Mastercard and Polygon Collaboration

Mastercard’s “Crypto Credential” solution aims to enable secure interactions on the blockchain. Mercuryo will handle user verification and create the usernames. The Polygon network offers high transaction speed and low costs, making it the ideal infrastructure for this solution. As a result, blockchain transactions become both fast and secure.

“Instead of copying and checking long hexadecimal strings, users can transact using a single, verified alias recognized across the Mastercard Crypto Credential network,” the release stated. “This approach improves trust, reduces user error, and brings the familiarity of traditional payment flows into self-custody wallets.”

Soulbound Token and Verification Mechanism

The system uses a “soulbound token”–like structure to indicate that a user is verified. This token proves on-chain that a wallet address belongs to a verified user. Users can transact using aliases linked to their wallets. This structure provides significant convenience for self-custody wallet users.

User Experience and the Crypto Ecosystem

This new feature aims to improve the user experience within the blockchain ecosystem. Human-readable aliases reduce the risk of errors, especially for new users. Moreover, verification processes and the token structure make transactions more transparent and secure. Meanwhile, Polygon’s scalable infrastructure enables the system to handle high demand efficiently.

Raj Dhamodharan, Mastercard Vice President of Blockchain and Digital Assets, told PYMNTS: “All of this comes down to what consumers and businesses want. It’s not just about cost, but also trust, simplicity, and convenience. Customers want an end-to-end experience. For consumer adoption, most people won’t even know they’re using stablecoins. In the U.S., there’s already a robust electronic infrastructure of wallets, bank accounts, etc. Crypto-native users may interact directly with the blockchain, but most won’t.”

Users can request a token on Polygon that demonstrates their wallets support verified transfers and helps applications route transactions based on identity data.

Key Benefits

• Wallet transactions with easy-to-remember aliases

• Secure verification for self-custody wallets

• On-chain verification via soulbound token

• Fast and low-cost transactions via Polygon network

• User-friendly experience in the crypto ecosystem

Mastercard and Polygon’s collaboration aims to enhance user trust in crypto transactions. Announced on November 18, 2025, this solution makes blockchain interactions both secure and user-friendly. Verified usernames and self-custody wallet integration represent a significant innovation in the crypto space.

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Bruno Skvorc: “They Stole My Money”

Polygon DevRel Bruno Skvorc revealed that WLFI froze his tokens and refused to release them, citing his wallet as “high risk.” Sharing an email from the compliance team, Skvorc accused WLFI of outright theft.

“TLDR is, they stole my money,” Skvorc posted. “And because it’s the U.S. president’s family, I can’t do anything about it. This is the new age mafia.” He also claimed at least six other investors were subjected to similar 100% lockups.

Compliance Tools Under Fire

The incident drew criticism from on-chain investigator ZachXBT, who highlighted that compliance tools often wrongly flag addresses as risky — sometimes for trivial reasons like DeFi interactions.

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In Skvorc’s case, the flags were linked to past Tornado Cash usage, indirect ties to sanctioned entities like Garantex and Netex24, and activity with a blacklisted dashboard.

Justin Sun’s WLFI Tokens Frozen

The controversy deepened when Tron founder Justin Sun revealed that his WLFI tokens were also frozen after blockchain trackers flagged a $9 million transfer. Sun called the freeze “unreasonable” and said it violated blockchain’s core values, insisting tokens should be “sacred and inviolable.”

These developments raise fresh concerns over WLFI’s operations and may erode investor confidence in the Trump-linked project.

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Stablecoins Dominate Solana’s Tokenized Market

According to data from RWA.xyz, the vast majority of Solana’s tokenized value comes from stablecoins. In total, 17 different stablecoins operate on the network, collectively boasting a market cap of over $11.1 billion.

• USD Coin (USDC) leads with more than $8.18 billion in circulation, holding over 70% of the market.

• Tether (USDT) follows with $1.94 billion, representing nearly 17% of the share.

Treasury Assets and Institutional Funds

Beyond stablecoins, tokenized U.S. Treasury debt makes up the second-largest category of RWAs on Solana, amounting to $304.6 million. Of this, a substantial $249.4 million comes from Ondo Finance’s USDY and OUSG products.

Institutional alternative funds also contribute significantly, with $135.2 million in value. Leading this segment is OnRe’s Onchain Yield Coin (ONYc), which accounts for the majority of the allocation.

Outpacing BNB Chain and Closing in on Stellar

This growth places Solana ahead of BNB Chain, which holds $420.9 million in tokenized RWAs, and just shy of Stellar’s $511.5 million.

While Solana’s tokenized asset base still lags behind Ethereum, zkSync Era, and Polygon, crossing the half-billion mark demonstrates the blockchain’s growing credibility as a platform for real-world financial products.

Traditional Finance Eyes Solana

High throughput, low transaction costs, and scalability are making Solana increasingly attractive to banks and institutional players.

The recent partnership between Solana Foundation and R3 highlights this shift. R3’s client network includes financial heavyweights such as HSBC, Bank of America, Euroclear, and the Monetary Authority of Singapore (MAS) — signaling that traditional finance is looking at Solana as a faster and more efficient option for tokenizing real-world assets compared to other chains.

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What Happened on the Polygon Network?

• The last block was generated approximately two hours ago.

• Since then, the network has failed to produce any new blocks.

• There is no official explanation yet regarding the cause of the interruption.

According to data from blockchain explorers, block production on the Polygon chain has completely stalled. Initial speculation points toward a possible system-wide crash.

Why It Matters

Polygon is one of the leading Layer-2 solutions compatible with Ethereum, known for offering high speed and low transaction fees. As a result, such a network halt could cause delays and disruptions across multiple platforms — from DeFi protocols to NFT marketplaces.

This type of disruption is not only a technical issue but also a significant trust concern for both investors and developers. As one of the most prominent altcoin ecosystems, Polygon is expected to address this issue transparently and swiftly.

Ongoing Investigation

So far, no technical explanation has been provided. Neither the Polygon team nor its official social media channels have shared detailed updates. However, the community is closely monitoring the situation and actively sharing insights through forums and social platforms.

System-wide halts like this could stem from internal infrastructure failures or extended maintenance tasks that exceed their planned durations. Still, possibilities such as a hard fork, malicious attack, or unforeseen upgrade complications are also being considered.

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Background of the GENIUS Act and Its Global Impact

The GENIUS Act is widely seen as a crucial step in U.S. stablecoin regulations. The law encourages issuers to shift from yield-based models to payment-focused use cases. Fabian Dori, Chief Investment Officer at Sygnum, explains that the act aligns the U.S. regulatory framework more closely with the European Union’s MiCA (Markets in Crypto Assets) regulations. This move paves the way for global consensus on stablecoin regulation, creating a solid foundation for real-world use cases.

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According to Dori, the true impact of the GENIUS Act is far beyond regulatory clarity. By offering long-awaited transparency, it boosts confidence among organizations and issuers, encouraging the development of innovative killer apps that not only meet current customer needs but also create demand for entirely new services, including payment solutions.

New Payment Services and Applications Gaining Momentum

Industry giants like Mastercard and PayPal are already laying the groundwork for compliant stablecoin usage, while companies like Amazon and Walmart are exploring applications in payroll and cross-border settlements. These developments highlight the growing potential of stablecoins for payments.

Dori suggests that with interest-bearing stablecoins being limited, issuers will focus more on features like real-time settlement, low transaction costs, and programmable functionalities integrated into payment systems. In this competitive landscape, utility is expected to trump yield, and stablecoins will drive adoption in real-world commerce.

Consumer Adoption Remains the Key to Success

Despite these changes, retail adoption is still a crucial factor. Dori emphasizes that it is not fintech companies but consumer adoption that will determine the pace of stablecoin integration. Polygon Labs Head of Payments and Fintech, Aishwary Gupta, notes that even before the GENIUS Act, there was significant growth in payment-focused stablecoin usage. Gupta points out that Polygon has seen a 67% rise in micropayments, which shows how real-world demand is shaping this shift.

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Grok, xAI’s artificial intelligence system, will analyze real-time posts on the X platform. These analyses will generate notes for Polymarket’s prediction markets. In return, Polymarket’s data will support Grok’s responses by connecting them to relevant discussions on X. Shayne Coplan (Polymarket CEO): 

“The two best truth-seeking applications on the internet are stronger together.” 

Thanks to the partnership, X customers will now have direct access to Polymarket’s prediction markets. Additionally, X’s strong user base will contribute to Polymarket’s growth. This creates mutual benefits for both parties. Moreover, the effective use of blockchain technology will set new industry standards. 

Partnership Details and Expectations 

Under the agreement, X and Polymarket will begin co-developing new products. The two companies aim to offer innovative solutions in blockchain-based financial products. Furthermore, joint projects will expand the user base of crypto and prediction market participants. As a result, more investors will join the digital economy. 

Polymarket is known for creating prediction markets on highly engaging topics such as US elections, sports events, and financial happenings. The platform enables users to assess probabilities of events and earn rewards based on those predictions. With this collaboration, X is expected to increase social media users’ participation in prediction markets, enhancing platform engagement. Linda Yaccarino (X CEO): 

“This partnership is a significant step in transparency and real-time information delivery. Polymarket ensures transparency through prediction markets and has become a real-time information source for many X users. We are pleased to partner with Polymarket and look forward to offering our data and technology to Polymarket users through various creative product integrations.” 

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More Than Just NFTs: Crosschain Power With OS2

OpenSea’s OS2 platform has officially moved out of beta, now enabling full token trading across 14 blockchains. With support for fungible tokens on Solana, OS2 marks a significant step forward in crosschain functionality. According to Chief Marketing Officer Adam Hollander, the goal is simple: give users the ability to mint an NFT on Solana, swap a gaming token on Ronin, and buy a memecoin—all from a single wallet experience.

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This streamlined approach eliminates the need for multiple DApps and bridges, creating a more fluid and user-friendly experience for traders and collectors alike.

User Numbers Tell The Real Story

Despite the broader market cooling from its 2021–2022 highs, OpenSea is showing signs of resilience. Weekly unique collectors have increased by 40% since January, indicating that “the tourists left, but the true users stayed,” according to Hollander.

This trend is reflected across the NFT space. May 2025 saw 936,000 unique buyers—a 50% increase from April’s 622,000. It also marked the first monthly volume uptick in five months, signaling renewed interest in digital ownership.

Digital Ownership Unlocks Real-World Potential

OpenSea believes in the “real power” of provable ownership. Platforms like Courtyard are already bridging the gap between physical assets and NFTs, with physical trading cards being sold onchain. Between April 15–22 alone, this market saw a sales volume of $20.7 million, helping Polygon surpass Ethereum in weekly NFT volume.

According to Hollander, this evolution is just beginning: “New tech starts with narrow use cases, then expands into powerful applications.” With OS2, OpenSea is staking its claim in that future.

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In a statement on X, Bjelic said: 

“As projects evolve and mature, it’s natural for visions to evolve and sometimes diverge. With that in mind, I can no longer contribute to Polygon to the best of my abilities. However, I am confident that the project’s leadership is fully committed to its success. I will always be cheering from the sidelines and supporting however I can.” 

Bjelic will resign from his roles on the Polygon Foundation board. Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun founded Matic Network in 2017. The team later rebranded the project as Polygon. Polygon has gained a significant place in the blockchain ecosystem with its Ethereum Layer 2 solutions. Additionally, the platform has conducted significant R&D in zero-knowledge and proof-of-stake technologies. 

Polygon 2.0 and Token Transition: A New Step in Blockchain 

Polygon launched a significant token transition in late 2024 as part of its 2.0 roadmap. MATIC tokens were replaced with the new POL tokens at a 1:1 ratio. This change aimed to expand the use of the network’s native tokens across gas fees, staking, and infrastructure like AggLayer, making the Polygon network more functional and user-friendly. 

Bjelic’s departure is seen as a natural outcome of the token’s decentralization and changes in the governance structure. Nevertheless, Polygon continues its development process without slowing down. The team remains focused on technical innovations and pushing the boundaries of blockchain technology. With the support of the community and investors, token continues to strengthen its leadership position in Ethereum Layer 2 solutions. 

Lastly, POL is trading at approximately $0.237. This price is about 69% lower than its all-time high of $0.77 in December 2024. The 24-hour trading volume is approximately $142 million. 

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Announced on May 12, the PREH Multifamily Fund focuses on vintage Class A multifamily properties in the top 20 fastest-growing markets across the United States. The fund is entirely digital-native, with compliant onboarding, reporting, capital calls, and potential secondary market transfers all managed via blockchain.

Part of a $750M Institutional Vehicle

The tokenized fund is part of a broader $750 million investment vehicle jointly developed by PREH and major institutional partners including Carlyle, DRA Advisors, Walton Street Capital, RPM, and KKR. Initially, $25 million of the fund will be tokenized on Chintai.

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PREH believes the tokenized structure addresses long-standing challenges in the private real estate market, such as low transparency and limited liquidity.

“Blockchain Offers Top-Tier Compliance and Efficiency”

PREH President Tejas Patel explained the choice of Chintai:

“We chose Chintai for their fully regulated, institutional-grade platform specifically designed for real-world asset tokenization. It enables us to uphold investor protection and compliance while gaining efficiency and access through blockchain.”

Founded in 2010, PREH has executed over $500 million in real estate transactions and manages a national portfolio of high-end multifamily properties.

Chintai, a tokenization-centric layer-1 blockchain, also powers ESG-focused initiatives like the R3 Sustainability Fund. Its native token, CHEX, trades at $0.24 with a market cap of $244 million, per CoinMarketCap.

Tokenization Gains Global Momentum

Real estate tokenization is accelerating globally, with adoption growing in North America, the UAE, and parts of Europe, where new regulatory frameworks are being developed.

One of the main drivers is its ability to eliminate the illiquidity discount that plagues traditional property investments.

Consulting firm Deloitte projects that $4 trillion in global real estate assets will be tokenized between 2030 and 2035, highlighting the scale of the shift underway.

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Over the past week, Doodles NFTs recorded $2.6 million in total sales volume — a 368% increase compared to the previous week — making it the fifth-highest-selling NFT collection.

DOOD Token Airdrop and Exchange Listings

Doodles officially announced on May 7 that its long-anticipated DOOD token will launch on May 9 through a token generation event. The memecoin will initially launch on Solana and later bridge to Base.

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The project will mint 10 billion DOOD tokens, with 68% allocated to the community: 30% for Doodles holders, 13% for the New Blood community, and 25% for the ecosystem fund. The team will receive 17%, and the company will receive 5%, both subject to a 1-year cliff and 3-year vesting period. The remaining 10% will be reserved for liquidity.

NFT holders can pre-register to receive an airdrop allocation. Major exchanges like Binance and Bybit have confirmed that they will list the token after it’s minted on May 9.

NFT Market Sees Overall Growth

As top collections like Doodles gain momentum, the total NFT market reached over $103 million in weekly sales — a 7% increase from the prior week, according to CryptoSlam.

Ethereum-based NFTs led the market with $26.5 million in sales, followed by Polygon at $19.1 million, driven by real-world asset platform Courtyard, which alone posted $17 million in weekly sales. Mythos Chain and Bitcoin NFTs also showed strength with $16 million and $12 million in volume respectively.

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