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- Visa adds Polygon to enable fast, low-cost stablecoin settlement across chains.
- Stablecoin program hits $7B run rate, up 50% in three months as adoption rises.
- Polygon records $178M stablecoin volume and 46% monthly growth in activity.
Visa has added the Polygon network to its stablecoin settlement program. The move allows issuers and acquirers to process stablecoin transactions directly on-chain. The company aims to improve speed, cost efficiency, and scalability across its growing multi-chain payments network.
As per the official announcement, the company said Polygon will act as a primary settlement rail. It selected the network for its low-cost and fast transaction capabilities. The decision reflects a broader shift toward flexible infrastructure in digital payments.
Visa Expands Stablecoin Stack With Polygon
The integration gives Visa partners access to Polygon’s Open Money Stack. This system provides a unified framework for stablecoin transfers across networks. It combines on-chain settlement with enterprise wallets that support more than 50 blockchains.
The stack includes fiat on- and off-ramps through Coinme. It also uses Trails for cross-chain coordination and AggLayer for shared liquidity. Polygon CDK enables partners to build private and compliant blockchain systems.
Visa reported strong growth in its stablecoin settlement program. The system reached a $7 billion annualized run rate this quarter. That figure shows a 50% increase over the past three months.
Polygon is still spreading among financial companies. Its infrastructure is used by companies like Stripe, Revolut, Flutterwave, Mastercard, and BlackRock. The network enables real-world applications related to digital payments.
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Recent data reflects increasing stablecoin activity on Polygon. In March, it processed about $178.1 million in stablecoin transactions. The network also registered 19.8 million peer-to-peer payments, which is an increase of 46% a month.
The number of users holding stablecoins weekly rose to 3.19 million. The total supply climbed to a record $3.62 billion. Transactions are completed within a fraction of seconds with less than a cent fee.
Visa Pushes Stablecoin Use With Low Fees
Recent upgrade enhanced cost predictability among the enterprise users. A partner executed more than $1.3 billion in stablecoin. Only $700 was reported to have been paid in total fees.
Visa is also considering other applications of stablecoin payments. It collaborated with WeFi, an on-chain banking platform started by Reeve Collins. The project aims at the application of stablecoins in everyday transactions.
The project will initiate pilot projects in some regions in Europe, Asia, and Latin America. These regions are yet to receive regulatory approval. The system enables users to make transactions using self-hosted wallets.
The method makes sure that private keys remain under the control of the users. It eliminates the necessity of using custodial services. The model facilitates direct and secure use of the stablecoins.
Polygon Labs CEO Marc Boiron commented on the integration. He stated that the move signifies that the stablecoins are penetrating into the real-life payments. He further said that the collaboration enhances accessibility and dependability for the international users.
The introduction of Polygon by Visa extends its settlement network. It reinforces the multi-chain stablecoin operations. The relocation indicates an increasing pressure on rapid and inexpensive digital payment systems.
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