Polygon Miden Releases New Version of Miden VM with Improved Performance
Polygon Miden Releases New Version of Miden VM with Improved Performance
The team behind Polygon Miden has released a new version of Miden VM (v0.7) with various new features that improve VM performance by 30%. One of the new features is a variation of Falcon signature verification called Falcon512, which is more efficient and secure. Falcon512 signatures use RPO256 instead of SHAKE256, making them easier to verify in Miden VM.
This month, the team behind Polygon Miden released a new version of Miden VM (v0.7). This latest version includes a variety of new features, the sum of which improved VM performance by 30%. Among those new features is a variation of Falcon signature verification, a key building
One of the most exciting things in this release are the two additions to Miden stdlib: - Compact Sparse Merkle trees with 256-bit keys. - Falcon signature verification. Both of these are the key building blocks for the Miden rollup.
PayPal USD Launches Natively on Polygon Chain
PayPal USD (PYUSD), an OCC-regulated stablecoin issued by Paxos, is now available natively on Polygon Chain and integrated into the Open Money Stack. **Key Details:** - PYUSD enables cross-border payments with fast, low-cost transactions on Polygon's infrastructure - The integration provides unified access to payins/payouts, wallets, and cross-chain orchestration - Polygon processes over $2.5 billion in daily stablecoin volume and recorded 198 million stablecoin transactions in May - Use cases include international transfers, onchain payments, and B2B transactions The launch positions PYUSD within Polygon's growing payments ecosystem, which recently saw Credible surpass $152M in payment volume across multiple countries. [Read the full announcement](https://polygon.technology/blog/paypal-usd-lands-on-polygon-chain-enabling-regulated-onchain-dollars-to-move-across-borders-in-one-integration)
EVEDEX Launches on Polygon with 24/7 Trading
**EVEDEX has officially launched on Polygon**, bringing continuous trading capabilities to the network. The platform offers: - Perpetual futures (perps) - Real-world assets (RWAs) - Commodities All assets are **tradable 24/7** with settlement occurring on sub-cent transaction rails, making trading more cost-effective for users. This launch expands Polygon's DeFi ecosystem by adding a multi-asset trading venue with low-cost settlement infrastructure.
Polygon Releases Playbook: How Stablecoins Cut Marketplace Payout Costs
Polygon has published a playbook addressing a structural problem in marketplace and gig platform economics: **traditional payment rails cost platforms money on every payout**. The issue stems from legacy banking infrastructure designed for bank-to-bank transfers, not for platforms distributing payments to thousands of individual sellers or workers. **Key points:** - Current payment systems create losses for platforms at scale - Stablecoins offer an alternative payment rail - The playbook outlines implementation strategies for platforms This follows recent data from Circle showing corporate finance teams increasingly adopting stablecoins for: - Creator and contractor payouts - Supplier settlements - Cross-border B2B transactions The shift represents a practical response to cost and efficiency limitations in traditional payment infrastructure. [Read the full playbook](https://info.polygon.technology/the-marketplace-stablecoin-playbook?utm_source=ABM&utm_medium=Organic_social&utm_campaign=marketplace_playbook&utm_content=X)
馃敀 Private Chains
Polygon CDK now enables organizations to build **private blockchains** customized to their specific requirements while keeping transaction data within their own infrastructure. Key features: - Full control over blockchain configuration - Transaction data remains internal - Native access to Open Money Stack for payments and liquidity - Suitable for tokenized deposits, settlement, and stablecoin infrastructure This solution bridges the gap between privacy requirements and blockchain connectivity, allowing institutions to maintain data sovereignty while accessing broader ecosystem tools.
Credible Processes $152M in Cross-Border Payments on Polygon
**Credible**, a global payments platform, has surpassed **$152 million in total payment volume** on Polygon's blockchain network. The platform facilitates cross-border transactions between multiple countries, including: - United States - India - Brazil - Germany - Dozens of other international corridors Credible selected Polygon for its payment infrastructure due to the network's ability to handle transactions at the speed required by global businesses. All settlements are processed on-chain through Polygon. Read more: [Credible races past $152M total payments volume on Polygon](https://polygon.technology/blog/credible-races-past-152m-total-payments-volume-on-polygon)