Polygon announced on 29 October that its Open Money Stack payments platform now supports the Solana network. Through a single integration, businesses can accept funds from bank accounts, cards, cash and crypto, create accounts and embedded wallets for their customers, and convert stablecoins between Solana, Polygon, Ethereum and TRON. Payouts can go to banks, cards, cash or crypto wallets. Kira is among the first users of the new capability.

What it means: Polygon and Solana were rivals for the same users and developers for years, so linking them signals a shift in the industry's priorities. Businesses that want to use stablecoins do not care which blockchain wins, but whether they can send and receive money where their customers and partners are, and easily turn it into ordinary money. Polygon is positioning itself as a payments infrastructure provider sitting above many networks, rather than a network demanding exclusivity. This resembles how traditional payment providers work, connecting many card and banking systems through one interface. For European businesses looking at stablecoin payments, mainly for cross-border transfers and supplier payments, such platforms reduce technical complexity. However, services for EU customers must come from firms holding a MiCA licence or an e-money institution licence, and only stablecoins that meet European rules can be offered freely. The inclusion of TRON, a network used mainly for USDT, shows the platform also targets markets outside the EU.

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