Polygon Labs
Polygon Labs is the Gaming and NFT arm of Polygon, focused on growing the global Blockchain Gaming and NFT industry, bridging the gap between Web 2 and Web 3, and providing investment, marketing, and developer support.
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Meta Resumes Stablecoin Payments, Offers USDC Settlement Services to Creators
According to Fortune, Meta has quietly launched a stablecoin payment feature, offering select creators in Colombia and the Philippines the ability to receive payments in USDC on the Solana and Polygon networks. Creators can enter their third-party wallet addresses into Facebook’s payout platform to withdraw funds. Meta does not provide USDC-to-local-fiat conversion services and partners with Stripe to handle related tax filings. According to Marc Boiron, CEO of Polygon Labs, the initiative is expected to expand to over 160 countries by year-end. This launch comes more than four years after Meta’s Libra project—later renamed Diem—was discontinued in 2022.
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Polygon Launches Native Liquid Staking Token sPOL
Polygon has officially launched its native liquid staking token, sPOL, designed to enhance returns for POL token stakers. As Polygon’s native liquid staking token, sPOL unlocks approximately 3.6 billion staked POL tokens and grants stakers priority access to transaction fee revenue sharing. Currently, only about 4%–5% of POL is liquid; sPOL addresses the issue of idle capital being unable to participate in DeFi yield opportunities. Users can migrate existing stakes to sPOL via the Polygon Staking Portal—without waiting periods and with uninterrupted rewards—while new stakes will automatically receive sPOL. The initial sPOL redemption ratio is 1:1, increasing as staking rewards accrue. sPOL supports liquidity provision, collateralization, and yield-boosting DeFi strategies, and can be redeemed at any time for POL plus accumulated rewards. The token was initially launched by Polygon Labs and audited by ChainSecurity and Certora; official liquidity will be seeded through an on-chain liquidity pool. Polygon cautions that sPOL carries smart contract risk, validator misbehavior penalty risk, and market volatility risk.
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