Polygon

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 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**, 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 (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 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.

**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.

The Open Money Stack has released a crosschain orchestrator that enables users to execute complex, multi-step transactions across different blockchains in a single action. **Key features include:** - Composable flows that execute multiple steps through one intent - No approval transactions required for major stablecoins (USDC, USDT, DAI) - Integrated fiat onramps supporting credit cards and Apple Pay - Direct routing of deposits from Coinbase, Binance, and Kraken into transactions - Support for 18 mainnet chains, with Solana currently in testing The orchestrator simplifies crosschain DeFi interactions by removing the need for separate approval steps and allowing users to move seamlessly between different networks and protocols.

**Modern Treasury has integrated with Polygon** to support stablecoin payments through the Open Money Stack, a unified platform designed to simplify global money movement. **Key developments:** - Modern Treasury now supports Polygon Chain as a native payment rail within their API - The integration addresses the complexity of cross-border payments, which typically require 7+ different APIs - The Open Money Stack consolidates payments, stablecoins, wallets, on/off ramps, tokenization, and compliance into one modular system **Why it matters:** Moving money across borders has traditionally been fragmented and complex. By bringing Modern Treasury into the Open Money Stack, Polygon aims to make global money transfers as straightforward as moving data, with settlement happening on Polygon's network. The platform promises fast settlement, low costs, and global reach for real-world finance applications. [Read the full announcement]([https://polygon.technology/blog/modern-treasury-integrates-on-polygon-to-support-stablecoin-payments](https://polygon.technology/blog/modern-treasury-integrates-on-polygon-to-support-stablecoin-payments))

**Key Developments This Week:** - **MoonPay** launched zero-fee stablecoin onramps for AI agents - **Polymarket** expanded into traditional asset markets using Pyth Network price feeds - **Mayan** has processed over $300M in cross-chain volume on Polygon to date - **TokenPocket** now supports zero-gas USDC transfers **Infrastructure Updates:** Polygon introduced a **private mempool** to improve transaction privacy and reduce MEV extraction. Polygon Labs also joined the x402 foundation under the Linux Foundation. **New Launches:** - Surf Liquid: stablecoin savings vaults - Rise Pay: onchain payroll solution - Euclid Protocol and Pagga both deployed on Polygon - BlockOps: bringing African financial infrastructure onchain These updates build on last month's Lisovo upgrade, which brought $1M in subsidized gas for agent payments and improved smart contract compatibility. Polygon continues expanding its stablecoin ecosystem, which recently hit a record $3.28B in supply.

Polygon has released official documentation for its **Agent CLI**, a new tool for building agentic payment systems. **Key Details:** - Documentation now available at [Polygon's payment services docs](https://docs.polygon.technology/payment-services/agentic-payments/polygon-agent-cli/) - GitHub repository accessible for developers to start building - Part of Polygon's broader payment services infrastructure The Agent CLI enables developers to integrate autonomous payment capabilities into their applications. The tool appears designed to facilitate programmatic transactions and payment automation within the Polygon ecosystem. Developers can now access both the technical documentation and source code to begin implementation.