Visa adds Polygon network to stablecoin settlement program

Visa has added the Polygon network to its global stablecoin settlement program, according to Polygon Labs. The move allows Visa's partners, including card issuers and acquirers, to settle transactions using stablecoins based on the Polygon blockchain. Polygon Labs noted that its network is one of the leading blockchains for U.S. dollar-based stablecoin payments, citing its high transaction speeds and low fees as key advantages for large-scale financial settlements.