Stablecoins are quietly taking the lead in on-chain finance, and Polygon had one of its best performances yet last week. The network demonstrated the rapid maturation of real-world cryptocurrency usage, from record USDC transfers to increasing wallet activity and growing payment infrastructure. This spike doesn't seem abrupt. Building on the foundations Polygon has laid for years, it gradually advances toward regular digital payments.

• Record Breaking Weekly USDC & Stablecoin Transfers
• Dominance in Global USDC Flow & Transfer Share
• USDC Supply & Stablecoin Liquidity Rising
• Real-World Wallet Adoption & On-Chain Activity
• Polygon's Broader Payments Ecosystem

Record Breaking Weekly USDC & Stablecoin Transfers

A significant milestone was reached last week when Polygon reached a new weekly high of 31.9 million USDC transactions, outperforming Solana by 82%. This is a key sign that user activity is moving beyond speculative trading and into actual transaction flows.

That wasn't all, though. Along with recording 136.4 million USD-based stablecoin transfers over that time, Polygon doubled its lead over other blockchains and demonstrated a deeper level of on-chain involvement with stable value settlement.

These numbers are more than just data; they represent a thriving network in which steady assets such as USDC are transferred, sent, and utilised as liquidity across wallets and apps at a never-before-seen pace.

Dominance in Global USDC Flow & Transfer Share

Currently, 53% of all weekly USDC transfers worldwide occur on Polygon, which means that almost half of all USDC movement across blockchains takes place here.

When compared to other significant ecosystems like Solana and BNB Chain, which have both been important participants in the decentralised banking and payment industry, this is an astounding change.

Furthermore, USD-denominated stablecoin transactions on Polygon increased 13% week over week to 36.8 million transfers, demonstrating the momentum of continuous growth and the rising use of stablecoins in general, not only USDC.

Stablecoins on @0xPolygon continue to gain momentum. Here is last week’s quick roundup:

→ Polygon reached a new weekly high of 31.9M @USDC (by @circle) transactions in the third week of February, leading Solana by 82%

→ Polygon now accounts for 53% of all weekly USDC… pic.twitter.com/Q5xW8tVgrI

— Peter (📖, ✍️, 🔑) (@petertherock) February 23, 2026

USDC Supply & Stablecoin Liquidity Rising

In addition to transfer counts, the entire supply of USDC on Polygon hit a record-breaking high of $1.65 billion, bringing the network's total stablecoin supply to $3.26 billion, the second-highest daily level ever noted.

These numbers demonstrate strong Polygon liquidity and growing confidence in stablecoin settlement as the foundation of on-chain economics.

In our previous article, Polygon in 2029: Open Money Stack, we discussed Polygon's vision of a world in which programmable on-chain currency will be commonplace. These supply figures suggest that the future may be nearer than most people think.

Real-World Wallet Adoption & On-Chain Activity

Although discussing numbers is one thing, actual user involvement is quite another.

In this regard, Coca Wallet stated that on-chain activity on Polygon increased by 36% year over year, driven by deposits, in-network transactions, card top-ups, and exchanges. People are using stablecoins for everyday wallet operations, according to this data, rather than only sending them for trade.

Patterns like this are significant because they suggest actual utility-people utilising digital currency for actual transactions rather than merely price speculation.

Polygon's Broader Payments Ecosystem

Significant improvements to its payment infrastructure are bolstering the momentum of Polygon's stablecoin. By integrating more than 15,000 US onramps into Trust Wallet, Coinme now makes it possible for regulated cryptocurrency access, facilitating frictionless entry into the stablecoin ecosystem for regular users.

Five-minute markets are now available on Polymarket, enabling quick prediction trading made possible by quick settlement and inexpensive fees. The expanding capacity of Polygon was preparing the network for high-frequency, real-world use cases, as we described in our previous article, Polygon Network Hits 100M Gas Limit.

All of these changes demonstrate how Polygon is developing into a full ecosystem that supports regulated access, next-generation financial apps, and rapid payments, going beyond simple transactions.

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5. Polygon Moves Toward Becoming a U.S. Regulated Payments Platform

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