Polygon expands Open Money Stack to Solana, after Tron rollout

Polygon expands Open Money Stack to Solana, after Tron rollout

Summary

Polygon Labs has expanded its Open Money Stack payments services to Solana, allowing businesses to connect bank, card and cash funding with customer accounts, wallets and payouts through one integration. The move follows an earlier expansion to Tron and was driven by customer demand and stablecoin activity. Solana processed about $5.76 trillion in stablecoin transfers from Jan. 1 to Oct. 27, according to Token Terminal. Kira, which offers dollar accounts and stablecoin cross-border payments, is among the first users. Polygon’s recent Coinme acquisition also added US money transmitter licenses or exemptions covering 48 states.