Polygon Hits Record $30.5M Stablecoin Card Top-Up Volume
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Polygon set a new all-time high in stablecoin card top-ups, reaching $30.5 million just 13 days into July, a 122% increase from June's $13.69 million. The surge is largely driven by crypto payments platform KAST and highlights accelerating stablecoin adoption on Polygon as the network says it has processed $2.6 trillion in stablecoin volume and expects to exceed that total, boosting DeFi payments and on-chain adoption.
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- Polygon set a new all-time high with $30.5 million in stablecoin card top-up volume.
- CEO Sandeep Nailwal credited KAST’s rapid growth for driving the stablecoin spending.
- Polygon says it has now processed $2.6T in stablecoin volume and expects to exceed it.
Polygon has recorded its highest-ever monthly stablecoin card top-up volume, reaching $30.5 million just 13 days into July. The figure is already 122% higher than June’s total of $13.69 million, according to data shared by Paymentscan.
The increase appears to be driven largely by the rapid growth of crypto payments platform KAST, which has been expanding stablecoin spending activity on the Polygon network.
The latest data also shows a steep acceleration in monthly card top-up volumes over the past year, with July’s figure already more than double the previous monthly record despite the month being only halfw…
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