Visa Integrates Polygon for Stablecoin Settlement, Reaching $7 Billion Annualized Volume
Payment giant Visa has officially integrated Polygon into its global stablecoin settlement program. Issuers and acquirers under Visa can now settle stablecoins via the Polygon network. Polygon claims to have become the world's largest dollar stablecoin payment network, with 34% of dollar stablecoin transfers and 54% of USDC transfers occurring on Polygon. The network has approximately 3.19 million weekly active stablecoin users and an on-chain stablecoin supply of $3.62 billion. In March, the number of dollar stablecoin transactions reached 178.1 million. Visa's stablecoin settlement program has reached an annualized run rate of $7 billion this quarter, a 50% increase from three months ago. Polygon emphasizes that its network offers sub-cent transaction fees and approximately 4-second transaction finality, and is already being used by institutions such as Stripe, Revolut, Flutterwave, and BlackRock for real financial activity settlement.
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
How do I buy and sell THO tokens? On which exchanges is the Thorus token listed?
-
2
How do I buy and sell URQA tokens? Which decentralized exchanges are they listed on?
-
3
What Is CPS? An Analysis of the Crypto Project Behind the Multi-Meaning Acronym and an Assessment of Investment Risks
-
4
What Is EADX? An Analysis of the Current Market Situation and Trading Platforms
-
5
Decred (DCR) Project Analysis: Hybrid Consensus, Decentralized Governance, and Market Performance
-
6
pBTC Token Trading Guide: An Analysis of Platforms for Buying and Trading the Two Types of pBTC on Solana and EVM Chains
-
7
BUSD Stablecoin: An Analysis of Its Definition, Rise and Fall, and Current Status
-
8
In-Depth Analysis of the GRASS Token and Perpetual Contracts: A New Paradigm for Decentralized Bandwidth Sharing; Clarification on GRND Exchange Information
-
9
Korean Shipbuilders Sweep Up LNG, Ammonia Orders as Energy Demand Holds Firm
-
10
What Is MIOTA? An Analysis of the IOTA Project’s Core Token and a Trading Guide
Markets Today
Recommended Reading











