todayonchain.com

Polygon Labs and DeCard Integration Expands Real-World Use of Stablecoins

BeInCrypto
Polygon Labs and DeCard integrated to allow spending of USDT and USDC across 150 million global merchants.

Summary

Polygon Labs and DeCard (formerly Diners Club Singapore) have partnered to significantly expand the real-world utility of stablecoins by enabling holders of USDT and USDC on the Polygon network to spend them across over 150 million merchants globally. This integration addresses the utility gap, as most stablecoins are currently confined to trading or DeFi, with less than 1% of global money flows involving them. DeCard now supports instant deposits of Polygon-based stablecoins, allowing customers to use these balances for everyday payments. Polygon Labs CEO Marc Boiron stated this collaboration makes stablecoins usable in daily life, moving toward mainstream financial freedom. This development aligns with broader industry momentum, including other stablecoin adoption in international transfers and domestic payments, signaling a shift toward merging blockchain efficiency with regulated payment systems.

(Source:BeInCrypto)