Polygon has surpassed $3 trillion in cumulative stablecoin transfer volume since September 2020, according to network data, marking a major step in its evolution as payment infrastructure. The growth has been uneven: $933 billion was recorded in 2025, up from $276 billion in 2024, and $741 billion has already moved through the network so far in 2026. More than half of all historical stablecoin transfer volume has been processed since January 2025, and activity grew 32% year-over-year in 2026.
Adoption by major payment companies accelerated the trend. Revolut moved $810 million in stablecoins on Polygon in 2025 and launched its first euro stablecoin, EURR, in August. PayPal began native issuance of PayPal USD on the network during the northern hemisphere summer. Mastercard selected Polygon as one of its extended settlement rails, covering weekends and public holidays. Stable.com also enabled users holding USDT and PYUSD to initiate bank transfers directly from their wallets.
The increase was supported by significant technical upgrades. In February, the chain’s capacity was expanded; in June, capacity rose to 5,000 transactions per second with a revised fee mechanism. July’s Ithaca upgrade added automatic recovery from block producer failures and protections against network-slowing transactions. Internal tests demonstrated the ability to process more than 11 million verified payments per second through agent payment channels with on-chain settlement in batches.
Polygon also burned 100 million POL tokens from accumulated base fees in September. Earlier in January, the project acquired Coinme and Sequence, and the resulting Polygon Open Money Stack completed a SOC 2 Type 1 audit in September, entering technical preview.
