Woofun AI reports that Paxos has officially issued PayPal USD (PYUSD) natively on the Polygon chain, utilizing the Polygon "Open Money Stack" to deliver market services. This integration provides federally regulated on-chain dollar settlement solutions for institutions and businesses, encompassing deposit, withdrawal, and compliance functions.

PYUSD is issued by Paxos, a national trust chartered institution under the supervision of the Office of the Comptroller of the Currency (OCC). The Polygon network currently processes a daily average stablecoin settlement volume exceeding $2.5 billion, with cumulative settlements surpassing $2.6 trillion.