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Wu reports that Paxos has announced that PayPal USD (PYUSD) is officially natively issued on the Polygon chain and will provide services to the market through Polygon’s “Open Money Stack.” The move is intended to offer institutions and enterprises an on-chain dollar settlement solution under federal regulation, covering deposit, withdrawal, and compliance functionality. The Polygon chain currently handles more than $2.5 billion in daily stablecoin settlement volume, with total settlement volume exceeding $2.6 trillion. PYUSD is issued by Paxos, a national trust charter institution regulated by the Office of the Comptroller of the Currency (OCC).