Polygon Hits 5,000 Payments Per Second as Banks and Stablecoins Flood the Network

Polygon is positioning itself as a specialized payments blockchain, securing backing from major players Meta and Visa. **Key Developments:** - Stablecoin cards processed **$381M** in combined Mastercard and Visa volume on Polygon between June-August - Multi-year collaboration with Flutterwave (processing $40B annually) to address high fees and slow settlement in emerging markets - Payment infrastructure aims to make crypto transactions as simple as credit card taps The partnerships signal a strategic shift toward real-world payment applications rather than general-purpose blockchain use cases. [Read the full Forbes piece](https://www.forbes.com/sites/boazsobrado/2026/06/21/polygon-is-just-a-payments-focused-chain-meta-and-visa-bet-on-it/)

Polygon is positioning itself as a universal solution for moving money, regardless of geographic location. According to Marc Boiron speaking to Forbes, the platform is specifically built for this singular purpose. **Key Points:** - Polygon aims to provide money movement options accessible to anyone, anywhere in the world - The platform focuses on lowering barriers to financial connectivity - Polygon's infrastructure is designed to make transferring cash from point A to point B more accessible The initiative addresses practical challenges many face when accessing and moving money across borders, with the goal of providing financial connectivity as a fundamental right rather than a privilege.

AllUnity has launched three MiCAR-compliant stablecoins on Polygon, enabling European businesses to transact in regulated digital currencies. **Key Details:** - EURAU (Euro), CHFAU (Swiss Franc), and SEKAU (Swedish Krona) now settle on Polygon - Each stablecoin is backed 1:1 by its respective fiat currency - All three comply with Europe's MiCAR regulatory framework **Background:** AllUnity is a regulated e-money institution backed by DWS Group, Flow Traders, and Galaxy. The company previously partnered with [Chainlink](https://allunity.com/news/allunity-enters-strategic-partnership-with-chainlink-to-power-cross-chain-stablecoin-payments-across-europe/) to enable cross-chain transfers across multiple networks including Arbitrum, Base, Ethereum, Optimism, Solana, and the Canton Network. This expansion brings regulated European currency options to Polygon users and businesses.

**ZisK VM has officially launched**, marking a significant milestone for Polygon Labs' zero-knowledge proving technology. The project, led by @jbaylina and the ZisK team, began as an experimental initiative within Polygon Labs with a clear mission: **make ZK proving faster, cheaper, and more practical for developers**. **Key objectives of ZisK:** - Reduce computational costs of zero-knowledge proofs - Improve proving speed and efficiency - Create a more accessible platform for builders The launch represents Polygon's continued investment in ZK technology infrastructure, following their track record with Polygon CDK and other scaling solutions. The team's focus on practical improvements to ZK proving could lower barriers for developers looking to build privacy-preserving or scalable applications. [Announcement](https://x.com/ziskvm/status/2067968182829109502)