Polygon brings its stablecoin payments stack to Solana

What sources claim

• Polygon Labs said the expansion brings its Open Money Stack to Solana for the first time, letting businesses connect bank, card, cash and crypto funding routes, create embedded wallets, route and convert funds across networks including Polygon, Ethereum and Tron, and pay out to banks, cards or wallets, Decrypt reported.
• Cross-border payments firm Kira is among the first to adopt Solana through the stack, using it to help clients turn stablecoin transfers into dollars in their bank accounts to pay overseas suppliers, according to Decrypt.
• The Solana Foundation said the network processed more than $5 trillion in stablecoin volume this year, Decrypt reported.

Still unresolved

• Which specific Solana-based businesses beyond Kira have committed to using Open Money Stack on Solana, and what terms or volumes those integrations involve, would need confirmation from Polygon Labs or the companies themselves.
• The exact go-live date of the Solana integration and whether any fees or licensing terms apply to businesses using the stack on Solana would require an official Polygon Labs announcement or documentation.

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