Polygon Labs Launches Open Money Stack to Bridge Fiat and Onchain Settlement

Core Insights - Polygon Labs has launched the Open Money Stack to enhance regulated stablecoin payments and bridge the infrastructure gap between wallets, fiat access, routing, compliance, and on-chain settlement [1][2] Group 1: Infrastructure and Functionality - The Open Money Stack is designed to facilitate seamless money movement between off-chain and on-chain systems, ensuring instant and reliable transfers while maintaining regulatory controls and interoperability [2] - The stack integrates blockchain rails with orchestration, wallet infrastructure, indexers, RPCs, on- and off-ramps, stablecoin interoperability, compliance tools, identity, and on-chain earning [7] Group 2: Market Context and Trends - The launch aligns with Visa's recent expansion of USDC settlement in the U.S., allowing banks to settle obligations using stablecoins, and reflects a broader trend of regulatory normalization in the U.S. for crypto and stablecoin firms [3] - On-chain activity is increasing, with stablecoin supply on Polygon reaching a three-year high of $3.3 billion, indicating its growing role as a preferred settlement layer for fintechs and institutions [4] Group 3: Long-Term Vision - Polygon's leadership envisions a transformation of money akin to the internet's impact on information, aiming to enable assets to move freely and instantaneously across borders [5] - Over the past six years, the Polygon Chain has facilitated more than $2 trillion in on-chain value transfer, providing insights into operating blockchain systems at a global scale [6]