Visa Adds Polygon to Global Stablecoin Settlement Program
Visa Adds Polygon to Global Stablecoin Settlement Program
đź’ł Visa goes onchain
Major Payment Infrastructure Developments
- Visa integrated Polygon into its global stablecoin settlement program
- Meta launched USDC creator payouts on Polygon, expanding to 160+ markets
- Modern Treasury added Polygon as a native payments rail in its API
Ecosystem Growth
Polygon's stablecoin supply reached $4.3B in April, marking a 13.33% month-over-month increase. The network continues attracting payment-focused applications:
- Coca Wallet shipped major updates including bank accounts and instant APY
- SKALE Network deployed Portal 5.1 with 1-click crosschain bridging
- Prophet Market AI launched V1 with AI prediction markets
Technical Updates
Trails v1.5 introduced composable actions on crosschain orchestration for the Open Money Stack, enhancing interoperability across the ecosystem.
These integrations position Polygon as infrastructure for mainstream payment applications, with traditional finance companies and social platforms choosing the network for stablecoin settlement.
Here's what you missed this week on Polygon â– @moonpay launches zero-fee stablecoin onramps for agents â– @Polymarket launches traditional asset markets with @PythNetwork â– @Surf_Liquid launches stablecoin savings vaults â– @rise_pay brings payroll onchain with Polygon â–
Users can now swap between global currencies onchain at a lower all-in cost than traditional cross-border rails or provide liquidity + earn rewards with top non-USD stablecoin issuers. Pools are deployed on Curve’s Polygon liquidity infrastructure with transparent pricing,
What you missed on Polygon: â– @tetherwallet enables support for USDT + XAUT on Polygon â– @Etherfuse x @Bitso x @CapaFi enable Mexican peso yield on Polygon â– @WalletConnect reports on stablecoin payment insights on Polygon, with $400B+ moved via WalletConnect â– @Tangem
We launched a suite of onchain FX liquidity pools with @fraxfinance, @CurveFinance, and @DFB_DeFi. Six global stablecoin pairs live on Polygon with frxUSD as the base dollar pairing. The world's currencies are moving onchain, with deep liquidity built for cross-border payments.
A quick list of what you missed on Polygon last week: â– @fraxfinance launches onchain FX markets on Polygon with @CurveFinance + @DFB_DeFi â– @TokenPocket_TP extends zero-gas transfers to USDT + DAI on Polygon â– @orbitals_gg lanches international stablecoin dex pools â–
Polygon x Frax x Curve x DFB Read more on the integration: polygon.technology/blog/polygon-l…
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.