Visa to Include Polygon in Global Stablecoin Settlement Program, with an Annualized Settlement Volume of $7 Billion

April 29: Visa announced it has officially integrated Polygon into its Global Stablecoin Settlement Program. Issuing and acquiring banks partnering with Visa can now settle transactions via the Polygon network. Polygon claims it’s the world’s largest USD stablecoin payment network, citing data from Allium and Dune: - 34% of USD stablecoin transfers occur on Polygon—more than twice BNB Chain’s share - 54% of USDC transfers are on Polygon, beating the total of all other chains combined - 36% of global USDC transactions take place on Polygon - Polygon has roughly 3.19 million weekly active stablecoin users - On-chain stablecoin supply hit a record $36.2 billion - 178.1 million USD stablecoin transactions were recorded in March Visa added its stablecoin settlement program’s annualized transaction volume reached $7 billion this quarter—up 50% from three months ago. Polygon emphasized its network offers sub-cent fees, ~4-second transaction finality, and has been used for real-world financial settlements by institutions including Stripe, Revolut, Flutterwave, and BlackRock.