Polygon has held the first position in stablecoin transfers in the APAC region. The CEO of Polygon stated that stablecoins are “THE” use case. Meanwhile, POL has broken above the 50-day moving average.
Polygon tops APAC stablecoin transfer charts
CEO of the Polygon Foundation, Sandeep, stated that the network topped the charts in stablecoin transfers in the APAC region. The network has held this position for the past 13-15 months, demonstrating its dominance.
Stablecoin is ‘THE’ use case, says Polygon CEO
According to the Polygon CEO, stablecoins have evolved beyond being just another crypto application—they have become the primary use case for blockchain networks because they solve a real-world problem: enabling fast, low-cost, and borderless digital payments without the price volatility associated with cryptocurrencies like Bitcoin or Ether.
The figures support this view. Over the past 12 months, stablecoins processed 16.5 billion transactions and were used by 436.7 million active addresses, while June alone recorded $1.79 trillion in transfer volume. These metrics indicate that stablecoins are no longer confined to crypto trading but are increasingly being used for remittances, cross-border settlements, payroll, decentralized finance, merchant payments, and tokenized asset transfers.
For Polygon, this trend is particularly significant because the network is designed to provide scalable and inexpensive transactions. As stablecoin usage grows, more users and businesses require blockchains that can process large volumes of transactions quickly and at low cost.
Increased stablecoin activity translates into higher transaction throughput, greater network utilization, and stronger demand for Polygon’s infrastructure. This reinforces the network’s role as a payment layer for the digital economy and supports the long-term adoption of its ecosystem.
When the CEO says stablecoins are “the” use case, he is emphasizing that they have moved beyond experimentation and become the blockchain industry’s most widely adopted real-world application. Unlike many crypto sectors that remain niche, stablecoins generate consistent transaction volume and are increasingly integrated into financial services, making them one of the strongest drivers of blockchain adoption today.
POL tests the 50-day MA
POL has been making lower lows since the beginning of 2026, and during this downfall the coin has been testing the 50-day MA but was not able to cross above it. However, currently the token has made a huge move.
POL has crossed above the 50-day MA. Crossing above the 50-day moving average (MA) is considered an important technical milestone because it signals that short- to medium-term momentum is shifting in favor of buyers. The 50-day MA is widely followed by traders and institutional investors as a gauge of the prevailing trend.
When POL moves above this level, it suggests that buying pressure has begun to outweigh selling pressure, potentially marking the end of a corrective phase. The 50-day MA often acts as a dynamic support level during uptrends, meaning that if the price successfully retests and holds above it, traders may view it as confirmation of a strengthening bullish trend.
