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PayPal USD officially launches on Polygon chain

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ME News, July 9 (UTC+8) — According to official sources, Paxos announced that PayPal USD (PYUSD) has been natively issued on the Polygon chain and is now available 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. Polygon chain currently processes 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 Office of the Comptroller of the Currency (OCC). (Source: ChainCatcher)
PYUSD0.04%
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