CoinDesk·3 min read·medium

Polygon taps TRON’s $94 billion stablecoin supply for seamless cross-border transfers

O
Olivier Acuna
Polygon taps TRON’s $94 billion stablecoin supply for seamless cross-border transfers
✦AI Summary

Polygon has integrated its Open Money Stack with the TRON network to facilitate seamless cross-border stablecoin transfers. This infrastructure allows businesses to move USDT between networks without needing separate wallet or fiat-ramp providers.

Why it matters

It simplifies the technical barriers for fintech and remittance firms to utilize high-volume stablecoin liquidity for global payments.

✦Dive DeeperCreate a free account to unlock

Open Money Stack is targeting businesses that might want to use TRON for digital-dollar services without the requirement to combine banking access, wallets and other orchestration first, Polygon co-founder Sandeep Nailwal told CoinDesk.

“By connecting TRON to Open Money Stack, we’re giving businesses a way to offer that service through one integration,” he added.

The new service is built for remittance firms, fintechs and payment companies. A customer could fund a payment with a bank transfer, debit card or cash, receive USDT in a TRON wallet and later cash out to a bank account.

This does not make TRON a bank, nor does it remove the licensing obligations of payment firms. It gives them a single connection for pieces of a payment flow that have often been handled through separate providers.

Continue reading on Headlinne

Create a free account to read the full article.

Read full article →
technologybusinesscrypto
✦

Get smarter about the news

Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.

Create free account

Already have an account? Sign in