Polygon OMS launches fiat balances for 24/7 stablecoin conversion
Polygon added fiat balances to its Open Money Stack (OMS), letting teams and users hold USD onchain ahead of time and convert to stablecoins or send fiat directly without a new wire each time. Because funds sit inside the stack, conversion clears 24/7 instead of waiting on banking hours.
Use cases include cross-border settlement from a single US balance, staging payout batches before deadlines, and moving a working slice into Treasury onchain. Users fund via the same fiat rails and can hold either dollar or stablecoin balances from anywhere. Early access is available to Polygon OMS users. Learn more in Polygon's blog.
Sources
- Integrated into the unified stack to move stablecoins globally. Get early access to Fiat Balances on Polygon OMS: https://t.co/5Jl4VSYkBT Replying to their earlier post: Hold a dollar or stablecoin balance from anywhere, fund it however you have money, and move it whenever you need to, to anyone, anywhere. Learn more in our blog: https://t.co/eWd71DlhQvx.com ↗
- Hold a dollar or stablecoin balance from anywhere, fund it however you have money, and move it whenever you need to, to anyone, anywhere. Learn more in our blog: https://t.co/eWd71DlhQv Replying to their earlier post: Three ways teams can use it: → Cross-border: one US balance settles payments across corridors instead of a new correspondent relationship each time → Payouts: stage a batch ahead of the deadline inst…x.com ↗
- Three ways teams can use it: → Cross-border: one US balance settles payments across corridors instead of a new correspondent relationship each time → Payouts: stage a batch ahead of the deadline instead of waiting on a wire to clear → Treasury: move a working slice onchain, Replying to their earlier post: Converting fiat to stablecoin used to require a new wire every time, which only moved on banking hours. Fiat balances let you hold dollars inside the Open Money Stack ahead of time, so conversion can…x.com ↗
- Converting fiat to stablecoin used to require a new wire every time, which only moved on banking hours. Fiat balances let you hold dollars inside the Open Money Stack ahead of time, so conversion can clear 24/7. Funding happens from the same fiat rails you use to fund your Replying to their earlier post: New to OMS: fiat balances Stage USD ahead of time, then convert to stablecoin, or send fiat directly, the moment you need to move money. No new wire. No waiting on banking hours. https://t.co/MweLgV…x.com ↗
- New to OMS: fiat balances Stage USD ahead of time, then convert to stablecoin, or send fiat directly, the moment you need to move money. No new wire. No waiting on banking hours. https://t.co/MweLgVDliEx.com ↗
