Polygon

**Mento Protocol has launched on Polygon**, bringing its foreign exchange protocol for local currency stablecoins to the network. **Key Details:** - The protocol starts with a USDm/EURm trading pool - Capa Finance provides day-one liquidity support - Schuman's EURP serves as a reserve asset backing EURm - Built on Polygon's Open Money Stack infrastructure This deployment enables onchain access to local currency stablecoins using Polygon's payment rails. [Read the full announcement](https://polygon.technology/blog/mento-protocol-launches-on-polygon-for-local-currency-stablecoin-payments)

Coinbase has launched a solution allowing businesses to move between different currencies onchain, addressing a longstanding infrastructure gap in digital payments. **Key Development:** - Businesses can now conduct multi-currency transactions directly onchain - Solves the reliability problem that previously limited onchain payment adoption - Builds on Coinbase's June partnership with MassPay for cross-border stablecoin payouts **Background Context:** The move follows Coinbase's earlier work on cross-border payments, which traditionally required businesses to prefund accounts across multiple corridors, creating delays and inefficiencies. Stablecoins have emerged as a faster alternative with reduced friction. This infrastructure development aims to make onchain payments more practical for business operations that naturally involve multiple currencies.

Polygon Chain is implementing another payments infrastructure upgrade, continuing its rapid development cycle. **Key Details:** - This marks the third mainnet upgrade in four months - Each upgrade progressively enhances payment infrastructure capabilities - The latest improvements focus on faster transaction confirmations and more predictable fees - Network resilience has been strengthened The consistent upgrade schedule demonstrates Polygon's commitment to iterative improvements in payment processing speed and reliability. More information: [polygon.technology/blog](https://polygon.technology/blog/giugliano-upgrade-faster-confirmations-predictable-fees-and-a-more-resilient-network-for-polygon-chain)

Polymarket's World Cup prediction markets have set a new benchmark for onchain activity, with the tournament's Winner market alone reaching **$4.3 billion** - the largest single onchain market in history. **Key Highlights:** - Over **300 markets** ran across 104 games during the six-week tournament - Total monthly volume hit a record **$10.7 billion**, primarily driven by World Cup betting - The flagship Winner market exceeded the combined volume of all Polymarket's 2024 presidential election markets - Markets covered everything from match winners to Golden Boot predictions The scale demonstrates Polygon's capacity to handle massive onchain activity, with the platform processing what Polymarket describes as "the biggest event in onchain prediction market history."

Polygon has partnered with Ramp to enable onchain money movement, expanding options for users to transfer funds on the network. **Key Details:** - Integration focuses on stablecoin transactions - Builds on previous USDC ramp implementations on platforms like Slash - Designed to serve affiliates, companies, and contractors The partnership aims to simplify the process of moving money onchain through Ramp's infrastructure. More information about the integration is available at [Ramp's blog](https://ramp.com/blog/introducing-stablecoins).

Ramp has launched Stablecoin Accounts for over 70,000 businesses, enabling them to hold, pay, and earn rewards using Polygon. **Key Features:** - Send USDC or USDT directly to vendors in 140+ countries - Transactions settle in seconds - Costs a fraction of a cent per transaction - Automatic synchronization with accounting books The service provides businesses with a practical solution for international payments, combining the speed and low costs of blockchain technology with traditional business accounting needs.

**ViaHonest has launched on Polygon**, introducing onchain certificates of authenticity for physical products. **Key features:** - Each item sold receives a blockchain-based certificate of authenticity - Addresses counterfeit goods and unverifiable resales in physical commerce - Built on Polygon network for scalability The platform aims to solve longstanding issues in physical retail where fake products and resales without proof of authenticity have been persistent problems. By moving certificates onchain, buyers can verify product authenticity directly.

Polygon has introduced a comprehensive dashboard that consolidates its entire payment infrastructure stack into a single interface. The platform integrates: - **Payins and payouts** management - **Wallet infrastructure** for fund storage and movement - **Account management** systems - **Orchestration tools** for workflow automation - **Payment rails** connectivity The dashboard serves as a central hub where all customer funds are stored and managed, connecting seamlessly with Polygon's purpose-built wallet infrastructure. This unified approach aims to simplify money movement operations for businesses building on the platform. Early access is currently available through Polygon's registration portal at [info.polygon.technology/get-early-access](https://info.polygon.technology/get-early-access?utm_source=x&utm_medium=owned_social&utm_campaign=build-with-oms). The release represents Polygon's continued expansion beyond its core scaling solutions into comprehensive payment infrastructure services.

**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.