Wu Says learned that Paxos announced that PayPal USD (PYUSD) has been natively issued on the Polygon chain and is being offered to the market through Polygon's "Open Money Stack." This move aims to provide institutions and enterprises with a federally regulated on-chain dollar settlement solution, covering deposit, withdrawal, and compliance functions. The Polygon chain currently has an average daily stablecoin settlement volume of over $2.5 billion, with a total settlement volume exceeding $2.6 trillion. PYUSD is issued by Paxos, a national trust charter institution regulated by the U.S. Office of the Comptroller of the Currency (OCC).

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BridgeAnxiety
· 13h ago
2.5 billion average daily settlement volume, 2.6 trillion total volume—Polygon’s data is definitely impressive. It’s not without reason that PYUSD chose this chain.
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StakingDaydreamer
· 14h ago
PayPal's move is clever, with Polygon's settlement volume evident—PYUSD has found its main battlefield.
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0xLateAgain
· 14h ago
Wait, hasn't PYUSD always been on Ethereum? Now with multi-chain layout, is PayPal trying to grab a piece of the cross-border payment pie?
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LiquidityLibrarian
· 14h ago
OCC regulatory endorsement + native on Polygon chain, institutions get both compliance and efficiency they need. The stablecoin track is getting increasingly competitive.
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