PayPal Expands Partnership with Polygon, Launches PYUSD Natively on Network

Chainthink

Release Time:

POL

$0.07631.19%

Summary

On July 9, PayPal announced that its stablecoin PYUSD will be natively issued on the Polygon network, utilizing a network upgrade to improve cross-border payment efficiency. The integration with Polygon’s Open Money Stack is designed to streamline on-chain data and transaction processing for businesses. Total stablecoin settlement volume on the network has exceeded $2.6 trillion, with Revolut and Stripe already utilizing the platform.

ChainThink reports that on July 9, PayPal announced that the PYUSD stablecoin will be natively issued on the Polygon network and integrated with Polygon’s Open Money Stack to enhance the convenience of cross-border payment settlements for businesses.

It has been disclosed that the total stablecoin settlement volume on the Polygon network has exceeded $2.6 trillion, and both Revolut and Stripe are currently using this network.

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