Visa to Include Polygon in Global Stablecoin Settlement Program, with an Annualized Settlement Volume of $7 Billion

BlockBeats News, April 29th, Visa announced that it has officially integrated Polygon into its Global Stablecoin Settlement Program. Visa partners, including issuing banks and acquiring banks, can now settle transactions using the Polygon network.

Polygon has stated that it has become the world's largest USD stablecoin payment network. According to Allium and Dune data:


34% of USD stablecoin transfers occur on Polygon, more than twice that of the BNB Chain;
54% of USDC transfers occur on Polygon, surpassing the total of all other chains combined;
36% of global USDC transactions are conducted on Polygon;
Polygon currently has approximately 3.19 million weekly active stablecoin users;
The on-chain stablecoin supply has reached a record high of $36.2 billion;
In March, there were 178.1 million USD stablecoin transactions.

Visa stated that the annualized transaction volume of its stablecoin settlement program this quarter has reached $7 billion, a 50% increase from three months ago. Polygon emphasized that its network features sub-cent transaction fees, approximately 4-second transaction finality, and has been used for real-world financial activity settlements by institutions such as Stripe, Revolut, Flutterwave, and BlackRock.