Polygon Networks Proposes Independent Community Treasury Board
Polygon Networks Proposes Independent Community Treasury Board
馃攽 Polygon's Bold Move
Polygon, a leading platform for Ethereum scaling and ZK innovation, has announced plans to establish an independent Community Treasury Board. This board would oversee the distribution of grant funds, fostering growth and development within the Polygon ecosystem. The proposed move aims to promote transparency and community involvement in the allocation of resources for projects and initiatives aligned with Polygon's vision.
Growth vehicle activated for the Polygon networks: A proposed independent Community Treasury Board to oversee grant fund distributions. read more 馃憞
Today, the stage is set for the Polygon Community Treasury, a unique vehicle of growth around Polygon networks. Introducing a proposed, initial governance framework, alongside an independent Community Treasury Board (CTB) to oversee the treasury. More 馃憞
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, offering round-the-clock trading capabilities. **Key Features:** - Perpetual futures (perps) trading - Real-world assets (RWAs) - Commodities markets - 24/7 availability - Settlement on sub-cent transaction rails The platform leverages Polygon's infrastructure to enable cost-effective trading across multiple asset classes with minimal settlement fees.
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)
Open USD Stablecoin Expands to Polygon Network
Open USD (OUSD), a stablecoin backed by over 140 companies including Visa, Stripe, Mastercard, American Express, and BlackRock, is expanding to Polygon. **Key Features:** - Zero-fee minting and redemptions for enterprises - Returns reserve yield (net of management fees) to distribution partners - Designed as shared infrastructure for internet-scale payments The expansion to Polygon aims to enable more businesses to build on blockchain infrastructure at scale.
Stripe Processes Over $100M in USDC Transfers on Polygon
Stripe has successfully processed more than $100 million in peer-to-peer USDC transfers on the Polygon network, demonstrating the viability of stablecoin payments at scale. **Key Points:** - Real-world payment infrastructure operating on open blockchain rails - Builds on Stripe's earlier integration of USDC checkout across 3M+ merchants - Polygon selected as settlement layer for its ability to handle enterprise-scale transaction volumes This milestone represents a significant step in mainstream adoption of blockchain-based payment systems.