Solana’s Lily Liu says ‘unblocked’ after Polygon launch

In its message, Solana described the service as connecting payment infrastructure to the network and said businesses build where their customers already are. Liu’s response accompanied that announcement without giving an account of the earlier blocking or describing any agreement between the teams.

Polygon’s Oct. 29 announcement describes a payment service that lets businesses collect funds, hold customer balances, move assets between networks and arrange payouts while keeping their products on Solana.

Solana businesses gain bank deposits and payouts

According to Polygon, the supported funding methods include bank transfers, cards, cash, and cryptocurrency. Businesses can convert traditional currencies into digital assets on Solana and convert them back when customers need to withdraw.

The company lists USDC, USDT, PYUSD, SOL and wrapped SOL among the supported assets, with routing between Solana, TRON and Ethereum Virtual Machine networks. One example in the announcement describes accepting USDC from an Ethereum wallet and delivering SOL to a Solana user.

Customer funds can sit in custodial or embedded wallets, while virtual accounts identify the customer or business receiving an incoming bank transfer. Polygon says its embedded Solana wallets use the same application programming interface as its EVM wallets.

Businesses can choose individual services while retaining their existing wallet, compliance provider, ledger or settlement infrastructure, according to the announcement.

As previously reported by crypto.news, Kira is among the companies adopting the Solana payment integration. The fintech serves businesses including over-the-counter trading desks and import brokers that need dollar banking and stablecoin transfers.

Kira co-founder and CEO Edrizio De La Cruz said the company already uses Solana for stablecoin transfers, according to that report. He described the Polygon connection as helping convert those transfers into dollars in customers’ bank accounts when supplier payments fall due.

The report identifies Solana’s September appointment of former Polygon Labs executive Jamal Raees as general manager of payments, with responsibility for working with payment companies and enterprises exploring the network for financial transactions.

The report cites Solana Foundation Chief Product Officer Vibhu Norby as saying the network processed more than $5 trillion in stablecoin transaction volume during 2026.

Polygon Trails supported Solana before the latest launch

In an Aug. 3 announcement, Polygon said its Trails service had begun routing stablecoins and SOL between Solana and more than 20 EVM-compatible chains in both directions.

The supported assets listed then were SOL, wrapped SOL, USDC, USDT and PYUSD. Available routes included Ethereum, Polygon, Base, Arbitrum, Optimism, Avalanche and BNB Chain, alongside other networks.

Polygon described Trails as the cross-chain routing component of Open Money Stack. Its August release said users could fund transactions through cards, Apple Pay or exchange balances, while businesses used one integration without maintaining bridges or prefunding liquidity across chains themselves.

The same release described OMS as combining on-ramps, off-ramps, wallets and settlement with cross-chain routing. Today’s announcement details Solana support across the payment flow, including virtual accounts, embedded wallets and bank payouts.

Between the two announcements, Polygon added TRON support on Oct. 8. Its TRON payment integration introduced recurring USDT deposit addresses, wallet services and transfers to supported EVM networks.

According to that announcement’s coverage, businesses could receive USDT on TRON and deliver USDC on another supported network. Companies could program payment instructions and arrange withdrawals through bank accounts, cards or supported cash pickup services.

Coinme deal supplies U.S. payments coverage

Polygon announced the completion of its Coinme acquisition on Oct. 14, describing coverage across 48 U.S. states through its payments business.

Its acquisition announcement gives a more specific breakdown than the Solana launch page’s reference to licenses across 48 states. The business holds 37 state money transmitter licenses and 11 applicable exemptions, and is registered with the Financial Crimes Enforcement Network as a money services business.

Earlier coverage of the completed Coinme acquisition identified Tazapay, Mesh, Toku and Kira as early OMS customers. Their uses include cross-border business payments, account funding, payroll and dollar banking access.

Polygon’s customer descriptions assign different functions to those integrations. Tazapay uses wallet and fiat conversion services alongside its local banking and SWIFT connections, while Mesh is adding an on-ramp to a network connecting more than 300 wallets, exchanges and financial services.

In its Coinme announcement, Polygon says Toku uses wallet and payout capabilities for workers receiving stablecoins and converting earnings into local currency. The payroll company operates in more than 100 countries, handling employment contracts, withholding, benefits and local filings.

Kira’s services include dollar accounts at multiple U.S. banks and access to ACH, Fedwire, and FedNow, according to the same announcement. Its customers can pay overseas suppliers through SWIFT and move between stablecoins and U.S. dollars.