Visa includes Polygon in its global stablecoin settlement program, with an annual settlement volume reaching 7 billion dollars

By: rootdata|2026/04/29 12:42:01

Share

copy

According to official news, Visa has announced the formal inclusion of Polygon in its global Stablecoin Settlement Program. Visa partners, including issuing institutions and acquiring institutions, can now complete stablecoin settlements through the Polygon network. Polygon stated that it has now become the largest USD stablecoin payment network in the world.

According to Allium and Dune data: 34% of USD stablecoin transfers occur on Polygon, more than twice that of BNB Chain; 54% of USDC transfers occur on Polygon, higher than the total of all other chains; 36% of global USDC transactions run on Polygon; Polygon currently has approximately 3.19 million weekly active stablecoin users; the on-chain stablecoin supply has reached a historic high of $3.62 billion; in March, the number of USD stablecoin transactions reached 178.1 million.

Visa stated that its stablecoin settlement program has achieved an annualized operating scale of $7 billion this quarter, a 50% increase from three months ago. Polygon emphasized that its network features low transaction fees, approximately 4 seconds for transaction finality, and has been used by institutions such as Stripe, Revolut, Flutterwave, and BlackRock for real financial activity settlements.

Popular coins

Latest Crypto News

13:42

The White House announced the list of 37 donors for Trump's $400 million banquet hall project, including several tech and crypto companies

According to Fortune, the White House has released a list of 37 donors for the construction project of the White House Ballroom under the Trump administration. The budget for the project has increased from the initial $200 million to $400 million, primarily funded through tax-deductible private dona...

13:42

The US Dollar Index DXY rose to an intraday high of 98.77, influenced by the increase in international crude oil prices

According to Jinshi reports, as international crude oil prices rise, the US Dollar Index DXY has reached an intraday high, peaking at 98.77.

13:42

Data: The current whale position on the Hyperliquid platform is 3.574 billion USD, with a long-short position ratio of 1

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to $3.574 billion, with long positions of $1.791 billion, accounting for 50.11% of the total holdings, and short positions of $1.783 billion, accounting for 49.89%. The profit and loss for long positions i...

13:42

Securitize has partnered with Computershare to introduce tokenized equity for the $70 trillion stock market

According to CoinDesk, Securitize, a tokenization platform supported by BlackRock, announced a partnership with global stock transfer agent giant Computershare, allowing U.S. listed companies to issue on-chain tokenized equity (Issuer-Sponsored Tokens, ISTs) outside of the existing stock system.Unde...

13:42

Andre Cronje: Nowadays, many DeFi protocols are no longer true DeFi in the real sense, and the industry is debating whether a circuit breaker mechanism should be introduced

Andre Cronje stated in an interview with Cointelegraph that many DeFi protocols today are "no longer truly DeFi" and are more like "profit-driven companies operated by teams," as they generally rely on upgradable contracts, multi-signatures, off-chain infrastructure, and manual operational control.C...