Polygon brings US banking access to Solana’s $15 billion stablecoin market
Polygon has expanded its payment infrastructure to Solana, allowing eligible foreign businesses to access US banking rails without establishing a US company.
The Oct. 29 expansion of Polygon's Open Money Stack (OMS) allows qualifying foreign companies to access US banking rails in their own legal names without establishing a US entity. This opens new payment routes into Solana's $15 billion stablecoin market, connecting banks, wallets and cross-border transfers.
Banking Integration
The service connects traditional banking with Solana's stablecoin infrastructure, enabling businesses to accept deposits through bank transfers, cards, cash or crypto, convert funds into stablecoins and process payouts through the same channels. Businesses can also hold funds in embedded or custodial Solana wallets and move assets across Polygon, Ethereum, TRON and other supported networks.
Moving all money onchain means enabling money to move on the chains people want to use.
Market Access
The expansion gives Polygon a foothold in one of the largest stablecoin ecosystems outside its own network. According to DeFiLlama data, Solana held more than $15 billion in stablecoins, making it the third-largest network behind Ethereum and TRON. Polygon ranked eighth with approximately $3 billion, highlighting the difference in the networks' existing stablecoin liquidity.
Solana reported processing more than $5 trillion in stablecoin transfer volume in 2026. The integration targets fintech companies, remittance providers and payment applications seeking to offer dollar-denominated services across borders without building separate banking, custody and blockchain integrations.
Regulatory Requirements
Access remains subject to regulatory requirements. Businesses must complete know-your-business verification, while customers initiating payments require separate identity checks. Geographic restrictions and supported payment corridors also determine which transactions are available. The OMS service remains in early access, requiring businesses to apply before using the infrastructure.
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