{"id":519963,"date":"2025-11-25T18:30:04","date_gmt":"2025-11-25T18:30:04","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=1232069"},"modified":"2025-11-25T18:30:04","modified_gmt":"2025-11-25T18:30:04","slug":"penny-production-ends-in-the-u-s-as-polygon-showcases-sub-cent-transaction-capabilities","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2025\/11\/25\/penny-production-ends-in-the-u-s-as-polygon-showcases-sub-cent-transaction-capabilities\/","title":{"rendered":"Penny Production Ends in the U.S. as Polygon Showcases Sub-Cent Transaction Capabilities"},"content":{"rendered":"<div class=\"eth-editorial-banner\"> <img decoding=\"async\" class=\"eth-editorial-logo\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2025\/11\/cnf2-scaled-1-1-1.png\" alt=\"Crypto News Flash\"> <span class=\"eth-editorial-text\">All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.<\/span> <\/div>\n<ul>\n<li><b>The U.S. Mint is issuing its final run of pennies, marking the end of the one-cent coin\u2019s 232-year production history.<\/b><\/li>\n<li><strong>The Polygon\u2019s low gas fees, high throughput, and PoS architecture make it uniquely suited for microtransactions.<\/strong><\/li>\n<\/ul>\n<hr>\n<p>On November 12, the U.S. Mint pressed its final circulating penny in Philadelphia. The move followed a January recommendation from the Department of Government Efficiency to eliminate the coin, and it aligned with President Donald Trump\u2019s February directive to end penny minting.<\/p>\n<p>Since minting each penny costs 3.69 cents, producing them has become financially impractical. Last year, the U.S. Mint lost $85.3 million despite producing 3.2 billion pennies. The coins that are already in circulation will remain valid until they phase out with time.<\/p>\n<p>Following this development, some experts have seen this as a step toward on-chain transactions powered by blockchain technology. In a recent conversation with Paul Barron, Polygon Foundation CEO Sandeep Nailwal <a href=\"https:\/\/www.youtube.com\/watch?v=z5HKt45NILI\" target=\"_blank\" rel=\"nofollow noopener\">explained <\/a>the scale of that growth:<\/p>\n<blockquote>\n<p>\u201cAt the start of 2025, Polygon had 200 TPS. Today that TPS stands at around 1000 to 1500 TPS. So we scaled the blockchain 5.7 to 8 times, and our daily transactions were around 3,000,000 transactions daily on the chain. They are now trending towards 5 million transactions, and these are organic payment transactions primarily on stablecoins and on stablecoins.\u201d<\/p>\n<\/blockquote>\n<h3>Polygon\u2019s Footprint in Microtransactions<\/h3>\n<p>Polygon\u2019s Proof-of-Stake chain delivers transaction fees well below one cent. Polymarket reportedly pays just $0.007 per transaction. Other institutions are taking notice: Calastone, a global funds network that handles \u00a3250 billion a month, recently <a href=\"https:\/\/www.crypto-news-flash.com\/polygon-powers-calastones-fund-network\/\" target=\"_blank\" rel=\"nofollow noopener\">announced <\/a>tokenized fund share classes running on Polygon.<\/p>\n<p>Sandeep also revealed Polygon\u2019s plan to make stablecoin transfers feel as simple as sending money on Venmo. In Asia, R25 rolled out its yield-generating rcUSD+ token on the Polygon network in November.<\/p>\n<p>This launch adds to a growing list of partnerships Polygon has secured throughout November. As we previously <a href=\"https:\/\/www.crypto-news-flash.com\/polygon-scores-major-wins-revolut-join\/\" target=\"_blank\" rel=\"nofollow noopener\">reported<\/a>, Mastercard is expanding its Crypto Credential system to support self-custody wallets, and Polygon has become the first blockchain to power verified, human-readable aliases.<\/p>\n<p>Revolut has integrated Polygon across its platform to enable instant stablecoin transfers, POL trading, and staking for users in 38 countries. So far, Revolut has processed more than $690 million in activity on the network, with more than 14 million of its customers engaging with crypto-enabled features.<\/p>\n<p> <a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders. The U.S. Mint is issuing its final run of pennies, marking the end of the one-cent coin\u2019s 232-year production history. The Polygon\u2019s low gas fees, high throughput, and PoS architecture make it uniquely suited for microtransactions. On November 12, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":519964,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[23206,1111,25,10919,1204,4420],"class_list":{"0":"post-519963","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-other","8":"tag-calastone","9":"tag-mastercard","10":"tag-news","11":"tag-pol","12":"tag-polygon","13":"tag-revolut"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/519963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=519963"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/519963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/519964"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=519963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=519963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=519963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}