PayPal’s stablecoin ambitions just got a new address. On July 9, 2026, the company announced that PYUSD is now issued natively on the Polygon blockchain, with Paxos Trust Company handling the issuance. The stablecoin is also integrating with Polygon’s Open Money Stack, a toolkit designed to give businesses compliant fiat on-ramps, off-ramps, and stablecoin infrastructure without having to build everything from scratch.
In plain terms: companies that want to move money on Polygon can now use PYUSD as a native asset rather than a bridged one.
Why native issuance is the point
Bridged assets carry extra risk. When a token is bridged from one chain to another, it depends on the security of the bridge itself, which has historically been one of crypto’s most exploited attack surfaces. Native issuance sidesteps that problem entirely. PYUSD minted directly on Polygon is a first-class citizen of that network, not a representation of something sitting on Ethereum.
Speed and cost are the obvious draws. Polygon’s network is substantially faster and cheaper than Ethereum’s base layer, which matters when you are processing enterprise payment volumes rather than occasional retail transactions.
