According to the data from July by "@0xPolygon", stablecoin payments have reached a new high.
Why are we analyzing July's data now?
Because I just returned from Vietnam and finally had time to look for this data.
Let's take a look at the specific data:
▰ P2P stablecoin transfers reached a historical high of $2.56 billion,
▰ The number of active USDC addresses surpassed 3.16 million,
▰ The on-chain supply of USDT also rose to $1.29 billion.
Especially in Latin America, payment platforms based on Polygon, like BlindPay and Avenia, processed over $250 million in transfers just in July.
Why is this crucial?
Because stablecoins are becoming the everyday wallet for many users in emerging markets:
In a country like Argentina, with an annual inflation rate of 39.4%, who would dare to save in the local currency?
Polygon's high speed and low fee structure seem to represent the next generation of payment networks.
Especially in the context of cross-border transfers, it saves hundreds of times in fees compared to traditional services.
Many USDT are natively issued on Polygon, rather than coming from other bridges.
This indicates that funds are genuinely flowing into Polygon, rather than just relocating.
From user activity to real payment volumes, expanding from Latin America to Africa and Southeast Asia.
Polygon's stablecoin ecosystem is moving towards global implementation.
Not only DeFi players are affected, but it also influences financial alternatives in daily life.
So on the other side of the world, there are also people relying on Polygon to solve essential problems in their lives.
#Polygon $POL @KaitoAI #KaitoAI
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