Polygon Welcomes PayPal's Regulated Dollar Token

PayPal's dollar-backed token, PYUSD, has launched natively on Polygon, a blockchain network that handles over $2.6 trillion in stablecoin transactions to date.

The move allows businesses using Polygon's payments infrastructure to access PYUSD through existing wallets, fiat ramps, and compliance tools, simplifying cross-border payouts and settlements.

Paxos issued PYUSD under a national trust charter supervised by the Office of the Comptroller of the Currency in the United States, giving it a clearer compliance framework than some offshore-issued stablecoins.

Marc Boiron, CEO of Polygon Labs, said the integration makes the token easier to use for practical money movement, while Peter Jonas, CRO of Paxos, emphasized the role of regulated issuers in bringing trusted stablecoins to businesses and institutions.