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Recently, I noticed that stablecoin activity on Polygon has been rather intense. According to data, last week Polygon’s USDC on-chain weekly trading volume surged to 28 million transactions, directly surpassing Solana’s 22 million, making it the most active chain for stablecoin trading. The number of transfers even reached 103 million, capturing 46% of the market share.
Even more interestingly, across all USD stablecoins, Polygon recorded 32.6 million transactions, up 67%, only 600,000 fewer than Solana. In terms of transfer volume, Polygon for the first time exceeded BNB, handling 120 million transfers. January’s payment transfers were close to 2 million, and behind these figures lies evidence that the stablecoin ecosystem’s penetration on Polygon is indeed rising.
In addition, Polygon has a few new moves: it has joined the Enterprise Ethereum Alliance, and during the 2026 Winter Olympics it plans to provide USDC tax refund services for the airports in Milan, Rome, and Venice. It has also proposed PIP 82 to recover up to $1 million in Gas base fees. It looks like Polygon is taking the stablecoin path seriously.