Polygon brings Open Money Stack to Solana to connect bank accounts and stablecoins

Kira, which connects US banking and stablecoins for cross-border businesses, is among the first customers to use Solana through the platform. Polygon Labs has added Solana support to its Open Money Stack (OMS), bringing bank funding, wallet services, cross-chain transfers and payout capabilities together for businesses through a single integration. The expansion, which follows the addition of TRON support, is designed to reduce the need for businesses to manage separate providers and integrations when moving funds from bank accounts into crypto and converting digital assets into payments recipients can access, Polygon Labs said Thursday. Companies can connect supported bank, card, cash and crypto funding routes, create customer accounts and wallets, transfer funds between Solana and networks including Polygon, Ethereum and TRON, and deliver payouts through supported payment channels, the team added. Kira is among the first customers to adopt Solana through the platform. The cross-border payments company is using the service to expand stablecoin options for fintechs, OTC desks and import brokers, including helping clients move stablecoins into dollars for supplier payments. Polygon ...