PYUSD issued natively on Polygon; bridged tokens removed

Paxos Trust Company has begun minting PayPal’s PYUSD stablecoin directly on the Polygon network, removing the bridged token versions that businesses previously used on Polygon. The change gives firms access to an OCC-supervised, dollar-backed stablecoin within Polygon’s payments infrastructure.

Paxos will issue PYUSD on Polygon the same way it does on Ethereum and Solana, maintaining identical reserve backing across the three chains. Native issuance removes reliance on third-party bridge contracts and the extra smart-contract and custody exposures associated with bridged tokens.

The Polygon integration links PYUSD to the Open Money Stack, a payments layer that combines digital wallets, regulated fiat on-ramps and off-ramps, compliance tools and cross-chain settlement. Companies using Polygon’s payments infrastructure can accept funds by card or bank transfer, convert receipts into PYUSD for cross-border movement, settle on-chain and cash out to local currency through the same integration.

Marc Boiron, CEO of Polygon Labs, described the integration as enabling a business to “take money in, move it across borders, and cash it out in one integration, with compliance built in.” Paxos chief revenue officer Peter Jonas called native Polygon issuance a way to place “a federally regulated, dollar-backed stablecoin on one of the most active networks for stablecoin payments.”

Polygon is used for payment-oriented flows by firms including Revolut and Stripe. The network processes roughly $2.5 billion to $3 billion in stablecoin volume daily and has settled more than $2.6 trillion in total stablecoin transactions to date. PYUSD processed $2.42 billion in stablecoin volume in June 2026 and ranked third among stablecoins by monthly volume.

Before native issuance, companies on Polygon relied on bridged PYUSD that depended on bridge contracts and wrapping steps. PYUSD minted on Polygon by Paxos is redeemable 1:1 and falls under Paxos’s national trust charter supervision by the Office of the Comptroller of the Currency.

For businesses already operating on Polygon, the update reduces the need to coordinate multiple providers for issuance, compliance and fiat conversion by allowing the same tools used for regulated stablecoin settlements to handle PYUSD directly. PayPal has been expanding PYUSD distribution after a supply contraction in Q2 2026 from $4.2 billion; the Polygon rollout is one element of wider market expansions and payments integrations.