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NEW: Revolut launches euro-backed stablecoin, EURR, on Polygon
SafePal Gas Station now supporting 8 major chains: #TRON, #Ethereum, #Solana, #Arbitrum, #Base, #Polygon, #Sonic & #BNBChain 🔄 From swaps to transfers ⚡️ Top up with Google Pay, stablecoins & more to use your Gas Balance across chains 👉 https://www.safepal.com/download
Crypto News - 21 August 2026 Bitcoin staged its strongest weekly advance in roughly two and a half years, climbing toward $80,000 as the U.S. Treasury expanded long-dated bond buybacks and spot ETF demand returned. The rebound spread across major tokens, with Ethereum and XRP also posting sharp gains as liquidity expectations improved. The attached Crypto Fear & Greed Index jumped to 72, firmly in “Greed.” That compares with 62 yesterday, 29 last week and 33 last month, showing how quickly sentiment reversed from fear. The move is constructive, but high bond yields and geopolitical risk remain important market headwinds. SEC Proposes New Crypto Offering Rules The SEC proposed “Regulation Crypto Assets” on August 18, opening a formal rulemaking process for token-based fundraising. The proposal would create a startup exemption for offerings of up to $5 million over four years and a second exemption allowing up to $75 million during a 12-month period, subject to disclosures and reporting. It also proposes a safe harbor that could let a crypto asset move outside securities-law treatment once promised managerial efforts have ended. Comments are open for 60 days. A day later, President Trump urged Congress to keep moving the separate Clarity Act. Treasury Advances GENIUS Stablecoin Rules The U.S. Treasury on August 17 proposed part of the GENIUS Act stablecoin framework, focusing on when payment stablecoins are considered issued, offered or sold in the United States. The proposal would help determine which issuers and distributors fall under U.S. licensing rules as the law moves toward implementation. Under the GENIUS Act, entities generally cannot issue payment stablecoins in the U.S. without a federal or state license once the regime takes effect. Treasury opened a 60-day public comment period. For users, the practical issue is which dollar stablecoins can legally reach U.S. customers and through which regulated issuers. Bitcoin ETFs opened the week with $297.5 million in net inflows on Monday, led by BlackRock’s IBIT at $160.2 million and Fidelity’s FBTC at $111.9 million. Tuesday stayed positive at $189.3 million, with IBIT adding $143.6 million and FBTC $23.9 million, partly offset by a $16.9 million outflow from VanEck’s HODL. Wednesday accelerated to $517.2 million, led by IBIT with $284.7 million, ARKB with $77.7 million and FBTC with $62.4 million. Thursday was the strongest session at $606.3 million, driven by $503.0 million into IBIT and $64.7 million into FBTC. Overall, spot Bitcoin ETFs took in $1.61 billion for the week, marking a sharp return of institutional demand. Ethereum ETFs started the week with $30.9 million in net inflows on Monday, led by BlackRock’s ETHA at $25.9 million and Fidelity’s FETH at $4.3 million. Tuesday strengthened to $71.4 million, with ETHA contributing $64.7 million and smaller inflows spread across several funds. Wednesday climbed to $186.8 million, led by ETHA at $122.1 million, FETH at $36.5 million and Grayscale’s ETH at $16.0 million. Thursday was the strongest session at $219.5 million, driven by $173.3 million into ETHA and $35.9 million into BlackRock’s staked ETHB fund. Overall, spot Ethereum ETFs attracted $508.6 million for the week, with BlackRock products accounting for most of the inflows. XRP was the strongest performer in the Metal Pay basket, up 37.8% over seven days, with Ethereum next at 28.9%. Metal Blockchain and Metal DAO gained 24.1% and 23.4%, while Bitcoin, Solana, Dogecoin, Cardano and Loan Protocol all rose more than 20%. The move was part of a broad risk-on rebound tied to improved liquidity expectations, renewed ETF inflows and friendlier U.S. crypto policy signals. XRP also led trading activity on South Korea’s largest exchanges as local crypto volumes surged. Even the weakest name in the group, Hedera, still gained 17.3%.
The multi-trillion-dollar FX market will go onchain for greater capital efficiency. frxUSD is becoming the dollar hub for FX stablecoins + Frax is growing DeFi utility for them. @0xPolygon is one of the best places for it to happen. More to come as we bring the world onchain.
Give Every User A → FREE ← Wallet Every fintech eventually needs the same thing: somewhere for a customer's balance to live, and a way to move it. Most teams pay separate vendors for each piece, one for the wallet, one for routing the balance across chains. Starting now, we're giving both away, at no cost. Approved businesses can now create unlimited embedded wallets through Polygon Open Money Stack (OMS), with crosschain routing included. Customers get stablecoin accounts inside your product, opened with the sign-in they already use, with Polygon Trails routing across 20+ blockchains included. What's included Non-custodial, multi-chain wallets with years of production use and millions of users and transactions behind them. Built into your own app so customers can use existing sign-in, hold their own balance, and skip the seed phrase entirely. Approval limits and card-like holds. Split-key security: no single party ever holds a full key. Web and mobile SDKs in TypeScript, React Native, Swift, and Kotlin. Crosschain routing via Polygon Trails across major blockchains. With Polygon OMS, the wallet sits inside the payment flow. Fund a balance, hold it, route it across chains, settle a payout: use one unified stack instead of stitched-together wallet, ramp, and routing vendors. Why it matters You already know this one: try to pay someone in a market where correspondent banking doesn't reach, and a simple payout turns into a multi-day slog. Not because the money can't move. Because there's nowhere for it to land. An embedded wallet fixes the landing problem. Customers hold stablecoins directly, so a missing local bank account stops being the reason a deal doesn't happen. On custody: your customers hold their own funds here. With non-custodial embedded wallets, that means your business isn't taking custody of their balance. Does that change your own licensing picture? Depends on your model and your markets, honestly, that's a question for your counsel, not us. But we'll walk your compliance team through exactly what the architecture does, so they're not guessing. And once the money's in the wallet, it doesn't get stuck. Trails moves it across Polygon, Solana, Ethereum, Base, and countless other rails in just 1 click, so your customer never sees it happen. So if you're building anything that touches money, start here. Businesses can now apply for OMS Wallets & Accounts at no cost to integrate: with embedded wallet provisioning, crosschain routing, SDKs, APIs, and data services included. [All the details →] [Explore the wallet playground →] [Apply for free wallet infrastructure →]
With Open Money Stack, a deposit becomes a stablecoin, moves where it needs to go, and lands as a payout in local currency. From one dashboard, you can route funds from any token, on any chain, to any destination. You own the product. Orchestration owns the handoffs.
Catch up with the latest from the past two weeks on Polygon ■ @Polymarket's World Cup market on Polygon hits $4.3B, biggest ever onchain ■ MOACT and @hashport_io turn Kansai Electric loyalty points into JPYC on Polygon ■ @jpyc_official volume crosses $265M+ on Polygon, more than every other chain combined ■ @tryramp launches stablecoin settlement for 70,000+ merchants on Polygon ■ @MentoLabs launches FX protocol on Polygon backed by @capa_fi and @Schuman_io ■ @symbiosis_fi launches private swap and send on Polygon ■ @ReahPlatform integrates Polygon Chain for fiat-to-stablecoin business payments ■ @ViaHonest launches on Polygon with onchain proof for real-world goods ■ @BinaryxPlatform launches tokenized Neuralink pre-IPO access on Polygon ■ @endlessdomains launches onchain daily check-ins via identity on Polygon ■ @uquidcard reports 92% more satisfied checkout experiences via Polygon OMS 1-click orchestration ■ Polygon Chain activates Ithaca Upgrade for smoother settlement, fewer node issues ■ Polygon Chain crosses 7.8 billion total transactions
Local currencies move onchain, on Polygon rails. @MentoLabs is live with its FX protocol, starting with a USDm/EURm pool. → backed by @capa_fi as a day-one liquidity partner → with @Schuman_io's EURØP as a reserve asset for EURm
Another payments upgrade is coming to Polygon Chain
Ithaca Upgrade The Ithaca Hardfork has been successfully deployed to Amoy testnet and will be released on Polygon mainnet at block number 50,185,000, at approximately 2 PM UTC on July 29. This upgrade makes payments on Polygon more reliable: an automatic failover keeps transactions moving smoothly in the rare case a block producer stalls, new safeguards block transactions that could slow or destabilize the network, and node operators get better visibility to keep everything running seamlessly under the hood. All node operators must upgrade as soon as possible to ensure compatibility and network safety. Steps to upgrade: https://forum.polygon.technology/t/heimdall-v0-10-0-ithaca-hf-mainnet/22038
Give every customer their own wallet the moment they sign up, ready to send, hold, and earn from day one. That's embedded wallets, built into Polygon OMS. Fund, pay out, and convert currency, all in one stack.
Yesterday, we held PPGC 44. Here's what was covered: ➡️ Ithaca Hardfork (PIP-90): Testnet July 20 + Mainnet July 29 ➡️ Bor and Heimdall Docker Docker Image Migration to Github ➡️ Priority Fees Update See the full release notes on Ithaca: https://github.com/0xPolygon/Polygon-Improvement-Proposals/blob/main/PIPs/PIP-90.md
Polygon Labs Announces Layoffs, Shifts From Blockchain Foundation to Blockchain Payments Company Polygon Labs CEO Marc Boiron said the company is in the final stage of acquiring Coinme and integrating its team. To achieve profitability in 2027, Polygon Labs is transitioning from a blockchain foundation to a blockchain payments company. Boiron said the layoffs are driven by the company's strategic shift rather than employee performance. Polygon Labs added that affected employees will receive severance packages and career placement support.
THE BLOCK: Polygon Labs CEO Marc Boiron announced layoffs as it moves to complete its acquisition of Coinme, which will grow the firm and help transition the “blockchain foundation” into a “blockchain-enabled payments company.”
Coinbase will end support for cbETH deposits and withdrawals on the Arbitrum, Optimism, and Polygon networks on August 17, 2026. cbETH remains fully available to you on the Ethereum and Base networks. What does this mean for you? Read more in the thread ⬇️
Here's what you missed this week on Polygon: ■ @openstandard launches Open USD stablecoin with Polygon as a supported network ■ @crediblefin crosses $152M+ moved across US, India, Brazil, Germany on Polygon ■ @katana marks one year since mainnet launch on Polygon CDK and Agglayer ■ @ClawHarbor's Harbor demos cross-chain agent payments via Polygon Trails ■ @matchametaxyz crosses $348M June volume on Polygon ■ @AgentMail integrates Polygon as x402 payment rail for AI agents ■ Polygon becomes #2 stablecoin DEX aggregation chain, hits $1.23B via 0xproject ■ Polygon crosses 743M transactions in Q2 2026, up 160% YoY
A stablecoin designed as shared infrastructure. Open USD returns reserve economics to the businesses distributing it. OUSD is coming to Polygon. We're excited to help even more businesses build on internet-native rails at scale.
Move money on Polygon, burn POL. The network's native gas and staking token is net-deflationary for 2026.
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