Paxos, the OCC-regulated issuer of PYUSD, said the stablecoin will now settle directly on Polygon rather than moving there as a bridged token. According to The Defiant, paxos, the occ-regulated issuer of pyusd, said the stablecoin will now settle directly on polygon rather than moving there as a bridged token.. The development comes amid ongoing regulatory scrutiny in the sector. The Defiant reports that this marks a significant milestone for the industry. The The Defiant report provides additional context on the implications for market participants and regulatory frameworks moving forward.
