# Polygon Launches Open Money Stack in Technical Preview

*Polygon launches Open Money Stack in technical preview, a hosted API that converts cash deposits and bank wires into USDC or USDT on Polygon. *

By [ETH Daily](https://ethdaily.io) · 2026-06-04

polygon, stablecoins, payments, usdc, usdt, defi

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Polygon [launched](https://polygon.technology/blog/polygon-open-money-stack-enters-technical-preview) Open Money Stack (OMS) in technical preview, a [payments infrastructure platform](https://ethdaily.io/860) that allows businesses to move money globally using stablecoins. Provided as a hosted API service, the Open Money Stack (OMS) integrates into existing payment flows. Cash deposits and bank wires are automatically converted into [USDC or USDT](https://ethdaily.io/cash-app-supports-usdc-transfers) on Polygon.

The platform allows businesses to [accept stablecoin payments](https://ethdaily.io/mastercard-supports-stablecoin-settlement), generate deposit wallets per customer, transfer stablecoins, and off-ramp back to fiat via ACH, Fedwire, or RTP. Cash onramps are live across 48 US states. The launch includes external wallet routing and a full API with webhooks, RBAC, and SSO. Embedded wallets, individual bank off-ramps, swaps, and cross-chain bridges are on the roadmap. Access is currently limited to select partners.

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*Originally published on [ETH Daily](https://ethdaily.io/polygon-launches-open-money-stack-in-technical-preview)*