Polygon
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Exploring the Frontiers of ZK Innovation and Ethereum Scaling.
USDC payments go live at AEON merchants across five regions on Polygon
USDC on Polygon is now live for everyday merchant payments through AEON across the Philippines, Africa, Brazil, Mexico, and Argentina. Users can spend USDC at physical stores using familiar regional methods including QR codes.
AEON announced the expansion is "officially LIVE," enabling local spending with Polygon as the underlying chain.
UquidCard Mini App brings one-click crypto checkout to Bybit
Bybit's 85 million users can now check out with any token on any chain in one click after UquidCard launched a new Mini App on Bybit. Polygon OMS powers the orchestration behind the app, turning Bybit into a full shopping gateway where users can browse, pay, and complete orders.
Lawson tests USDC, USDT, JPYC payments at POS on Polygon
Japanese convenience store Lawson ran its second stablecoin payment test at a POS register on Polygon, alongside payment provider Netstars. The demonstration tested USDC, USDT, and JPYC in-store via Netstars' "Stablecoin Pay" system.
The pilot marks continued real-world testing of Polygon for everyday point-of-sale payments in Japan. Coverage from neweconomy.
Polygon OMS launches fiat balances for 24/7 stablecoin conversion
Polygon added fiat balances to its Open Money Stack (OMS), letting teams and users hold USD onchain ahead of time and convert to stablecoins or send fiat directly without a new wire each time. Because funds sit inside the stack, conversion clears 24/7 instead of waiting on banking hours.
Use cases include cross-border settlement from a single US balance, staging payout batches before deadlines, and moving a working slice into Treasury onchain. Users fund via the same fiat rails and can hold either dollar or stablecoin balances from anywhere. Early access is available to Polygon OMS users. Learn more in Polygon's blog.
Wyoming WYO stable commission picks Polygon as settlement chain
Polygon highlighted its role supporting the Wyoming Stable Token Commission, which issues FRNT, the first fiat-backed and fully-reserved stable token issued by a U.S. public entity. The commission chose Polygon as one of its settlement chains.
- A profile of Stephanie Chan of WYO Stable details the story.
Polygon promotes OMS wallets as 'big, free, and true'
Building on its embedded-wallet rollout, Polygon reiterated that approved businesses can now create unlimited multichain wallets through the Open Money Stack, amplifying a BSCNews report. The wallets are non-custodial and support stablecoin balances inside existing apps.
Polygon makes OMS embedded wallets free for approved businesses
Polygon announced approved businesses can now integrate unlimited embedded wallets through the Open Money Stack (OMS) at no cost, with crosschain routing from Polygon Trails included. The wallets are non-custodial, chain-agnostic, support stablecoins, and let users sign in with familiar methods without managing a seed phrase. Features include multiple authentication flows, smart sessions, recovery paths, private send, and yield earning. One click routes payments across 20+ blockchains with no separate bridge flow, and SDKs, APIs, and data services are bundled in.
Polygon selected for Bank of England Digital Pound Lab

Polygon was selected to participate in the Bank of England's Digital Pound Lab, working with NOBO and Dun & Bradstreet. Leveraging its Open Money Stack, Polygon will test what's possible for a digital pound and cross-border stablecoin settlement. One of the first tests will simulate cross-border settlement to enable open money movement onchain.
HashPort completes Japan's first convenience-store stablecoin payment at Lawson on Polygon

HashPort completed Japan's first convenience-store stablecoin payment at a POS register, demonstrated at Lawson. Shoppers showed a barcode from the HashPort Wallet to pay with JPYC, settled on Polygon in real time. The settlement chain's fees are a fraction of a cent, positioning Polygon as the default rail for moving the yen onchain.
Polygon Trails powers one-click crosschain payments on Uquid
Polygon showcased Polygon Trails, powered by the Polygon Open Money Stack, letting users spend any token on any chain in one click. A demo on the Uquid Card showed a MetaMask order with $Babydoge settling without manual swapping or bridging.
- Trails handles routing and bridging automatically across chains.
MATIC token upgraded to POL
After community consensus, Polygon upgraded its native token from MATIC to POL as part of the Polygon 2.0 roadmap, making POL the network's gas and staking token.
Marc Boiron named Polygon Labs CEO
Polygon Labs promoted chief legal officer Marc Boiron to the newly created CEO role, while President Ryan Wyatt stepped down to an advisory position.
Polygon 2.0 unveiled
Polygon announced Polygon 2.0, a set of proposed upgrades reimagining the protocol's architecture, tokenomics, and governance toward an aggregated 'value layer of the Internet.'
Polygon raises $450 million in MATIC sale
Polygon raised $450 million by selling MATIC tokens in a round led by Sequoia Capital India, with participation from Tiger Global and SoftBank Vision Fund.
Polygon acquires Mir blockchain for ~$400 million
Polygon acquired the Mir blockchain network for 250 million MATIC tokens, worth around $400 million at the time of the deal.
Polygon discloses MATIC theft from security vulnerability
Polygon disclosed a security vulnerability that resulted in the theft of 801,601 MATIC tokens.
Polygon acquires Hermez Network for $250 million
Polygon acquired the Hermez Network, a zero-knowledge rollup team, in an August 2021 deal valued at $250 million.
Matic Network rebrands as Polygon
The project renamed itself Polygon Technology, shifting from a single scaling solution to a broader ecosystem of Ethereum scaling solutions.
Matic mainnet launched
Polygon's ledger began on June 1, 2020, marking the launch of the Matic proof-of-stake mainnet on Ethereum.
MATIC token IEO on Binance Launchpad raises ~$5 million
Matic Network ran an initial exchange offering on Binance Launchpad, selling 1.9 billion MATIC tokens (19% of supply) and raising about $5 million.
Matic Network founded
Matic Network, the predecessor to Polygon, was founded by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic.