Key Highlights
- Polygon integration enables direct on-chain settlement for partners using stablecoins.
- Polygon’s OMS combines wallets, liquidity layers, and compliance-ready blockchain tools.
Visa, a global payments technology company, today added the Polygon network to its stablecoin settlement program, allowing issuers and acquirers to settle stablecoin transactions directly on-chain.
According to the official announcement, Visa places Polygon as a primary rail seeking fast, low-cost, and scalable settlement options in a growing multi-chain payments landscape.
Access to OMS
The partnership provides Visa partners with access to Polygon’s Open Money Stack (OMS), a unified, open infrastructure made for global money movement. Unlike closed full-stack solutions that make vendor lock-in or fragmented single-layer protocols, OMS integrates settlement on Polygon with embedded enterprise wallets backing over 50 chains.
The stack also includes licensed fiat on/off ramps through Coinme, intent-powered cross-chain orchestration through Trails, the AggLayer for unified liquidity and state across chains, and the Polygon CDK for launching private, compliant connected blockchains.
Visa’s stablecoin settlement program has also expanded rapidly, reaching a $7 billion annualized run rate this quarter, noting a 50% increase over three months. With the addition of Polygon alongside four other new blockchains, Visa is expanding its options for its partners in a multi-chain world while maintaining a common settlement layer.
Stablecoins move toward real-world payments
Polygon Labs CEO Marc Boiron commented on the integration, stating, “Visa adding Polygon signals that stablecoins are moving into real-world payments at scale. By combining Visa’s global reach with Polygon’s fast, low-cost infrastructure, we are making stablecoin settlement more practical, reliable, and accessible for partners around the world.”
Polygon has attracted a lot of financial institutions, supporting real-world activity for companies such as Stripe, Revolut, Flutterwave, Mastercard, and BlackRock.
According to the company, in March alone, the network processed around 178.1 million USD-based stablecoin transactions, adding 19.8 million peer-to-peer payments, indicating a 46% month-over-month increase.
Active weekly stablecoin holders have peaked at 3.19 million, with the chain’s stablecoin supply hitting an all-time high of $3.62 billion. Transactions have been finalized within four seconds with transaction fees below a fraction of a penny.
In addition to a previous upgrade that increased predictability and scalability of transaction fees for enterprises, there has been an improvement in cost predictability following a recent upgrade. Notably, a prominent partner with over $1.3 billion in stablecoin volume paid only $700 in fees.
WeFi integration
In a recent development, Visa has joined hands with WeFi, which is an on-chain banking system built by Reeve Collins, ex-CEO of Tether. The initiative seeks to explore the usage of stablecoins as a means of paying for regular expenses.
This project will be piloted in selected regions in Europe, Asia, and Latin America, pending regulatory clearances. It allows individuals to transact using stablecoins from self-hosted wallets without losing custody of their private keys. The objective of this project is to seamlessly integrate WeFi’s on-chain ecosystem with Visa’s worldwide payment system.
Convergence of payments and blockchain
The integration reflects a broader trend of convergence between traditional payment networks and blockchain-based systems.
By adding Polygon, Visa expands its settlement capabilities using an established network with growing stablecoin activity. As stablecoins gain traction in practical financial applications, such partnerships may support more efficient cross-border and domestic transactions.
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