Revolut Unveils Instant Polygon Remittances for USDC & USDT
Fintech firm Revolut has launched instant Polygon remittances, enabling UK and EEA users to send USDC and, for the first time, USDT stablecoin transfers on-chain. Live since December 2024, the low-fee feature records settlements in seconds and up to 90% lower costs than Ethereum mainnet. The pilot covers 30+ countries and has processed over $690 million in transactions. Compliance with EU regulations limits operations to non-EU EEA territories, while global expansion is planned by year-end. Market analysts and Polygon Labs CEO Marc Boiron say the Polygon remittances will bolster demand for MATIC, USDC, and USDT. This move underscores the growing role of layer-2 solutions in mainstream finance.
Bullish
The integration of Polygon for remittances by a major fintech like Revolut serves as a strong bullish catalyst for MATIC. In the short term, increased on-chain activity and demand for Polygon’s network fuel higher gas usage, driving token demand. Over the long term, this partnership validates layer-2 solutions’ utility in mainstream finance, enhancing MATIC’s adoption and network effects. Stablecoin transactions on Polygon also strengthen the ecosystem, potentially attracting other projects and users, thus supporting sustained price growth.