Polygon Taps Consortium-Backed Stablecoin for Real-World Payment Power

The Polygon Foundation has announced that Open USD (OUSD) will be integrating with its network. OUSD, launched by the Open Standard consortium of over 140 partners including Visa and Mastercard, is a stablecoin with free issuance and redemption processes, infrastructure sharing, and communal governance.

Polygon CEO Sandeep Nailwal sees this integration as a natural fit, given the network's existing dominance in USDC and USDT activity. With $3.4 billion in stablecoin supply and liquidity, Polygon is strengthening its position with OUSD's unique features.

Nailwal's focus on enhancing the Polygon Proof-of-Stake chain and AggLayer aims to make blockchain transactions faster, cheaper, and more scalable for real-world payment use cases. The Open Money Stack framework also enables secure, instant on-chain money movement.