PayPal stablecoin PYUSD is natively issued on Polygon Chain

Polygon Labs announced that PayPal USD (PYUSD) will be natively issued by Paxos on the Polygon blockchain and integrated with the Polygon Open Currency Stack (OMS), allowing enterprises to achieve regulated USD cross-border circulation through a single integration. PYUSD is issued by Paxos under the supervision of the Office of the Superintendent of the Currency (OCC) in the United States. The daily settlement volume of Polygon Chain's stablecoins exceeds 2.5 billion US dollars, and the cumulative settlement scale has exceeded 2.6 trillion US dollars. Enterprises can directly use PYUSD through existing wallets, fiat currency channels, and compliance tools, with application scenarios covering cross-border salary payments, overseas seller settlements, and emerging market remittances.