Polygon Extends Open Money Stack to Solana for Stablecoin Payment Flows

Polygon Extends Open Money Stack to Solana for Stablecoin Payment Flows

Summary

Polygon Labs said its Open Money Stack now supports Solana-based businesses across stablecoin payment flows, including account funding by bank transfer, card, cash or digital assets, cross-chain routing, and bank payouts. The infrastructure combines accounts, fiat conversion, wallets and routing, aiming to let payment apps use multiple networks without requiring users to manage bridges. The announcement does not establish actual adoption, transaction volumes, cost savings or revenue. Availability may vary by bank, token and jurisdiction, and KYC, licensing, settlement, integration and counterparty risks remain. Commercial integrations, geographic coverage and measurable improvements in payouts and settlement costs will be key indicators of success.