PayPal has expanded its PYUSD stablecoin issuance to the Polygon blockchain, allowing PYUSD to be issued natively rather than bridged. This reduces security risks and leverages Polygon's faster and cheaper network, enhancing enterprise payment processing. PYUSD, backed by US dollar deposits and short-term Treasuries, is now available on about 17 networks, with a market cap of $2.7 billion as of July 2026. This move complements PayPal’s global rollout of PYUSD to 70 markets earlier in 2026, focusing on building robust payment infrastructure.
PayPal's stablecoin PYUSD is now issued natively on the Polygon blockchain through a partnership with Paxos, enabling streamlined business transactions. This integration allows companies to use PYUSD within Polygon's Open Money Stack, which combines ...
Polygon's layer-2 network reached a new high of 7.5 million weekly transactions in Q2 2026, totaling 743 million for the quarter—a 160% increase year-over-year. This surge is supported by infrastructure upgrades like Heimdall v2 and Bhilai hard fork,...
