Polygon Surpasses Decade of Global Movie Ticket Sales in Stablecoin Settlement

Polygon reached a milestone of **7 billion lifetime transactions** as its payment infrastructure continues to expand with new integrations. **Key developments:** - Tether Wallet added support for USDT and XAUT on Polygon - WalletConnect reported over **$400 billion** moved through its platform on Polygon - Tangem and MoonPay expanded their payment capabilities on the network - Binance supported the Giugliano upgrade, which brings faster finality and higher throughput - **Polygon Labs launched sPOL**, a native liquid staking token The week also saw Mexican peso yield products go live through Etherfuse, Bitso, and CapaFi, while BitgetWallet highlighted QR payments, bank transfers, and mobile top-ups powered by Polygon. These integrations build on recent launches including onchain FX markets with Frax and Curve, zero-gas transfers for stablecoins, and various payment applications choosing Polygon for their infrastructure.

**Polygon's Response to rsETH Incident** Polygon's infrastructure remains secure following the rsETH exploit. The team confirms: - Polygon Chain, Agglayer, Katana, and Vaultbridge are **completely unaffected** - Over **$2 trillion** has been safely processed to date - Active monitoring continues as the situation develops **Gearbox Protocol Takes Precautionary Measures** Gearbox curators report no direct rsETH exposure, with the protocol operating normally. As a precaution: - New rsETH exposure creation has been **restricted** - Borrowing against tETH and DETH temporarily **paused** - Limited indirect exposure through Balancer v3 LP tokens poses **no risk to lenders** - Loan-to-value ratios ensure solvency even in adverse scenarios Both teams are closely monitoring developments and maintaining operational security.

Mastercard has officially launched its **Crypto Partner Program** to advance onchain payments, with **Polygon** as a key participant. The program builds on Mastercard's **Crypto Credential** system, which replaces complex 42-character wallet addresses with simple, verified usernames for self-custody transfers. Polygon served as the first network for this initiative. **Key features:** - Users onboard once and receive a verified username - Wallets link directly to credentials - Assets transfer instantly without copying hex strings - [Mercuryo](https://mercuryo.io) handles user verification and credential issuance Polygon was selected as the default launch chain due to its **low-cost infrastructure** designed for speed, reliability, and scalability—essential qualities for global payment systems. This partnership represents a significant step toward making blockchain-based payments accessible to mainstream users by removing technical barriers.

Polygon has introduced a **"stablecoin sandwich" architecture** that enables cross-border payments without end users directly handling stablecoins. **How it works:** - Sender initiates payment in their local currency (e.g., dollars) - Stablecoins facilitate the transfer in the background - Recipient receives funds in their local currency (e.g., pesos) - Neither party needs to interact with or understand stablecoins This approach abstracts away the complexity of blockchain technology while leveraging stablecoins' efficiency for international money movement. The architecture builds on Polygon's existing infrastructure for payments, remittances, and settlement. Read more: [What is a Stablecoin Sandwich](https://polygon.technology/blog/what-is-a-stablecoin-sandwich)