Polygon provides Solana to fee stack linking financial institution accounts, crypto and payouts. Polygon added Solana to its funds platform, connecting companies to financial institution funding, cross-chain transfers, stablecoins and world payouts. Source link

Polygon adds Solana to Open Money Stack in major expansion. Polygon Labs has expanded its Polygon Open Money Stack to support Solana, allowing enterprises to manage bank funding and payouts via a single technical integration and commercial relationship. Key takeaways. * Polygon Labs integrated Solana into its Open Money Stack to unify bank transfers, cross-chain routing, and payouts. * The expansion unlocks access to Solana's $5 trillion stablecoin market with guaranteed all-in enterprise pricing. * Kira has adopted the system as Polygon's U.S. payments arm extends regulatory coverage across 48 states. Streamlining cross-border money movement. Polygon Labs announced on Oct. 29 the expansion of its Polygon Open Money Stack to Solana, giving businesses a single integration to move money from bank accounts, transfer cryptocurrency across networks, and pay customers and suppliers. Kira, which connects U.S. banking and stablecoins for cross-border businesses, is among the first customers adopting Solana in the Open Money Stack. For a business, sending crypto is only part of making a payment. Moving money from a bank account into a wallet, trading it, and transferring it back into a recipient's bank account often requires several providers. Polygon Open Money Stack consolidates those capabilities. A business building on Solana can connect funding, accounts, wallets, cross-chain routing, and payouts through one technical connection and one commercial relationship. Businesses can adopt the full stack or use individual components alongside their existing systems. "Every bank and fintech that wants to use crypto faces the same problem: connecting them to the accounts and payment systems its customers already use," said Sandeep Nailwal, co-founder and CEO of Polygon Foundation, in a statement. "Open Money Stack brings those connections together. Adding Solana means more businesses can build on the network their customers choose and use Polygon to handle the money movement around it." Addressing how the integration expands Polygon's addressable enterprise market compared to its existing footprint of Ethereum Virtual Machine-compatible networks, Marc Boiron, CEO of Polygon Labs, noted that liquidity access is the primary driver for enterprises. "Enterprises put less value on which network a payment runs on and more value on having it be the network where funds are already available," Boiron told Bitcoin.com News. "Many of their customers and partners for Polygon Open Money Stack already hold stablecoins on Solana, so bringing Solana to the Open Money Stack lets them execute transactions in the environment they prefer. With Solana integrated in the Open Money Stack, liquidity scattered on other networks and Solana can be easily moved anywhere needed for a payment to be made." Through the Polygon Open Money Stack, businesses can fund payments, move money across networks, and deliver payouts by connecting supported bank, card, and crypto routes directly to Solana products. The platform also enables cross-network money movement between Solana and other supported chains with built-in routing, conversion, and transaction execution. Price predictability and enterprise adoption. To mitigate unpredictable costs associated with cross-chain execution and floating foreign exchange rates, Boiron explained that the platform provides enterprises with price transparency. "Our approach is to give the enterprise a quoted, all-in price before execution and lock it until the quote expires, so FX and cross-chain execution costs don't show up as an unpredictable post-trade pass-through," Boiron said. "The quote reflects the applicable conversion and execution costs, while Polygon Open Money Stack routes based on price, liquidity, and other approved criteria. Polygon may absorb costs at times where economics allow it." Meanwhile, Solana Foundation Chief Product Officer Vibhu Norby highlighted in a statement that Solana's $5 trillion-plus in 2026 stablecoin volume shows growing demand for connecting the network to traditional banking and payout systems. He noted that Polygon Open Money Stack gives companies an additional way to leverage these features while supporting existing Solana infrastructure. Real-World implementation. Kira is using Polygon Open Money Stack to expand stablecoin options for fintechs, OTC desks, and import brokers. Its clients can open U.S. dollar accounts, send and receive payments through supported bank rails, pay suppliers abroad, and move between stablecoins and dollars. "We already use Solana to move stablecoins, and working with Polygon helps us turn those transfers into dollars in our clients' bank accounts when they need to pay suppliers," said Edrizio De La Cruz, CEO and co-founder of Kira, in a statement. The Solana expansion follows Polygon Open Money Stack's recent addition of Tron network support and Polygon's completed acquisition of Coinme. Polygon's U.S. payments business supports operations across 48 states. Polygon Chain, an Ethereum scaling network and settlement rail within the Polygon Open Money Stack, has surpassed $3 trillion in cumulative stablecoin transfer volume. WRITTEN BYTerence ZimwaraAuthor/Writer Terence Zimwara is an award-winning journalist and author specializing in the intersection of African macroeconomics and digital finance.

Solana's Lily Liu says 'unblocked' as Polygon adds payments. By anonymous - October 29, 2026 Solana Foundation President Lily Liu has said "unblocked and unmuted" as Solana's Oct. 29 announcement confirmed its integration with Polygon's Open Money Stack for stablecoin payments. Lily Liu's post quoted Solana's announcement that its network was live on Polygon's Open Money Stack, with bank connections, wallets and conversion services available through one integration. Her four-word response appeared above the announcement, which in turn quoted Polygon's own post about the launch. In its message, Solana described the service as connecting payment infrastructure to the network and said businesses build where their customers already are. Liu's response accompanied that announcement without giving an account of the earlier blocking or describing any agreement between the teams. Polygon's Oct. 29 announcement describes a payment service that lets businesses collect funds, hold customer balances, move assets between networks and arrange payouts while keeping their products on Solana. Solana businesses gain bank deposits and payouts. According to Polygon, the supported funding methods include bank transfers, cards, cash, and cryptocurrency. Businesses can convert traditional currencies into digital assets on Solana and convert them back when customers need to withdraw. The company lists USDC, USDT, PYUSD, SOL and wrapped SOL among the supported assets, with routing between Solana, TRON and Ethereum Virtual Machine networks. One example in the announcement describes accepting USDC from an Ethereum wallet and delivering SOL to a Solana user. Customer funds can sit in custodial or embedded wallets, while virtual accounts identify the customer or business receiving an incoming bank transfer. Polygon says its embedded Solana wallets use the same application programming interface as its EVM wallets. Businesses can choose individual services while retaining their existing wallet, compliance provider, ledger or settlement infrastructure, according to the announcement. As previously reported by crypto.news, Kira is among the companies adopting the Solana payment integration. The fintech serves businesses including over-the-counter trading desks and import brokers that need dollar banking and stablecoin transfers. Kira co-founder and CEO Edrizio De La Cruz said the company already uses Solana for stablecoin transfers, according to that report. He described the Polygon connection as helping convert those transfers into dollars in customers' bank accounts when supplier payments fall due. The report identifies Solana's September appointment of former Polygon Labs executive Jamal Raees as general manager of payments, with responsibility for working with payment companies and enterprises exploring the network for financial transactions. The report cites Solana Foundation Chief Product Officer Vibhu Norby as saying the network processed more than $5 trillion in stablecoin transaction volume during 2026. Polygon Trails supported Solana before the latest launch. In an Aug. 3 announcement, Polygon said its Trails service had begun routing stablecoins and SOL between Solana and more than 20 EVM-compatible chains in both directions. The supported assets listed then were SOL, wrapped SOL, USDC, USDT and PYUSD. Available routes included Ethereum, Polygon, Base, Arbitrum, Optimism, Avalanche and BNB Chain, alongside other networks. Polygon described Trails as the cross-chain routing component of Open Money Stack. Its August release said users could fund transactions through cards, Apple Pay or exchange balances, while businesses used one integration without maintaining bridges or prefunding liquidity across chains themselves. The same release described OMS as combining on-ramps, off-ramps, wallets and settlement with cross-chain routing. Today's announcement details Solana support across the payment flow, including virtual accounts, embedded wallets and bank payouts. Between the two announcements, Polygon added TRON support on Oct. 8. Its TRON payment integration introduced recurring USDT deposit addresses, wallet services and transfers to supported EVM networks. According to that announcement's coverage, businesses could receive USDT on TRON and deliver USDC on another supported network. Companies could program payment instructions and arrange withdrawals through bank accounts, cards or supported cash pickup services. Coinme deal supplies U.S. payments coverage. Polygon announced the completion of its Coinme acquisition on Oct. 14, describing coverage across 48 U.S. states through its payments business. Its acquisition announcement gives a more specific breakdown than the Solana launch page's reference to licenses across 48 states. The business holds 37 state money transmitter licenses and 11 applicable exemptions, and is registered with the Financial Crimes Enforcement Network as a money services business. Earlier coverage of the completed Coinme acquisition identified Tazapay, Mesh, Toku and Kira as early OMS customers. Their uses include cross-border business payments, account funding, payroll and dollar banking access. Polygon's customer descriptions assign different functions to those integrations. Tazapay uses wallet and fiat conversion services alongside its local banking and SWIFT connections, while Mesh is adding an on-ramp to a network connecting more than 300 wallets, exchanges and financial services. In its Coinme announcement, Polygon says Toku uses wallet and payout capabilities for workers receiving stablecoins and converting earnings into local currency. The payroll company operates in more than 100 countries, handling employment contracts, withholding, benefits and local filings. Kira's services include dollar accounts at multiple U.S. banks and access to ACH, Fedwire, and FedNow, according to the same announcement. Its customers can pay overseas suppliers through SWIFT and move between stablecoins and U.S. dollars.