Polygon brings US banking access to Solana’s $15 billion stablecoin market
Polygon’s OMS expansion lets eligible foreign businesses connect Solana stablecoins to bank rails after verification, within early-access and jurisdiction limits. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Polygon has extended its US banking and stablecoin payment infrastructure to Solana, including access for eligible overseas businesses.
The Oct. 29 expansion of its Open Money Stack (OMS) allows qualifying foreign companies to access US banking rails in their own legal names without establishing a US entity.
The service connects traditional banking with Solana's stablecoin infrastructure, enabling businesses to accept deposits through bank transfers, cards, cash or crypto, convert funds into stablecoins and process payouts through the same channels.
Businesses can also hold funds in embedded or custodial Solana wallets and move assets across Polygon, Ethereum, TRON and other supported networks.
The integration targets fintech companies, remittance providers and payment applications seeking to offer dollar-denominated services across borders without building separate banking, custody and blockchain integrations.
Polygon Labs CEO Marc Boiron said the expansion reflects the company's ambition to support money movement across different blockchains. He said: