Polygon Labs added Solana to its Open Money Stack on Oct. 29, saying businesses can now connect bank funding, stablecoin balances and payouts through one software integration while keeping Solana as their settlement network.
Polygon presents the stack as a way to replace separate vendor contracts and integrations for fiat access, wallets and routing with one provider relationship. Businesses can use the full payment flow or select individual services alongside their existing wallet, compliance provider or ledger.
According to the announcement, services live on Solana include deposits by bank transfer, card, cash or crypto; conversion between fiat and crypto; custodial and embedded wallets; cross-chain routing; and payouts to bank accounts, cards, cash locations or wallets. Supported assets for routing include USDC, USDT, PYUSD, SOL and wrapped SOL.
Polygon described the customer journey as “from a bank payin to a stablecoin balance to a payout, all through one API.” Solana's official account also said the integration was “now live.”
https://x.com/i/status/2115791261328195789
New integrators must request access. Polygon's developer guide describes OMS as early access and directs applicants to request sandbox credentials.
Beyond Cross-Chain Routing
Polygon had already listed Solana among OMS routing networks in its September overview. The new rollout brings embedded Solana wallets into the same API used for Ethereum-compatible wallets and connects them to bank funding and payout services, according to Polygon.
It follows Tron support announced Oct. 8, which connected deposits, USDT wallets, cross-chain routing and payouts through the stack. Both rollouts let businesses retain the network their customers already use rather than requiring them to move to Polygon.
Coinme supplied a different part of the expansion: regulated U.S. access. In its Oct. 14 acquisition-completion announcement, Polygon said its U.S. payments business covered 48 states through 37 money transmitter licenses and 11 applicable exemptions.
Polygon named Tazapay, Mesh, Toku and Kira as early OMS adopters in that announcement. The Solana release names no enterprise customers and discloses no payment volume or transaction count for the new integration.