Polygon Labs launches Open Money Stack to enable borderless stablecoin payments

Polygon Labs has launched the "Open Money Stack," a new modular framework designed to support stablecoin-based payments and simplify cross-border value transfer.

The tech stack is expected to be released later this year, and it is designed to work with different blockchains and can be customized, enabling financial institutions and fintech companies to integrate components such as on-chain settlement, fiat access, and compliance tools.