Polygon expands payment stack to Solana
Key points
- Polygon Labs has extended its Open Money Stack payments platform to Solana.
- Businesses can connect bank deposits, cards, cash, stablecoin wallets and payouts through one integration.
- The expansion supports cross-chain transfers and fiat conversions while allowing businesses to keep operating on Solana.
Polygon Labs has expanded its Open Money Stack to Solana, connecting businesses with banking and stablecoin payment services.
The integration gives Solana businesses access to bank transfers, card payments, cash deposits and cryptocurrency funding.
Businesses can convert fiat into stablecoins, manage customer wallets and route payments across supported blockchain networks.
The platform provides regulated fiat on-ramps and off-ramps backed by money transmitter licences across 48 US states.
Supported assets include USDC, USDT, PYUSD, SOL and wrapped SOL, enabling conversions between fiat and digital currencies.
Polygon’s infrastructure also supports transfers between Solana, TRON and Ethereum-compatible networks through a single transaction.
The service targets fintech companies, payment apps, marketplaces and platforms building products on Solana.
Following the update, Polygon Ecosystem Token (POL) was trading at $0.0859.
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