Polygon Labs is expanding its stablecoin payments infrastructure to Solana, allowing businesses on the network to connect bank accounts, cards, cash and crypto funding sources through a single integration. The move gives companies another route to move digital dollars across networks and pay customers or suppliers through banks, cards or wallets.
One connection for crypto payments
The offering, called the Open Money Stack, is a collection of payments tools that Polygon says can reduce the complexity of building crypto payment systems. Businesses can use the complete platform or select individual components for integration with systems they already operate.
Crypto transfers themselves are generally straightforward. The more difficult task for businesses is connecting those transfers with traditional financial accounts: bringing money in from a bank account, converting it into digital assets and returning funds to a recipient’s bank account. Companies often need separate providers and integrations for each stage.
Polygon’s expanded stack is designed to combine those functions through one technical connection and one commercial relationship. On Solana, businesses can link bank, card, cash and crypto funding channels, create embedded wallets, move and convert funds between networks, and send payouts to banks, cards or wallets.
For example, a remittance company could accept dollars from a sender, deliver USDC to a recipient on Solana and connect that recipient with a bank payout. The example illustrates how stablecoins can be used as a transfer layer while the people sending or receiving money continue to use familiar financial channels.
Kira among the first users
Cross-border payments company Kira is among the first businesses to adopt Solana through the Open Money Stack. It is using the infrastructure to help clients convert stablecoin transfers into dollars deposited in bank accounts, allowing those clients to pay suppliers overseas.
Polygon Foundation co-founder and CEO Sandeep Nailwal said banks and fintech companies face the challenge of connecting crypto services with the accounts and payment systems their customers already use. Polygon said adding Solana gives more businesses the opportunity to build on a network selected by their customers.
The expansion does not replace Polygon’s own network. Instead, it extends the company’s payments infrastructure to a competing blockchain and supports its broader effort to provide tools for businesses using stablecoins across multiple networks, including Polygon, Ethereum and Tron.
Solana’s payments momentum
The launch comes as Solana gains attention as a venue for payments. The Solana Foundation said the network processed more than $5 trillion in stablecoin volume this year. Solana has also introduced an institutional settlement standard with input from J.P. Morgan and brought its Alpenglow upgrade online, according to the source material.
For Polygon, the Solana expansion follows other steps in its payments strategy, including its acquisition of crypto-cash company Coinme. Stablecoins are crypto tokens designed to maintain a stable value relative to a reference asset, commonly a fiat currency such as the U.S. dollar. Their use in payment infrastructure can allow businesses to move digital funds while connecting them to conventional payout methods.
Market picture
Moneyiar market data at 2026-10-25 22:39 +03:30 shows Solana (SOL) at $101.5978856709, up 0.03% over 24 hours and down 1.52% over seven days. Polygon (prev. MATIC), now shown as POL, was $0.0898082186, up 0.39% in 24 hours and down 0.74% over seven days. The data lists Polygon (MATIC) without a price.
The Polygon expansion was reported by Decrypt.
