In May 2026, Polygon processed about $79.25 billion in stablecoin transfers across 198 million transactions, leading all blockchains in transaction count and surpassing Solana and BNB Chain. This marks Polygon's second-highest stablecoin volume month and highlights its growing role as a preferred settlement layer for digital dollar payments, supported by low fees and fast settlement times. Despite this onchain activity surge, Polygon's token price has not risen accordingly, reflecting a broader trend where network usage and token values diverge. Polygon continues to expand its payments infrastructure and targets emerging markets, processing $309 million in Latin American stablecoin volume in May alone.
