Polygon Sees 49% Surge in Q3 Stablecoin Transfers, Reaching $15 Billion

Polygon, a prominent Layer 2 scaling solution for the Ethereum blockchain, recorded a significant 49% quarter-over-quarter increase in peer-to-peer (P2P) stablecoin transfers, totaling $15.11 billion in the third quarter of 2025. This substantial growth underscores the network's expanding role as a leading platform for payments and Real World Assets (RWA) tokenization, as highlighted in a recent report by crypto research firm Messari. The report, published today, details Polygon's robust performance and strategic advancements.The Messari "State of Polygon Q3 2025" report confirms the network's strong momentum, with P2P stablecoin transfers rising from $10.18 billion in Q2. This surge reflects a consistent demand for low-cost, high-frequency stablecoin transactions, reinforcing Polygon's position in the on-chain payments sector. "Polygon is living up to its goal of becoming the leading payments/RWA chain," stated "Jake," who published Messari's report.Beyond P2P transfers, payments-focused applications on Polygon PoS facilitated $1.82 billion in transfer volume across over 50 platforms, marking a 49.2% increase quarter-over-quarter. Stablecoin-linked crypto cards also processed $380.8 million in combined Mastercard and Visa volume. These figures demonstrate the network's growing utility in bridging digital assets with traditional payment systems.Polygon's commitment to Real World Assets (RWA) tokenization continued to accelerate, with the total RWA value on Polygon PoS reaching $1.14 billion. This was driven by new institutional issuances, including a ‑100 million blockchain-based bond from Germany’s state-owned NRW.BANK and Spain's first fully regulated on-chain Security Token Offering (STO) by BeToken. Such initiatives are positioning Polygon as a core infrastructure layer for bringing traditional finance onto the blockchain.The network also saw significant technical upgrades in Q3, including the Bhilai Hardfork, which boosted throughput to over 1,000 transactions per second, and Heimdall v2, reducing transaction finality to approximately five seconds. These enhancements, alongside the deployment of the Rio Testnet, are part of Polygon's Gigagas roadmap, aiming for up to 5,000 transactions per second and strengthening its capacity to support large-scale transaction flows for fintechs and payment service providers.