Polygon

Polygon released its Q3 2024 report showcasing network adoption and usage metrics. **Key highlights:** - Report produced by Token Relations featuring network statistics - Discussion led by co-founders Marc Boiron and Sandeep Nailwal - **Notable mention of Polymarket** as example of platform growth - Live presentation available on YouTube The quarterly report provides insights into Polygon's ecosystem development and user engagement across its proof-of-stake and zkEVM networks. [Watch the full report](https://youtube.com/live/Zctztg0VFsQ?feature=share)

**Tether has released WDK (Wallet Development Kit)**, an open-source infrastructure designed for next-generation wallets. Key features include: - **Modular, self-custodial architecture** built for both humans and AI agents - **Native support for USDT0 and XAUt0** tokens to accelerate payments - **Built specifically for Polygon** network integration The WDK aims to provide developers with the tools needed to create advanced wallet solutions that can handle both traditional users and automated agents. This builds on Polygon's existing support for over 6 million wallets with native stable and asset-backed liquidity. *The open-source nature allows developers to customize and integrate the infrastructure according to their specific needs.*

**Visa and Allium Labs released a comprehensive report** revealing Polygon's dominance in stablecoin lending markets. **Key findings:** - Polygon processed **$192+ billion** in stablecoin lending volume this year - Outperformed major competitors including Ethereum, Arbitrum, Base, and Solana - Report highlights **$670 billion** in stablecoin loans originated over the past 5 years **Market implications:** - Demonstrates Polygon's growing role in DeFi infrastructure - Shows institutional interest in blockchain-based lending solutions - Validates stablecoin utility beyond simple payments The report features companies like Huma, which has facilitated **$7 billion** in transaction volume by providing stablecoin liquidity to payment institutions. [Read the full Visa report](https://corporate.visa.com/content/dam/VCOM/corporate/solutions/documents/stablecoins-beyond-payments-onchain-lending-opportunity.pdf)

**Polygon Labs CPO John3gan** shares how his personal experiences living across different countries highlighted the **practical challenges of accessing money globally**. - Moving cash from point A to point B remains difficult for many people worldwide - **Polygon rails are designed to lower these barriers** and improve financial connectivity - The mission extends beyond personal needs to **solving financial access for everyone** This perspective comes as Polygon continues to lead in **small payment market share** and gains ground in medium payments, positioning itself as the go-to infrastructure for everyday, low-fee peer-to-peer transactions.

**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 cryptocurrency - moving from skepticism to integration as essential financial infrastructure.

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** while maintaining their core mission of advancing Ethereum scaling solutions. [Join the Polygon Telegram](https://t.me/PolygonHQ)

French bank **ODDO BHF** has officially launched **EUROD**, a new Euro-backed stablecoin. This marks another significant step in traditional banking's adoption of digital assets, as established financial institutions continue to enter the stablecoin market. The launch represents growing institutional confidence in Euro-denominated digital currencies as alternatives to USD-based stablecoins. Full details available in ODDO BHF's [official announcement](https://www.oddo-bhf.com/eurod-stablecoin/).

**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 **Why this matters:** Recurring payments represent a massive market opportunity. By enabling subscription services to accept stablecoins, Stripe and Polygon are addressing real-world financial needs while demonstrating blockchain's cost advantages. The stablecoin market reached $230B in February, driven partly by Stripe's integration. This expansion into subscriptions could accelerate mainstream adoption as businesses discover cheaper, more efficient payment rails. **The bigger picture:** This move positions stablecoins as viable alternatives to traditional payment systems, not just for one-time purchases but for ongoing financial relationships between businesses and customers.

**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: - Building Polygon's blockchain infrastructure - Advancing India's Web3 presence globally - Working with SentientAGI and BFI Impact Meanwhile, **Stripe has integrated stablecoin payments** for subscriptions using Polygon's network, enabling businesses to accept crypto payments more easily. This follows Nailwal's previous comments about overcoming skepticism toward Indian-founded blockchain teams through "relentless execution."

**MetaMask partners with Polymarket** to integrate prediction markets directly into the popular crypto wallet. Users will soon be able to: - Access prediction markets natively through MetaMask - Trade on outcomes without leaving their wallet interface - Participate in the world's largest prediction market platform This integration represents a significant step toward **mainstream adoption** of prediction markets, making them more accessible to MetaMask's millions of users. The partnership combines MetaMask's user-friendly interface with Polymarket's established prediction market infrastructure, potentially expanding the reach of decentralized forecasting tools.