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PayPal’s Stablecoin Lands on Polygon With Built-In Compliance and Fiat Access
What happened
PayPal’s US dollar-backed stablecoin, PYUSD, has launched on the Polygon blockchain through a native issuance by Paxos. The latest move allows businesses to use the token for cross-border payments through Polygon’s Open Money Stack. Companies already processing payments on.
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Deposits have remained available throughout the incident and were not affected, the company noted.