Polygon integrates Solana into the payment stack, connecting bank accounts with stablecoin payments

Polygon Labs announced that it has integrated Solana into its Open Money Stack payment platform, allowing the network's enterprise clients to connect their dollar bank accounts directly to the global payment network through a single API framework. The platform supports enterprises in depositing funds from bank accounts, transferring funds across chains, and making payments to recipients, while also providing functionalities such as customer accounts and wallets, currency exchange, and routing payments to supported bank accounts, debit cards, cash services, and cryptocurrency wallets.

Kira is one of the first clients to use the Solana integration, helping clients convert between dollars and stablecoins, send payments through banking channels, and pay overseas suppliers. Kira's CEO Edrizio De La Cruz stated that the company has been using Solana to transfer stablecoins, and collaborating with Polygon allows these transfers to be converted into dollars in their bank accounts when clients need to pay suppliers. Open Money Stack simultaneously connects Polygon, Ethereum, and TRON, which was integrated earlier this month.

This integration occurred after Solana activated the Alpenglow consensus upgrade a week ago, which reduced the final confirmation time for transactions from approximately 12.8 seconds to 150 milliseconds. According to data from The Block, the total supply of dollar stablecoins has approached $290 billion, with USDT exceeding $182 billion and USDC nearing $76 billion. Vibhu Norby, Chief Product Officer of the Solana Foundation, stated that the volume of stablecoin transactions processed by Solana in 2026 has exceeded $5.5 trillion. Earlier this month, Polygon also completed the acquisition of Coinme, obtaining money transmission licenses and exemptions covering 48 states in the United States.