Overview
PYUSD is paypal’s dollar stablecoin issued by paxos under OCC-supervised national trust charter (~$3B supply as of July 2026).
Recent Developments
- 2026-07-09: Native issuance on polygon via open-money-stack—single integration for regulated cross-border flows (2026-07-10-paypal-pyusd-native-polygon-issuance)
- Trails USDT/USDC market cap but emphasizes federal regulatory oversight for enterprise use