Polygon Hits Record $30.5M Stablecoin Card Top-Up Volume

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 halfway complete.

Stablecoin Payments Continue to Accelerate

Reacting to the milestone, Polygon Foundation CEO Sandeep Nailwal credited KAST for helping make stablecoin payments easier for everyday users.

He also pointed to the network’s broader payment activity, stating that Polygon has processed more than $2.6 trillion in stablecoin volume.

According to Nailwal, that amount already exceeds the total value of every physical dollar bill and coin currently circulating in the United States. He added that Polygon aims to surpass that figure within a single year as adoption continues to grow.

Polygon Doubles Down on Payments

Polygon stated in an earlier post that stablecoin volume on the network has grown 264% year-over-year in 2025, with $3.8 billion in stablecoins currently held on-chain. The company added that enterprise adoption, not speculation, is driving that growth.

Several major financial and technology companies already use Polygon’s payment infrastructure.

Stripe processes global USDC payments for merchants in more than 150 countries through Polygon. Mastercard settles merchant payouts on the network outside traditional banking hours and selected Polygon as part of its Agent Pay ecosystem.

Also, Shift4 uses Polygon for stablecoin settlements across hundreds of thousands of merchants, while Revolut has processed more than $1.2 billion in stablecoin volume on the network.

Faster Network Targets Enterprise Demand

Recent upgrades have significantly improved network performance. The chain now supports up to 5,000 payments per second, confirms transactions in roughly five seconds, and has operated for six months without a blockchain reorganization.

The network’s roadmap targets 100,000 transactions per second through its Gigagas upgrade while introducing dedicated payment blockspace, confidential transactions, private mempools, and programmable payment features designed for financial institutions.

Polygon is also expanding into AI-powered commerce through the x402 standard. The company is a founding member of the x402 Foundation alongside Coinbase, AWS, Google, Stripe, Mastercard, and Visa, and says future payment infrastructure will increasingly support autonomous AI agents alongside traditional users.