Polygon integrates Solana into Open Money Stack, enabling stablecoin businesses to make payments to US bank accounts
Polygon opens US bank payouts to Solana stablecoin businesses
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Polygon Labs has integrated Solana into Open Money Stack, enabling businesses to receive bank deposits, hold stablecoins, and make payments to US bank accounts. The stack provides customers with virtual accounts, supports transfers of USDC, USDT, PYUSD, SOL, and wrapped SOL across Solana, TRON, and EVM chains, and enables funds to be paid out to bank accounts, bank cards, cash, or wallets.
The article outlines the full path from bank deposits and stablecoin holdings to payments to US bank accounts after Polygon integrated Solana into Open Money Stack, as well as the scope of its licensing coverage.
Source:Cryptopolitan · cryptopolitan.com