Polygon Takes Its Payments Toolkit to Solana, Targets Stablecoin Rails
Summary
Polygon Labs has launched its Open Money Stack on Solana, letting businesses access bank funding, wallets, cross-chain transfers and payouts through one integration. The service connects banking, cards, cash and crypto to Solana apps, while Polygon handles routing and conversions across networks. Cross-border payments firm Kira is an early adopter, using the infrastructure to move stablecoins into clients’ dollar bank accounts. Polygon says its chain has processed more than $3 trillion in cumulative stablecoin transfers; Solana reports over $5 trillion in stablecoin volume this year. The launch reflects competition to provide payment links between blockchains and traditional financial networks.
