Polygon expands US banking access to Solana's 15 billion stablecoin market

Polygon has extended its US banking and stablecoin payment infrastructure to Solana, allowing eligible overseas businesses to access US banking rails without establishing a US entity. The Oct. 29 expansion of its Open Money Stack (OMS) connects traditional banking with Solana's stablecoin infrastructure, enabling businesses to accept deposits through various channels, convert funds into stablecoins, and process payouts. Businesses can hold funds in Solana wallets and move assets across Polygon, Ethereum, TRON, and other networks. The integration targets fintech companies and payment applications seeking to offer dollar-denominated services across borders. Polygon aims to support money movement across different blockchains, reflecting its ambition to facilitate on-chain transactions. The expansion positions Polygon in Solana's 15 billion stablecoin market, which is the third-largest network behind Ethereum and TRON. Solana has processed over 5 trillion in stablecoin transfer volume in 2026. The latest expansion adds banking access, customer accounts, stablecoin custody, and fiat payouts to existing routing capabilities. Businesses must complete verification processes, and access remains subject to regulatory requirements. The OMS service is currently in early access, requiring businesses to apply for usage.

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