Polygon Unveils Open Money Stack to Drive Onchain Payments and Stablecoin Adoption

Polygon Labs has introduced the Open Money Stack, a modular framework designed to simplify stablecoin-based payments and cross-border transactions by integrating onchain settlement, fiat access, and compliance tools.

The platform is intended to function as the 'missing plumbing' between onchain and offchain financial systems, enabling seamless transfers while maintaining regulatory compliance and interoperability.

The framework includes components such as blockchain rails, wallet infrastructure, liquidity orchestration, stablecoin interoperability, compliance tools, identity verification, and onchain earning, offering a full-stack solution for developers and financial institutions.

The Open Money Stack is set to launch later this year and is expected to reduce the reliance on traditional financial intermediaries by enabling direct, instant money movement across the DeFi ecosystem. The infrastructure is modular, allowing businesses to adopt only the components they need, while still connecting with broader networks.

Polygon's CEO Marc Boiron and co-founder Sandeep Nailwal have emphasized that the framework aims to make blockchain-based payments as seamless as traditional systems, bridging the gap between Web2 and Web3 finance.