By Isaac • July 9, 2026 2:58 pm •
PayPal USD is now issued natively on Polygon.
Paxos, the regulated issuer behind PYUSD, is minting the token directly on Polygon Chain instead of leaving businesses to rely on a wrapped or bridged version. It is also being built into Polygon’s Open Money Stack, the network’s payment layer for merchants and cross-border flows.
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The Block covered the news on July 9, framing it as PayPal deepening its ties with Polygon to widen PYUSD adoption.
Native issuance is the part that matters for anyone moving real money. Removing the bridged representation takes out an extra step and an extra point of failure between the issuer and the business using the token.
NEW: @PayPal USD (PYUSD) is
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