The network handled 198 million stablecoin transactions in May, quietly becoming the go-to rail for real-world crypto payments
Polygon moved roughly $79.25 billion in stablecoin volume during May, its second-highest month ever. The network also ranked first among all blockchains in transaction count for the month, processing 198 million USD-denominated stablecoin transactions.
The numbers behind the surge
Polygon’s cumulative stablecoin transfer volume has now surpassed $2.4 trillion.
The bulk of the activity centers on USDC and USDT, the two dominant dollar-pegged stablecoins.
Transaction fees on the network average around $0.002. For context, a wire transfer through a traditional bank typically costs $25 to $50, and even Ethereum mainnet gas fees can spike to several dollars during busy periods. Polygon settles transactions in approximately two seconds with a throughput capacity of 110 transactions per second.
The network has now processed over 7 billion total transactions with 99.99% uptime.
Strategic moves that got Polygon here
In January, Polygon Labs acquired Coinme and Sequence for a combined $250 million. Both deals were aimed at expanding Polygon’s reach into consumer-facing crypto payments and developer tooling.
Visa added Polygon to its global stablecoin settlement pilot in April, a program that has reached a $7 billion annualized run rate.
Meta followed with its own integration, rolling out USDC payouts on Polygon and Solana for creators earlier this year.
Payment-focused projects built on Polygon generated $9.9 billion in transaction volume during the first half of 2026. That single figure exceeded Polygon’s total payment-related volume for the entire year of 2025.
