Polygon expands Open Money Stack to Solana, after Tron rollout

Polygon Labs is expanding Open Money Stack, its suite of services connecting bank accounts, crypto wallets and payouts, to the Solana network.

The expansion lets businesses building on Solana use Open Money Stack to accept funding from bank accounts, provide customer wallets and arrange payouts.

Polygon Labs CEO Marc Boiron told Cointelegraph that customer demand and stablecoin activity drove the decision to expand to Solana and, earlier this month, Tron.

Solana recorded about $5.76 trillion in stablecoin transfers between Jan. 1 and Oct. 27, while Tron recorded $6.94 trillion in stablecoin transfers over the same period, according to Token Terminal data.