PYUSD now settles billions daily on Polygon, Sandeep Nailwal notes

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PYUSD now settles billions daily on Polygon, Sandeep Nailwal notes — PayPal PYUSD debuts on Polygon

Sandeep Nailwal, CEO at Polygon Foundation, announced that PayPal's PYUSD stablecoin is now issued natively on Polygon through Paxos. This move brings one of the biggest payment companies into direct on-chain stablecoin activity, with billions already settled in stablecoins daily on the network. Teams will soon be able to move PYUSD using Polygon's Open Money platform.

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Nailwal has previously urged followers not to underestimate Polygon, hinting at greater recognition for the network. He also highlighted the platform's deflationary status, with 107 million POL burned in 2026 and leading May volume at 198 million transactions. These milestones precede today's stablecoin integration.

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