Payment giant PayPal has officially launched its stablecoin PYUSD on the Polygon network. This strategic decision marks a significant step in integrating digital assets into traditional financial flows. Now, the native issuance of PYUSD on Polygon enables businesses to conduct international settlements using the Open Money Stack — faster, cheaper, and without intermediaries.
Why Polygon?
The choice of Polygon is no coincidence. According to internal analytics, over $2.6 trillion in stablecoin payments have already passed through this network. It is one of the most active blockchains for stablecoins, as evidenced by its popularity among major players such as Revolut and Stripe. Polygon's low fees and high throughput make it an ideal platform for scaling PYUSD settlements.
What does this mean for the market?
PayPal, as one of the world's largest payment operators, has long signaled its commitment to cryptocurrencies. With the launch of PYUSD on Polygon, the company is not just expanding the functionality of its stablecoin but also building a bridge between traditional fiat systems and decentralized finance. For businesses, this means lower costs for cross-border transfers and transaction speeds reduced to just a few seconds.
Expert perspective
From my point of view, this event is not merely a technical upgrade but a signal that institutional giants are beginning to view Layer-2 solutions as a full-fledged infrastructure for mass payments. If PayPal continues integrating with other networks, we may witness stablecoins transitioning from a niche tool to a standard for global commerce. Polygon, with its growing ecosystem, is becoming a key testing ground for this experiment.