PayPal USD officially launches Polygon chain

According to Twitter, Paxos announced that PayPal USD (PYUSD) is officially distributed natively on the Polygon chain and provides services to the market through Polygon's Open Money Stack (Open Money Stack). The move aims to provide institutions and enterprises with an on-chain dollar settlement solution under federal supervision, covering deposit, withdrawal and compliance functions.

The Polygon chain currently has an average daily stablecoin settlement amount of more than 2.5 billion US dollars, and the total settlement amount exceeds 2.6 trillion US dollars. PYUSD is issued by Paxos, a national trust licensing agency under the supervision of the US Monetary Commission (OCC).

This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)