Welcome back to the Polygon Weekly Overview, the best place for the Polygon community to get up to speed on the chain’s latest updates, metrics, releases, insights, ecosystem developments and more. All in one place.

The percentages and metrics are based on a 7-day timeframe, unless noted otherwise.

🟪 What happened: Polygon's total stablecoin supply rose 11.6% to over $3 billion in the past month, with Tether’s USDT leading at $1.48 billion, up 20.9%. The network also captured 52% of the newly launched USDT0's supply, worth $1.4 billion, while serving 839,000 transacting addresses in the past week, according to Dune Analytics data.

🟪 Why it matters: Polygon has become a leading settlement layer for both stablecoin infrastructure and real-world payments, capturing market share across traditional finance, emerging markets and multi-chain protocols.

The capture of 52% of USDT0's supply is clear evidence of the network's infrastructure advantages for both institutional and retail multi-chain stablecoin flows. USDT0 represents a fundamental shift in cross-chain stablecoin movement because, unlike wrapped or synthetic versions, USDT0 uses LayerZero's Omnichain Fungible Token standard to maintain the same underlying USDT across all chains through a unified liquidity layer. This supply dominance positions Polygon as one of the primary destinations for USDT0’s cross-chain capabilities across traditional and crypto-native payment rails.

Beyond USDT, traditional stablecoins continue seeing growth on Polygon: USDC rose 3.93% to $965.2 million, DAI increased 5.48% to $441 million, and BlackRock increased the supply of its BUIDL token on the network to $44.7 million, up 7.5% in the past month. This highlights the tangible growth of real-world tokenized assets and the rising adoption of blockchain in traditional finance, especially on Polygon's infrastructure.

Payment applications processed $581.4 million worth of transfers in August, while Circle's payment processor volume on Polygon hit an all-time high at $2.41 billion. Revolut, a leader in Europe, and LATAM's BlindPay and Avenia Pay each processed more than $100 million, indicating that global fintech payment providers trust Polygon for high-volume settlement.

The diversity of payment providers highlights Polygon's reach across global markets and segments. These emerging market players lead stablecoin payments adoption, while institutional players like Coinbase, Robinhood and Paxos continue to spur the growth of adoption stateside.

Regional stablecoins further complement this payment infrastructure growth. XSGD, StraitsX's Singapore Dollar stablecoin designed for Southeast Asian transfers, rose 13.64% to $2.4 million, while ARYZE's euro-backed eEUR increased 9.32% in the past month. Brazilian Real stablecoin BRZ recorded $551,610 in volume as Polygon's moves to develop non-USD international stablecoins that serve payment needs across economies.

🟪 The big picture: Polygon's stablecoin dominance positions the network to scale globally as it aims for 100,000 transactions per second (TPS), in keeping with its Gigagas roadmap. This can enable both USD stablecoins and regional currencies to help people across the world access fast and low-cost payment rails, especially in areas where local currency and banking has been unstable.

Additionally, the growth of non-USD stablecoins like XSGD, eEUR, and BRZ shows how Polygon's infrastructure supports local currency digitization across developing economies. Meanwhile USDT and USDC provide dollar-denominated stability and access to businesses and individuals in regions with high inflation or banking limitations.

As Polygon scales to 100,000 TPS, it can handle the transaction volume required for global adoption of stablecoin payments for everyday commerce, remittances, and savings. This positions the network to capture a massive addressable market as blockchain payments expand beyond LATAM to Africa, Southeast Asia as well as more mature markets like the US and Europe where these payment platforms can make transactions even more efficient.

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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.