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

Polygon Labs expanded its Open Money Stack product to include the TRON blockchain, allowing companies to offer stablecoin payments and cross-border transfers through a single integration. The move is aimed at remittance firms, fintech companies and payment providers that want to accept fiat and deliver or move USDT as part of payment flows. Under the new setup, a business could accept funds via bank transfer, debit card or cash, convert those funds into USDT on TRON, and later cash out to a bank account. Polygon’s co-founder Sandeep Nailwal explained the integration removes the need for firms to first assemble banking access, wallets and other orchestration before using TRON-based digital-dollar services. Polygon said the update also permits businesses to move USDT between TRON and supported EVM networks without separately connecting to a wallet provider, bridge and fiat-ramp operator. Polygon’s announcement noted this does not change the regulatory or licensing responsibilities of payment firms — TRON is not being presented as a bank and firms must still meet applicable compliance obligations. TRON is a major conduit for Tether’s dollar-backed token: Polygon cited more than $94 billion of USDT on the network. CoinDesk data referenced by Polygon indicated about 93% of TRON’s $30 trillion stablecoin transfer volume in the second quarter was peer-to-peer, the highest such share among tracked networks. Polygon launched Open Money Stack in January after acquisitions of Coinme and Sequence, and said its fiat-ramp service operates under money-transmitter licenses and compliance systems that cover 48 U.S. states.