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first_img Polygon integrates Solana into the payment stack, connecting bank accounts with stablecoin payments

Polygon Labs announced that it has integrated Solana into its Open Money Stack payment platform, allowing the network's enterprise clients to connect their dollar bank accounts directly to the global payment network through a single API framework. The platform supports enterprises in depositing funds from bank accounts, transferring funds across chains, and making payments to recipients, while also providing functionalities such as customer accounts and wallets, currency exchange, and routing payments to supported bank accounts, debit cards, cash services, and cryptocurrency wallets.Kira is one of the first clients to use the Solana integration, helping clients convert between dollars and stablecoins, send payments through banking channels, and pay overseas suppliers. Kira's CEO Edrizio De La Cruz stated that the company has been using Solana to transfer stablecoins, and collaborating with Polygon allows these transfers to be converted into dollars in their bank accounts when clients need to pay suppliers. Open Money Stack simultaneously connects Polygon, Ethereum, and TRON, which was integrated earlier this month.This integration occurred after Solana activated the Alpenglow consensus upgrade a week ago, which reduced the final confirmation time for transactions from approximately 12.8 seconds to 150 milliseconds. According to data from The Block, the total supply of dollar stablecoins has approached $290 billion, with USDT exceeding $182 billion and USDC nearing $76 billion. Vibhu Norby, Chief Product Officer of the Solana Foundation, stated that the volume of stablecoin transactions processed by Solana in 2026 has exceeded $5.5 trillion. Earlier this month, Polygon also completed the acquisition of Coinme, obtaining money transmission licenses and exemptions covering 48 states in the United States.

Huobi HTX has reached constructive communication with the Financial Conduct Authority (FCA) of the United Kingdom, and the related lawsuit has been properly resolved

Huobi HTX announced that the UK Financial Conduct Authority (FCA) had previously initiated legal proceedings against the exchange in the UK. After a period of constructive communication between both parties, the matter has now been properly resolved.Huobi HTX has always sincerely cooperated with the FCA, actively collaborating and responding to its concerns regarding the UK market. During this period, Huobi HTX, based on its commitment to continuously adhere to compliance standards, has gradually strengthened restrictions related to the UK market and exit arrangements, and implemented supporting operational measures.These measures were already in place before this settlement was reached. The settlement further consolidates the aforementioned measures and does not constitute an admission of any legal liability, misconduct, or violations by Huobi HTX.The settlement eliminates relevant legal uncertainties and is consistent with the exchange's commitment to continuously enhance compliance levels. This is beneficial for Huobi HTX to focus on the most important matter, which is to provide high-value services to users and achieve long-term sustainable growth.Huobi HTX thanks all parties for their professional cooperation in properly concluding this matter and will continue to focus on responsibly serving users. Looking ahead, Huobi HTX is willing to constructively cooperate with all parties in the industry, including working hand in hand with regulators where appropriate, to jointly safeguard user interests and promote the healthy development of the digital asset ecosystem.
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