Polygon has prolonged its US banking and stablecoin fee infrastructure to Solana, together with entry for eligible abroad companies.
The Oct. 29 enlargement of its Open Cash Stack (OMS) permits qualifying international firms to entry US banking rails in their very own authorized names with out establishing a US entity.
The service connects conventional banking with Solana’s stablecoin infrastructure, enabling companies to simply accept deposits via financial institution transfers, playing cards, money or crypto, convert funds into stablecoins and course of payouts via the identical channels.
Companies may also maintain funds in embedded or custodial Solana wallets and transfer belongings throughout Polygon, Ethereum, TRON and different supported networks.
The combination targets fintech firms, remittance suppliers and fee functions looking for to supply dollar-denominated companies throughout borders with out constructing separate banking, custody and blockchain integrations.
Polygon Labs CEO Marc Boiron mentioned the enlargement displays the corporate’s ambition to assist cash motion throughout completely different blockchains. He mentioned:
“Transferring all cash onchain means enabling cash to maneuver on the chains individuals need to use.”
Polygon targets Solana’s $15 billion stablecoin market
The enlargement offers Polygon a foothold in one of many largest stablecoin ecosystems outdoors its personal community.
In accordance with DeFiLlama information, Solana held greater than $15 billion in stablecoins, making it the third-largest community behind Ethereum and TRON.
Polygon, in the meantime, ranked eighth with roughly $3 billion, highlighting the distinction within the networks’ current stablecoin liquidity.
Solana’s fee exercise additionally offers a considerable marketplace for Polygon’s infrastructure companies. Solana reported that the blockchain had processed greater than $5 trillion in stablecoin switch quantity in 2026.
Polygon had already built-in Solana into its Trails routing infrastructure in August, enabling stablecoin and SOL transfers between Solana and greater than 20 Ethereum-compatible networks.
The most recent enlargement provides banking entry, buyer accounts, stablecoin custody and fiat payouts to that current routing functionality.
Underneath the association, a remittance supplier may obtain {dollars} from a buyer, convert them into USDC on Solana, and allow the recipient to withdraw via a supported checking account or different payout channel.
Nonetheless, entry stays topic to regulatory necessities. Companies should full know-your-business verification, whereas clients initiating funds require separate id checks. Geographic restrictions and supported fee corridors additionally decide which transactions can be found.
The OMS service stays in early entry, requiring companies to use earlier than utilizing the infrastructure.
