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Polygon Launches Open Money Stack To Power Onchain Stablecoin Payments

The suite targets regulated settlement with tools for wallets, compliance, fiat ramps, plus cross-chain transfers.

Overview

  • The integrated stack bundles blockchain rails, wallet orchestration, indexers and RPCs, on- and off-ramps, stablecoin interoperability, compliance and identity layers, plus onchain earning.
  • Polygon says many components are already live or available through partners, with additional capabilities rolling out in phases over the coming weeks.
  • The company is seeking design partners for early access and plans an AMA next week to discuss the roadmap and answer questions.
  • Polygon reports processing more than $2 trillion in onchain value transfers to date, with stablecoin supply on its network around $3.3 billion.
  • Coverage notes the launch follows Visa’s expansion of USDC settlement for participating U.S. banks as well as recent OCC approvals of crypto-related trust bank charters.