Stripe and Polygon Launch Onchain Subscription Payments with Stablecoins
Stripe and Polygon Launch Onchain Subscription Payments with Stablecoins
💳 Subscriptions Go Onchain
Stablecoins are expanding beyond one-time payments into recurring subscriptions. Stripe has partnered with Polygon to enable onchain subscription services, marking a significant step toward mainstream crypto adoption.
Key developments:
- Stripe now supports recurring payments using stablecoins on Polygon
- Over 3 million stores can accept USDC payments through Stripe's infrastructure
- Stablecoin payments cost 1.5% vs 2.9% for traditional card payments
- Buyers pay in USDC while businesses receive fiat currency
Market impact:
- Stablecoin market reached $230B in February 2024
- Polygon's affordable infrastructure makes crypto payments more accessible
- Regulatory sentiment shifting favorably toward stablecoins
This integration positions blockchain as a cheaper, more efficient alternative to traditional payment systems, bringing crypto closer to everyday financial transactions.
Stablecoins are quietly eating payments... and now they’re coming for recurring ones. Onchain subscriptions powered by Polygon x @stripe.
You can now accept stablecoins for recurring payments with @Stripe. 🔄 Let customers use their crypto wallets to pay for subscriptions 👩💻 Manage fiat and stablecoin subscriptions together from your dashboard 🌏 Reach global customers at lower costs Here’s how it works:
TradFi Awakens: Stablecoins Spark Infrastructure Revolution at NYSE
**Traditional finance is experiencing a paradigm shift** as stablecoins prove to be more than just digital assets. **Key developments:** - Stablecoins serving as the **catalyst** for broader TradFi adoption - Financial institutions now recognizing crypto as **core infrastructure** rather than alternative investments - Live discussion from NYSE featuring industry leaders on this transformation **The bigger picture:** - Major institutions like Goldman Sachs pushing deeper into onchain finance - Regulatory frameworks evolving across regions for stablecoins and digital assets - **Growing convergence** between traditional finance and blockchain technology This shift represents a fundamental change in how established financial players view digital assets - moving from skepticism to **infrastructure integration**.
Polygon Launches Unified Telegram Channel for Community Hub
Polygon has launched a new **unified Telegram channel** to serve as a central hub for its entire ecosystem. The channel aims to connect: - Founders and developers - Content creators - Users and community members - All stakeholders in the Polygon ecosystem This consolidation effort brings **all Polygon-related discussions** under one roof, making it easier for community members to stay updated and engaged. The move reflects Polygon's commitment to **strengthening community connections** and providing a single destination for ecosystem updates, discussions, and networking. [Join the Polygon Telegram](https://t.me/PolygonHQ)
🏦 French Bank ODDO BHF Launches Euro-Backed Stablecoin EUROD
**French banking institution ODDO BHF has officially launched EUROD**, a new euro-backed stablecoin. The announcement marks another traditional financial institution's entry into the digital asset space, offering a **euro-denominated stable cryptocurrency** backed by the established bank. Key details: - EUROD provides euro stability in digital form - Backed by traditional banking infrastructure - Represents growing institutional adoption of stablecoins This launch continues the trend of **European financial institutions** creating regulated digital currency alternatives to compete with existing USD-backed stablecoins in the market.
🏆 Polygon Founder Recognition
**Sandeep Nailwal**, co-founder of Polygon, has been named in Economic Times' **40 Under Forty** list, recognizing India's top innovators and entrepreneurs. The recognition highlights Nailwal's role in elevating India's Web3 presence globally through: - **Polygon** blockchain infrastructure - **SentientAGI** artificial intelligence ventures - **BFI Impact** social initiatives Meanwhile, Polygon continues expanding payment infrastructure with **Stripe integration** for stablecoin subscriptions, making crypto payments more accessible for businesses. Nailwal previously addressed skepticism about Indian-founded blockchain projects, noting Polygon now powers thousands of dApps and attracts global brands through consistent execution. [Learn more about Polygon-Stripe stablecoin payments](https://stripe.com/blog/introducing-stablecoin-payments-for-subscriptions)