Visa Partners Can Now Settle Stablecoins on Polygon

tl;dr

• Visa added the Polygon network to its global stablecoin settlement program, which hit a $7B annualized run rate this quarter, up 50% in three months.
• Earlier this month, Polygon became the #1 chain for USD stablecoin payments, with 34% of all transfers (more than 2x BNB) and 54% of USDC transfers (more than every other chain combined).
• Polygon transaction fees are fractions of a cent on typical transactions, with a recent fee upgrade making costs more predictable for institutional treasuries
• By adding Polygon, Visa connected to the Open Money Stack, the only unified, open stack for moving money globally

Today, Visa selected the Polygon network for its global stablecoin settlement program. Visa partners, including issuers and acquirers, can now settle stablecoin transactions on Polygon, giving them direct access to the chain already running the most USD stablecoin payments on earth.

Visa picked a network built precisely for this case. Polygon sits at the core of the Open Money Stack, our unified, open stack for moving money globally that brings stablecoin settlement, embedded wallets, licensed fiat on/off-ramps, and cross-chain routing into one system. 

The chain itself , as of this month, became the #1 globally for USD stablecoin payments, with transaction fees that stay fractions of a cent, sub-four-second finality on every transaction, and the trust of Stripe, Revolut, Flutterwave, and BlackRock to settle real financial activity at scale. 

Stablecoin settlement on Visa is growing fast. The program hit a $7 billion annualized run rate this quarter, up 50% in three months. 

Polygon is now one of the rails to help spur that growth.

Visa picked the chain that already runs stablecoin payments

The numbers are not subtle.

Across the last few weeks of data from Allium and Dune, Polygon was the most active chain on earth for USD-based stablecoin payments.

• 34% of all USD-based stablecoin transfers happened on Polygon. More than double BNB, the next chain in line.
• 54% of all USDC transfers ran on Polygon. More than every other chain combined.
• 36% of USDC transactions globally happened on Polygon, about 10 points ahead of Solana.
• 3.19 million weekly active stablecoin users, an all-time high.
• $3.62 billion in stablecoin supply on Polygon, also an all-time high.
• 178.1 million USD-based stablecoin transactions in March alone, with 19.8 million peer-to-peer payments, up 46% month over month.

And the cost to move that money stays fractions of a cent on typical transactions. Polygon Labs shipped a fee upgrade earlier this quarter that made transaction costs more predictable for institutions and payments specifically.

Visa partners get a chain where stablecoins already work at scale, settle in seconds, and move for less than a penny.

The company on Polygon

Visa joins Stripe, Revolut, Mastercard, BlackRock, and many more using Polygon for settlement. Each of these institutions evaluated where to settle real financial activity at scale. Each chose the same rails.

Revolut is a useful tell. Revolut supports stablecoin transfers across several chains, and among them Polygon's median fees consistently sit at the bottom of the list. A fintech with Revolut's reach gets to pick its rails on cost and reliability. This is the chain it picks.

That pattern matters. When the firms that move the world's money converge on the same infrastructure, it stops being an experiment.

Visa, meet the Open Money Stack

Here is the part most readers will miss: By adding the Polygon network, Visa is using the Open Money Stack.

The Polygon Open Money Stack (OMS) is the only unified, open stack for moving money globally. Closed full-stack vendors own the experience but lock you in. Open single-layer protocols and standalone bridges are fragmented across five or six vendors that do not talk to each other. 

Polygon is alone in combining full-stack capability with genuinely open infrastructure.

OMS unifies what every company moving money used to stitch together by hand:

• Settlement on the Polygon chain, the most active network for USD stablecoin payments.
• Polygon Wallets, embedded enterprise wallet infrastructure that supports 50+ chains.
• Coinme (which, subject to regulatory approval, is being acquired by Polygon Labs), a licensed fiat on/off-ramp network with money transmitter licenses across 48 US states.
• Intent-powered cross-chain payment orchestration with Trails, routing payments across hundreds of chains.
• Agglayer, the cross-chain aggregation layer that unifies liquidity and state across connected chains, providing native interop where it is useful.
• Polygon CDK, enabling institutions to design and launch private, compliant, and connected blockchains with all of OMS’s tooling

Integrate once. Move money anywhere. No vendor lock-in. No proprietary middleware.

Why the Polygon network was built for this

Money does not pause. Settlement risk is the root cause of most failures in cross-border payments, and reliability is the reason institutions evaluate infrastructure for months before moving a dollar across it.

We rebuilt the Polygon chain over the last year specifically for institutional money movement. Throughput now sits at 2,600+ TPS. Reorgs were eliminated entirely. Finality dropped to roughly five seconds, and every confirmed block is final. Importantly, the fee structure was upgraded earlier this quarter to make transaction costs more predictable for institutions and payments. For Paxos, with more than $1.3B in stablecoin volumes, total fees amounted to less than $700.

That is the chain Visa just added: Polygon.

Get early access to the Open Money Stack today.