Polygon Labs has officially expanded its Open Money Stack payment infrastructure suite to the Solana network. The integration allows companies building on Solana to connect banking, digital wallets, and global cash-outs. The move brings the Solana ecosystem into a unified payment rail directly linked to conventional financial systems.
How Solana Transfers Turn into Dollars in Supplier Bank Accounts
Open Money Stack unites various transaction tools into a single technical integration. Bank account funding rails, card payments, embedded wallets, cross-chain transfers, and fiat payouts to local bank accounts are now accessible through a single gateway. For cross-chain routing, the protocol facilitates value transfers across four blockchains: Solana, Polygon, Ethereum, and TRON.
Kira, a cross-border payments firm, is an early customer utilizing this infrastructure on Solana. Kira leverages Open Money Stack to convert stablecoin transfers into US dollar balances in international suppliers’ bank accounts. This model allows suppliers to receive funds directly into their bank accounts without opening crypto exchange accounts or managing digital wallets themselves.
The bridge connecting Solana and the Polygon ecosystem is not entirely new. Through its Trails service, Polygon Labs has supported asset transfers between Solana and EVM-compatible (Ethereum Virtual Machine) networks since August 2026. The arrival of Open Money Stack completes that foundation by adding banking layers and local fiat off-ramping.
Payment Rails Behind $5.76 Trillion in Volume
Polygon is expanding its reach to Solana amid heavy stablecoin activity on the network, which recorded over $5.76 trillion in transfer volume throughout 2026. That figure places Solana in direct competition with TRON, which posted $6.94 trillion in stablecoin transfer volume over the same period.
In the US market, the move bolsters Polygon’s position in payments following the completion of its Coinme acquisition. Through that corporate deal, Polygon holds 37 money transmitter licenses and 11 regulatory exemptions across 48 US states. This licensing foundation offers legal certainty for businesses looking to process crypto conversions into conventional banking channels.
For businesses on Solana, this integration eliminates the complexity of stitching together separate payment vendors. Stablecoin transfers from multiple chains can now land directly as dollar balances in international suppliers’ bank accounts without repeated intermediary bottlenecks.
Reported via crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
