coin-img-ETHETH-0.64%coin-img-BTCBTC-0.43%coin-img-SOLSOL-0.50%coin-img-XRPXRP-1.14%coin-img-UFOUFO-54.83%coin-img-HOGRUNHOGRUN-0.24%coin-img-USDCUSDC+0.01%coin-img-DOGEDOGE+4.06%coin-img-ETHETH-0.64%coin-img-BTCBTC-0.43%coin-img-SOLSOL-0.50%coin-img-XRPXRP-1.14%coin-img-UFOUFO-54.83%coin-img-HOGRUNHOGRUN-0.24%coin-img-USDCUSDC+0.01%coin-img-DOGEDOGE+4.06%coin-img-ETHETH-0.64%coin-img-BTCBTC-0.43%coin-img-SOLSOL-0.50%coin-img-XRPXRP-1.14%coin-img-UFOUFO-54.83%coin-img-HOGRUNHOGRUN-0.24%coin-img-USDCUSDC+0.01%coin-img-DOGEDOGE+4.06%coin-img-ETHETH-0.64%coin-img-BTCBTC-0.43%coin-img-SOLSOL-0.50%coin-img-XRPXRP-1.14%coin-img-UFOUFO-54.83%coin-img-HOGRUNHOGRUN-0.24%coin-img-USDCUSDC+0.01%coin-img-DOGEDOGE+4.06%

Visa Expands Global Stablecoin Settlement Network to Polygon

Visa has added the Polygon network to its global stablecoin settlement program, allowing partner issuing banks and acquirers to settle stablecoin transactions on Polygon, according to the Polygon blog. The program's annualized settlement volume is now about $7 billion, up roughly 50% over the past three months. Polygon-based activity accounts for an estimated 34% of USD stablecoin transfers and 54% of USDC transfers. In March, the network recorded 178 million USD stablecoin transactions, including 19.8 million peer-to-peer (P2P) payments. Stablecoin supply on Polygon stands at approximately $3.62 billion, with around 3.19 million weekly active stablecoin addresses. Visa said the integration also ties into Polygon's Open Money Stack, supporting use cases such as compliant wallets, crosschain routing, and fiat on/off ramps. (Source: PANews)
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