Visa will incorporate Polygon into its global stablecoin settlement program, with an annualized settlement volume of $7.0 billion.

ChainCatcher News, according to official sources, Visa announced that it has officially included Polygon in its Global Stablecoin Settlement Program, allowing partner institutions, including card issuers and acquirers, to settle stablecoins via the Polygon network. Polygon stated that it is now the world’s largest USD stablecoin payment network.

According to data from Allium and Dune: 34% of USD stablecoin transfers occur on Polygon, more than twice that of BNB Chain; 54% of USDC transfers occur on Polygon, exceeding the total of all other chains; 36% of global USDC transactions are conducted on Polygon; Polygon currently has approximately 3.19 million active stablecoin users weekly; on-chain stablecoin supply has reached $3.62 billion, a new all-time high; in March, USD stablecoin transaction volume reached 178.1 million transactions.

Visa stated that its stablecoin settlement program has an annualized operational scale of $7 billion this quarter, a 50% increase over three months ago. Polygon emphasized that its network features sub-cent transaction fees, approximately 4 seconds for transaction finality, and has been used by institutions such as Stripe, Revolut, Flutterwave, and BlackRock for real financial settlement activities.

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