Polygon Stablecoin Volume Hits $97.9 Billion in September, Up 14% From August
Polygon processed $97.9 billion in total stablecoin volume in September, marking a 14% increase from August as the network recorded continued growth in stablecoin activity.
USDC Accounts for 69% of Volume
According to BSCN, which shared the data on X, 69% of Polygon's September stablecoin volume came from Circle's $USDC stablecoin. The figure makes USDC the dominant stablecoin by volume on the network during the month.
Polygon's total stablecoin volume increased by 14% from the previous month, rising to $97.9 billion in September. BSCN also reported that Polygon's stablecoin supply currently stands at nearly $3 billion.
Polygon's Stablecoin Activity
The September figures cover both the network's total stablecoin transaction volume and the amount of stablecoins held across Polygon. With $97.9 billion in monthly volume and a stablecoin supply of nearly $3 billion, the data points to a substantial level of stablecoin activity on the network.
USDC represented 69% of the reported September volume, highlighting the stablecoin's significant share of activity on Polygon. The 14% month-over-month increase from August was also part of the growth reported by BSCN.
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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