PayPal’s PYUSD launches natively on Polygon, highlighting a stablecoin market split between shared dollar networks like Open USD and proprietary issuer-led models.
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BitPay has integrated PayPal USD (PYUSD), a stablecoin issued by Paxos Trust Company, into its payment offerings.
Shulga anticipates a transformative shift with PayPal’s entry, suggesting that the tech giant’s endorsement could reshape perceptions and enhance acceptability among both consumers and regulators.