Polygon Extends Stablecoin Payment Stack to Solana, Adding US Bank Payouts
Photo: TheCoinrise
Solana-based stablecoin businesses can now tap Polygon's infrastructure to settle payments through US banking rails. Polygon Labs has opened its stablecoin payment infrastructure to Solana-based businesses, according to reporting from Cryptopolitan, NewsBTC and CoinTurk News. The expansion lets companies building stablecoin products on Solana route payouts through US banking rails using Polygon's existing framework. The infrastructure in question is often described as Polygon's Open Money Stack. It was originally built to connect stablecoin issuers and payment businesses on Polygon's own network to traditional finance. Extending it to Solana marks a shift from a single-chain offering to a multi-chain payments layer.
Source: TheCoinrise
