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Techub News, Polygon announced that Visa has included it in its global stablecoin settlement program, and Visa partners can now complete stablecoin settlements through the Polygon network. Visa stated that its stablecoin settlement program has reached an annualized running scale of $7 billion this quarter, a 50% increase from three months ago.
Techub News reports, Polygon tweeted that the team has been actively monitoring the rsETH vulnerability incident. Polygon Chain, Agglayer, and other ecosystem facilities including Katana and Vaultbridge have not been affected by the rsETH incident. Polygon has securely transferred over $2 trillion to date, and the team will remain vigilant, closely monitoring the progress of the incident.
Techub News reports that Polygon has announced the launch of its native liquid staking token, sPOL, aiming to introduce over 3.6 billion staked POL tokens into the DeFi ecosystem. Users can stake POL at a 1:1 ratio to obtain sPOL.
Techub News, the Polygon community has released the PIP-85 proposal, which plans to adjust the PIP-65 priority fee distribution formula. The proposal states that it intends to extract 50% of the priority fees from the validator pool and distribute them to stakers through a periodic Merkle claim program deployed on Ethereum. The proposal also indicates that the remaining validator pool allocation will be adjusted, with 75% distributed based on an equal-weight weighted performance method, and 25% following the existing staking weight formula. This move aims to achieve a more balanced incentive mechanism in validator allocation by introducing an equal-weight factor and directly enhance the returns for stakers.
Techub News reports that Polygon has launched the Polygon Agent CLI, an on-chain toolkit specifically built for the agent economy. With a single installation, it provides access to features including wallets, tokens, exchanges, bridging, authentication, and payments, with final settlement occurring on Polygon. The Polygon Agent CLI uses stablecoins to pay for all fees, natively supports ERC-8004, and its x402 support allows agents to pay for APIs and data sources per request using stablecoins. It is compatible with Claude and Openclaw.
Techub News reports that Brazilian bank Braza Group announced on platform X that its stablecoin BBRL has expanded to the Polygon network. Fully backed by the Brazilian Real, audited, and issued under the supervision of the central bank regulatory authority, BBRL is now operational on Polygon, offering higher liquidity, interoperability, and efficiency for payments, transfers, and international on-chain operations.
Techub News reports that Marc Boiron, CEO of Polygon Labs, tweeted that during the acquisition and integration of Coinme and the Sequence team, the company decided to eliminate some overlapping positions. This adjustment aims to support the company's complete transformation into a payment-focused blockchain company. Marc Boiron emphasized that this position adjustment is a structural change rather than an issue with employee performance. Although the total number of employees is expected to remain at a similar level, the team's professional backgrounds will increasingly lean towards payments, wallets, and blockchain infrastructure.
Techub News reports that Sandeep Nailwal, CEO of the Polygon Foundation, has unveiled the next phase of the development vision, which will involve the phased rollout of the vertically integrated on-chain solution, the Polygon Open Money Stack. Specifically, this solution includes blockchain tracks, stablecoin coordination, wallet infrastructure, funding channels, and more.
Techub News reports, citing sources familiar with the matter as reported by CoinDesk, that Polygon is nearing the acquisition of Bitcoin ATM operator Coinme. Polygon plans to spend $100 million to $125 million to complete this acquisition, with Architect Partners providing advisory services for the transaction.
Techub News: According to CoinDesk, Mastercard has selected Polygon to support its new system, enabling users to send funds directly to "verified usernames" without needing to use lengthy wallet addresses. Mastercard's Crypto Credential standardizes blockchain address verification by enabling readable aliases; authentication and alias issuance are handled by Mercuryo, allowing users to link aliases to self-custody wallets. Additionally, users can apply for tokens on Polygon to prove their wallet supports verified transfers, facilitating applications in processing credential-based transactions.
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