Polygon saw highest stablecoin volume and wallet activity in LATAM, Sandeep Nailwal notes

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Polygon saw highest stablecoin volume and wallet activity in LATAM, Sandeep Nailwal notes — Polygon leads stablecoin activity in LATAM

Sandeep Nailwal, CEO at Polygon Foundation, reports that Polygon led stablecoin adoption in Latin America. In May, more stablecoin transfer volume occurred on Polygon in the region than on any other blockchain, amounting to around $309 million.

Additionally, over half of all active stablecoin wallets in Latin America were on Polygon, underscoring its dominant position in both transaction volume and wallet usage.

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Sandeep Nailwal previously highlighted a milestone of $2.6 trillion in stablecoins moved on Polygon, while defending a forecast of $5–10 trillion annual volume by 2030 in $2.6 trillion in stablecoins moved on Polygon, Sandeep Nailwal notes. He also introduced the Open Money Stack, an initiative aimed at enabling instant value transfers through a unified API, as reported in Sandeep Nailwal: Open Money Stack aims to modernize value transfer with Polygon API. These developments add context to Polygon's current share of stablecoin activity in Latin America.

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