SS #50 - Revolut Bets on Polygon

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Good morning.

The latter half of the week has delivered a concentrated wave of bullish institutional adoption news, particularly centered on the Polygon ecosystem. Fintech giant Revolut, which serves over 65M users, has officially designated Polygon as its primary technology stack for stablecoin transfers, payments, and trading services. This development was reinforced by a similar strategic move from Mastercard, which selected Polygon to underpin the expansion of its Crypto Credential program, bringing verified, human-readable usernames to self-custody wallets. Adding to the week's focus on stablecoin regulation, the Canadian government recently secured parliamentary approval for a budget proposal that includes a new, dedicated policy framework governing fiat-backed stablecoins.

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In Today's Edition:

• Headline: Revolut Bets on Polygon

• Quick Bites: Canada Approves Budget That Advances Policy for Stablecoins

• Yield of the Week: 21.21% APY on 3Jane

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HEADLINE

Revolut Bets on Polygon

State of play: Fintech giant Revolut, with over 65M users, has officially designated Polygon as its primary technology stack for stablecoin transfers, payments, and trading services.

• Revolut, a major global neobank, is channeling its 65M users across 38 countries into the Web3 ecosystem through Polygon.

• The integration is specifically focused on enabling seamless, low-fee cross-border money transfers, remittances, and in-app crypto card payments using stablecoins (USDC and USDT).

• This partnership reinforces Polygon's position as a preferred Layer 2 solution for major financial institutions, following its recent collaboration with Mastercard.

What’s Next: The integration is expected to drastically increase on-chain remittance volume on Polygon. Other major fintechs will likely be compelled to secure similar L2 partnerships to remain competitive in global payments.

Why it Matters: This partnership validates Layer 2 scalability for mainstream financial services, bringing millions of non-crypto native users into the Web3 ecosystem via one of the world's largest neobanks, driving mass adoption.

Our Take: Polygon is firmly positioned as the institutional L2 leader. Projects in its ecosystem should prioritize user-friendly DApps aligned with payments and remittances to capitalize on the massive incoming retail user base.

QUICK BITES

• Tether’s gold hoard surges to 116 tons.

• Tether makes strategic investment in Ledn.

• Canada approves budget that advances policy for stablecoins.

• Ark Invest buys more Circle, Bullish and BitMine as stocks fall sharply.

• MegaETH to open pre-deposit window for USDm stablecoin next week.

• Sky authorizes up to $2.5B to back Obex-incubated crypto yield projects.

• Deutsche Börse to add SocGen’s MiCA stablecoins to core market systems.

• Mastercard picks Polygon to bring verified usernames to self-custody wallets.

• Stablecoin spending goes mainstream with Opera MiniPay’s LaTam integration.

• World Liberty Financial reallocates funds following 'third-party security lapses'.

• Core Foundation secures injunction blocking Maple Finance's rival bitcoin yield product.

• Figment, OpenTrade and Crypto.com offer 15% stablecoin yield product for institutions.

YIELD OF THE WEEK

edgeX eLP: 83.78% APR

• edgeX is a high-performance, orderbook-based perpetual decentralized exchange (Perp DEX), designed to deliver a native and efficient trading experience.

• eStrategy is the protocol providing core liquidity and advanced strategy trading to edgeX, initially supporting an Automated Market Maker (AMM) to enhance market depth and execution quality.

• eStrategy depositors function as AMM counterparties to traders and generate revenue from passive market-making profits, liquidation fees, and platform trading fees.

Paradex Gigavault: 21.3% APR

• Paradex is a high-speed, deep-liquidity trading platform built on the DimeVM Layer 2 blockchain, optimized for extreme scale and offering full-portfolio control via mobile.

• Paradex Vaults are smart contract pools where investors deposit collateral (currently USDC) to receive tokens representing their share of the assets.

• Vault Operators actively manage these pooled assets using trading strategies, focusing solely on perpetual futures, to generate returns for the depositors.

3Jane sUSD3: 21.21% APY

• 3Jane is an Ethereum-based peer-to-pool money market that facilitates unsecured lines of credit underwritten using verifiable proofs of crypto and bank assets, cash flows, and credit scores.

• sUSD3 is the junior, first-loss, yield-bearing staked asset that backstops the credit pool and absorbs initial defaults while providing levered yield to holders.

• sUSD3 is subordinate debt with specific constraints, including a one-month lock, a required cooldown period for withdrawal, and a cap at 15% of the total pool.

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