Polygon

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.

**Money Rails Buenos Aires** panel recordings are now live on YouTube for those who missed the event. The one-day summit focused on: - Networking opportunities - Payment innovation discussions - Future of money insights - Web3 industry panels All sessions from the November 18 event have been compiled into a comprehensive playlist. [Watch the full Money Rails Buenos Aires playlist](https://www.youtube.com/playlist?list=PLslsfan1R_z33l-Wsa_PCkKzYWP8Ysb3c) Catch up on key discussions about payment systems and monetary innovation that you may have missed.

**Brazilian Real-linked stablecoins** are gaining significant traction on Polygon, with over **50,000 transactions weekly**. The milestone reflects growing adoption of blockchain-based financial services in Brazil's market. Users can now access **onchain yield opportunities** denominated in Brazilian Reais. **Key developments:** - 50K+ BRL stablecoin transactions per week on Polygon - New yield-earning capabilities for Real-denominated assets - Growing bridge between traditional Brazilian finance and DeFi Brazil's high interest rate environment creates unique opportunities for onchain yield strategies, allowing users to earn returns while maintaining exposure to local currency.

**Five new games** are now live on the Polygon Hub within Immutable Play, offering players up to **500 Gems per title** through quest completion. **Key Features:** - Dedicated gaming hub for Polygon-based titles - Quest system with gem rewards for each game - Additional prize pool for top performers - Part of Immutable x Polygon collaboration **Background Context:** This launch builds on the previously announced partnership between Immutable and Polygon Labs. The collaboration includes a **$100K reward pool** and plans for future Agglayer integration. Immutable Play already serves **250k+ monthly users** with **$40M TVL**, making it a significant platform for web3 gaming adoption. **What's Next:** Future updates will include native Agglayer integration for Immutable zkEVM, enabling **cross-chain gaming** and digital asset portability across connected chains. Players can start completing quests immediately to earn gems and compete for additional rewards from the prize pool.

**Major milestone reached** as more than $10 billion worth of international stablecoins have moved onto the Polygon network. Key stablecoins include: - **$XSGD** (Singapore Dollar-pegged) - **$BRZ** (Brazilian Real-pegged) - **$JPYC** (Japanese Yen-pegged) This represents significant adoption of Polygon's infrastructure for **cross-border payments** and international transfers. The network's lower fees and faster transaction times make it attractive for global stablecoin usage. The milestone builds on previous launches, including the world's first yen-pegged stablecoin that debuted on Polygon in October. *Ready to send money globally? Consider Polygon's growing stablecoin ecosystem.*

**Ripio joins Money Rails** as an official sponsor for the upcoming blockchain summit in Buenos Aires. The **12-year veteran** crypto company brings extensive experience serving Latin American markets with blockchain solutions for individuals and businesses. **Key details:** - Event: Money Rails summit during Devconnect - Date: November 18, 2025 - Location: Buenos Aires, Argentina - Focus: Future of onchain payments and digital finance Ripio specializes in **blockchain-driven technological solutions** aimed at strengthening the digital economy across all population segments in Latin America. The summit promises networking, panels, and insights into payment innovations as the industry builds infrastructure for onchain money movement. [Get tickets at moneyrails.io](http://moneyrails.io)