Bitquery flags Polygon USDT0 holder surge as 58% of net growth fits scam patterns since August 2025
AI Market Summary
Bitquery reports 58% of Polygon's net USDT0 holder growth since Aug 2025 matches address-poisoning scam patterns, while USDT0 supply fell 41% and ≥$10 holders declined 42%. This challenges Polygon's headline 8.1M holder metric and raises questions about the quality of stablecoin adoption and payments activity. The disclosure may pressure confidence in Polygon's stablecoin-driven narrative and reported usage growth.
Impact level
● Medium
Affected assets
POL/USDT+1.24%
AI Insight · POL/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Bitquery found that 58% of the net increase in USDT0 holders on Polygon since August 2025 came from addresses that match scam patterns. Of the 1.71 million new addresses, about 998,000 showed characteristics associated with address-poisoning scams, according to the analytics firm. Over the same period, USDT0 supply on Polygon fell 41% to $798 million, and the number of addresses holding at least $10 dropped 42% to about 720,000. The findings raise questions about the quality of the 8.1 million USDT0 holder addresses Polygon previously highlighted.
