Wu Blockchain has learned that Paxos announced the native issuance of PayPal USD (PYUSD) on the Polygon chain, providing services to the market through Polygon's 'Open Money Stack.' This move aims to offer institutions and enterprises an on-chain USD settlement solution under federal regulation, covering deposit, withdrawal, and compliance functionalities. Currently, the Polygon chain processes over $2.5 billion in daily stablecoin settlements, with total settlement volume exceeding $2.6 trillion. PYUSD is issued by Paxos, a national trust chartered institution regulated by the U.S. Office of the Comptroller of the Currency (OCC). https://www.(wublock123.com)/news/news-64312