The Polygon (POL) price has notched an intraday advance of about 3%, hitting 24-hour highs of $0.093 as daily volume increased by over 47%.
A market snapshot of the altcoin’s price movement suggests renewed speculative interest as the Giugliano hardfork goes live on the mainnet. Reports also indicate Polygon Labs is seeking to expand its stablecoin payments strategy.
Could POL price edge above $0.100 amid the potential bullish flip for Bitcoin and top altcoins?
Polygon Labs eyes $100M for stablecoin push
The latest report is that Polygon Labs is in early talks to raise to $100 million to launch a regulated stablecoin payments business designed to boost on‑chain transaction volume across its ecosystem.
The effort represents a major move by a layer-2 blockchain developer, and stablecoin payments could position Polygon not just as infrastructure but as a full‑stack provider of compliant payment rails.
The initiative builds on Polygon’s earlier expansion into payments. It includes the team’s January announcement that it would combine capabilities from partners such as Coinme and Sequence to offer a more integrated, rules‑compliant stablecoin framework.
The target is to have a platform capable of competing with incumbents like Stripe.
Data from the network’s stablecoin markets show that total stablecoin capitalization on Polygon has climbed to a record level above $3.5 billion.
Token Relations noted in a post on X that this marks an increase of more than 80% over the past year, with Circle’s USDC accounting for nearly half of that supply at around $1.8 billion.
Meanwhile, regional and niche stablecoins are also gaining traction. One example is the Japanese yen‑denominated JPYC, which has processed roughly $136 million in cumulative volume. JPYC has about $90 million of that activity occurring on Polygon.
Polygon price forecast amid launch of Giugliano hardfork
Polygon’s gains in the past day come as the Giugliano hardfork goes live on the Polygon mainnet at block number 85,268,500.
The upgrade is designed to enable faster transaction finality by allowing block producers to announce blocks earlier, incorporate fee parameters directly into block headers, and introduce new remote procedure call support to expose richer fee data to wallets and infrastructure providers.
From a fundamental perspective, these changes aim to make Polygon transactions more predictable and efficient, a dynamic that typically supports a bullish narrative for tokens tied to network usage when paired with growing activity in areas such as stablecoin payments.
Analysts note that, while some profit‑taking is possible amid the latest gains, the medium‑term case for POL is bullish.
Catalysts include improving on‑chain metrics, expanding stablecoin float, and Polygon Labs’ push into regulated payments. All of these can enhance fee generation and attract long‑term capital.
From a technical perspective, the market is watching resistance near recent local highs. Momentum indicators point to a cautiously positive bias, as long as POL holds above its short‑term support band carved out over the last several sessions.
Key resistance and support price levels lie around $0.102 and $0.088, respectively. Both bulls and bears will watch out for a breakout above or below these immediate levels.
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