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Drafted from defillama.com, polygon.technology · not yet confirmed by Polygon

Polygon provides a stablecoin-based payments infrastructure that enables businesses to move, program, and store money globally through a single API.

polygon.technology@0xPolygon

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This page was written from what Polygon publishes on polygon.technology — nobody there has seen it or agreed to it, so there is no one here to answer a question or receive a proposal.

Recent activity

  • seen Sep 23 — Plans to add RTP and FedNow rail support in early Q3. · from polygon.technology/virtual-accounts
  • seen Sep 23 — Virtual accounts currently accept ACH, Fedwire, and SWIFT payment rails. · from polygon.technology/virtual-accounts
  • seen Sep 23 — Expands payouts into 125+ markets on day one. · from polygon.technology/payouts
  • seen Sep 23 — Supports stablecoin payouts to bank, cash, card, or crypto via one API. · from polygon.technology/payouts
  • seen Sep 23 — Now runs KYC and KYB compliance with AML screening on deposits across 48 states · from polygon.technology/payins
  • seen Sep 23 — Now settles payins in about 5 seconds, ready to spend with no multi-day hold · from polygon.technology/payins
  • seen Sep 23 — Now accepts cash payments at CVS, Walgreens, or Walmart, landing as a balance in seconds · from polygon.technology/payins
  • seen Sep 23 — Now supports bank, cash, and card payins that convert to stablecoins via one API · from polygon.technology/payins
  • seen Sep 23 — Polygon reports $2.4T transfer volume and $1.15B total value locked. · from polygon.technology/about
  • seen Sep 23 — Polygon reports $0.002 average transaction cost and 110 transactions per second. · from polygon.technology/about
  • seen Sep 23 — Polygon network processes 8B total transactions with 159M unique wallet addresses. · from polygon.technology/about
  • seen Sep 23 — Uquid routes 1-click crypto checkout across 178M+ products using Polygon Trails · from polygon.technology/customers
  • seen Sep 23 — Ubyx uses Polygon as a settlement chain to clear tokenized money for banks and fintechs · from polygon.technology/customers
  • seen Sep 23 — HIFI settles over $227M in stablecoin payments on Polygon Chain · from polygon.technology/customers
  • Sep 23 — Largest protocols on Polygon: Polymarket International ($335M, Prediction Market), Aave V3 ($149M, Lending), Quickswap Dex ($142M, Dexs), Binance CEX ($68M, CEX), Bybit ($64M, CEX) · per defillama.com/chain/Polygon
  • Sep 23 — TVL was $1.0B 90 days ago · per defillama.com/chain/Polygon
  • Sep 23 — TVL was $813M 30 days ago · per defillama.com/chain/Polygon
  • Sep 23 — TVL $781M on Polygon, per DefiLlama · per defillama.com/chain/Polygon
  • Sep 21 — Now supports recurring stablecoin subscription payments with one customer approval in Open Money Stack · from polygon.technology/blog/stablecoin-subscriptions
  • Sep 21 — Revolut launched EURR, a Euro-backed stablecoin, on Polygon · from polygon.technology/blog/stablecoin-subscriptions
  • Sep 21 — Completed SOC 2 Type 1 examination for Open Money Stack · from polygon.technology/blog/stablecoin-subscriptions
  • Sep 21 — Stable.com added Polygon for direct-to-bank stablecoin transfers · from polygon.technology/blog/stablecoin-subscriptions
  • Sep 20 — TVL $799M · per defillama.com/chain/Polygon
  • Sep 17 — Polygon has processed $2.9 trillion in stablecoin transfer volume with ~$0.002 average transaction costs · from polygon.technology/blog/stable-com-polygon-bank-transfers
  • Sep 17 — Unlimit's payment network handles delivery across 180+ countries and 150+ currencies for Stable.com transfers · from polygon.technology/blog/stable-com-polygon-bank-transfers
  • Sep 17 — Stable.com integration lets USDT or PYUSD move from a Polygon wallet directly into a bank transfer · from polygon.technology/blog/stable-com-polygon-bank-transfers
  • Sep 17 — Stable.com, Unlimit's financial platform, now supports Polygon for direct-to-bank stablecoin transfers · from polygon.technology/blog/stable-com-polygon-bank-transfers
  • Sep 9 — OMS supports x402 payment protocol and ERC-8004 for onchain agent identity. · from polygon.technology/blog/one-api-for-any-payment-polygon-oms
  • Sep 9 — OMS routes payments across Ethereum, Polygon, Base, and Solana chains. · from polygon.technology/blog/one-api-for-any-payment-polygon-oms
  • Sep 9 — Launched Open Money Stack, one API combining compliance, wallets, ramps and settlement. · from polygon.technology/blog/one-api-for-any-payment-polygon-oms
  • Sep 2 — Completed SOC 2 Type 1 examination for Open Money Stack (OMS) API and dashboard · from polygon.technology/blog/polygon-oms-soc-2-type-1
  • Aug 26 — EURR rollout starts for eligible customers in Denmark, Poland, and Portugal. · from polygon.technology/blog/revolut-launches-eurr-a-euro-backed-stablecoin-on-polygon
  • Aug 24 — bloXroute already offers private transaction submission on Polygon through its own infrastructure. · from polygon.technology/blog/moving-money-confidentially-with-private-mempool-on-polygon-what-that-means-for-every-use-case
  • Aug 24 — Launched Private Mempool, a private transaction submission endpoint live on Polygon. · from polygon.technology/blog/moving-money-confidentially-with-private-mempool-on-polygon-what-that-means-for-every-use-case
  • Aug 11 — Consortium will test cross-border stablecoin settlement powered by Polygon's Open Money Stack · from polygon.technology/blog/polygon-labs-joins-nobo-finance-and-dun-bradstreet-in-phase-2-of-the-bank-of-englands-digital-pound-lab
  • Aug 11 — Polygon Labs joins NOBO Finance and Dun & Bradstreet in Phase 2 of Bank of England's Digital Pound Lab · from polygon.technology/blog/polygon-labs-joins-nobo-finance-and-dun-bradstreet-in-phase-2-of-the-bank-of-englands-digital-pound-lab
  • Aug 11 — Wallet technology has been in production since 2021, acquired by Polygon through Sequence · from polygon.technology/blog/get-unlimited-embedded-wallets-free-with-crosschain-routing-included
  • Aug 11 — Settlement on Polygon Chain takes about two seconds and costs roughly $0.002 · from polygon.technology/blog/get-unlimited-embedded-wallets-free-with-crosschain-routing-included
  • Aug 11 — Supports moving money across 20+ blockchains via Polygon Trails · from polygon.technology/blog/get-unlimited-embedded-wallets-free-with-crosschain-routing-included
  • Aug 4 — Custodial wallet services provided via Coinme, acquired by Polygon Labs. · from polygon.technology/blog/custodial-vs-non-custodial-wallets

About

Polygon offers a product called the Open Money Stack, which lets businesses accept local currency deposits, convert them to stablecoins, and disburse funds in local currency to over 100 countries. It includes components for payins, payouts, virtual accounts, currency conversion, payment orchestration, and onchain settlement. The platform targets businesses that move money across borders and is intended to replace the multi-vendor arrangements typically required to assemble similar functionality.