Polygon network. This decision marks a shift toward native issuance on one of the most active Layer 2 (L2) blockchains in the Ethereum ecosystem.
The choice of Polygon is no coincidence: according to my data, over $2.6 trillion in "stablecoins" has already been processed through this network. Such statistics make Polygon a key hub for stablecoin settlements, which is critical for PayPal as it seeks to integrate digital currencies into traditional financial flows. Native issuance of PYUSD on Polygon will allow businesses to significantly speed up and reduce the cost of international transactions via the Open Money Stack platform.
It is important to note that Polygon has already established itself as a reliable infrastructure for major players: it is used by giants such as Revolut and Stripe. This confirms the trend of corporate stablecoins migrating to networks with high throughput and low fees.
My expert commentary: The integration of PYUSD into Polygon is not just a technical update, but a signal to the market. PayPal is demonstrating that it sees the future of digital payments precisely in L2 solutions. For PYUSD holders, this means faster and cheaper transfers, and for Polygon, it is yet another confirmation of its status as the main network for institutional stablecoins. The next logical step could be support for cross-chain bridges, which would further enhance the asset's liquidity.