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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting the accelerating adoption of blockchain technology by financial institutions, PayPal announced the native issuance of its PYUSD stablecoin on the Polygon network to enhance transaction efficiency. The stablecoin will be available via Polygon's Open Money Stack, facilitating business access to compliance and fiat conversion services. According to reports, the total supply of PYUSD, issued by Paxos, is currently close to $3 billion.
This expansion comes amid intensifying competition in the stablecoin market, as PayPal seeks to capture market share from rivals like Circle (USDC) and Tether (USDT). Per market data, integrating PYUSD with Polygon provides a competitive edge in processing speed and lower costs compared to the Ethereum network. This step is part of PayPal's broader strategy to embed digital assets into its global payments ecosystem.
Regarding financial performance, PYPL stock stood at $44.53 (at close July 08, 2026), with the share trading between a day low of $43.73 and a high of $45.28 during that session. Investors are closely monitoring how crypto services contribute to revenue growth, especially as markets digest key economic data such as the US ISM Services PMI, which recently posted a reading of 54.