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Polygon has upgraded its canonical PoS USDT to **USDT0**, powered by LayerZero's OFT standard and backed 1:1 by USDT on Ethereum. **Key Features:** - Over $1.3B in USDT liquidity now accessible - 6M+ wallets integrated into the USDT0 ecosystem - Instant settlement with fewer intermediaries - Multihop capability across chains including Unichain, Hyperliquid, and Flare in a single transaction **Additional Development:** Polygon also launched **XAUt0**, an omnichain version of Tether Gold, enabling native gold-backed liquidity for DeFi protocols. This integration eliminates the need for wrapped tokens or traditional bridges, enabling frictionless liquidity for DeFi, P2P payments, and asset-backed finance across multiple chains.

Polygon is positioning itself as infrastructure for global payroll by partnering with Toku to enable stablecoin-based payments across 100+ countries. **How it works:** - Companies fund payroll in stablecoins on Polygon - Polygon provides the onchain settlement layer - Toku handles compliance, tax reporting, and employee payouts - Integration with existing HR systems like ADP, Workday, and Gusto The solution addresses friction in the $50 trillion global payroll market, which remains constrained by legacy banking infrastructure. Traditional cross-border payments involve bank fees, delays, and compliance complexity. With blockchain rails, employers can pay thousands of employees in seconds from a single wallet, eliminating intermediary costs and settlement delays. The system maintains compliance requirements while operating onchain. Polygon frames this as part of a broader vision to become "the payments solution for all payments solutions" - positioning the network as open, interoperable infrastructure for global money movement.

Polygon has designed its Open Money Stack as a unified API to streamline how companies move money onchain. **Key Benefits:** - Simplifies the technical complexity of blockchain transactions - Lowers barriers for businesses adopting onchain payments - Addresses real-world financial connectivity challenges Polygon Labs CPO John Egan emphasized that the platform aims to make financial connectivity accessible globally, drawing from personal experiences with cross-border payment difficulties.

**Indian institutions are moving critical records to Polygon blockchain** - **BBD University** in Lucknow digitized degrees, ID cards, and certificates - cutting verification errors in half and eliminating fraud - **Three cities** (Amravati, Solapur, Kalyan-Dombivali) moved citizen documents onchain - birth records, permits, tax docs now verify in minutes vs months - **Maharashtra forensic labs** replaced paper trails with blockchain evidence tracking - creating tamper-proof chain of custody - **Festivals and conferences** switched from weeks-long printing processes to instant QR verification The shift creates **transparent, auditable government records** while dramatically reducing costs and processing times.

**Polymarket has officially relaunched** its application for US users, marking a significant return to the American prediction market space. The platform's comeback follows its earlier acquisition of derivatives exchange QCEX in July, which positioned the company for re-entry into the regulated US market. - **Direct access restored** for American users to trade on prediction markets - **Regulatory compliance** achieved through strategic acquisition approach - **Market expansion** signals growing acceptance of prediction market platforms This development represents a major milestone for decentralized prediction markets in the United States, where regulatory clarity has been a persistent challenge for crypto-based platforms.