Polygon Labs has launched the Open Money Stack, a comprehensive infrastructure designed to facilitate regulated stablecoin payments and bridge the gap between fiat and onchain settlements. This initiative aims to streamline global money movement by integrating wallets, fiat access, compliance, and onchain orchestration into a single, interoperable system. The launch aligns with recent regulatory advancements, such as Visa's expansion of USDC settlements and U.S. regulatory approvals for crypto firms. With stablecoin supply on Polygon reaching $3.3 billion, the network is increasingly becoming a preferred settlement layer for fintechs and institutions. Polygon's founders envision this as a transformative step for money, akin to the internet's impact on information, aiming to enable seamless asset transfers globally. The Open Money Stack offers businesses a unified integration for fiat-to-stablecoin onboarding, cross-chain transfers, and comprehensive onchain financial services. Polygon Labs plans to roll out additional capabilities in the coming months, marking a shift from vision to execution in redefining global money movement.
Polygon Labs Introduces Open Money Stack for Seamless Fiat-Onchain Integration
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