Visa incorporates Polygon stablecoin settlement, with annualized scale reaching $7 billion

Odaily Planet Daily News Payment giant Visa has officially incorporated Polygon into its global stablecoin settlement plan. Its card-issuing and acquiring institutions can now complete stablecoin settlements through the Polygon network. Polygon stated it has become the world's largest dollar stablecoin payment network, with 34% of dollar stablecoin transfers and 54% of USDC transfers occurring on Polygon; weekly active stablecoin users are approximately 3.19 million, with on-chain stablecoin supply reaching $3.62 billion; March saw 178.1 million dollar stablecoin transactions. Visa's stablecoin settlement plan this quarter has an annualized operating scale of $7 billion, a 50% increase from three months ago. Polygon emphasized that its network features sub-cent transaction fees and approximately 4-second transaction finality, and has been used by institutions such as Stripe, Revolut, Flutterwave, and BlackRock for real financial activity settlements.