Polygon Joins Enterprise Ethereum Alliance to Advance Institutional Payment Rails

• Polygon joins EEA to work on institutional payment rails, global settlement, and compliant movement from onchain to traditional rails.
• Open Money Stack ties stablecoin rails to Coinme on/off ramps and Sequence wallet tools for merchant and user access.

Polygon has joined the Enterprise Ethereum Alliance (EEA), enabling the network to work with enterprise members on payment infrastructure that connects traditional financial systems with onchain settlement. The company said the effort is tied to its “Open Money Stack,” a payments platform focused on instant transfers, reliability, and compliance requirements for institutional use.

The EEA confirmed that Polygon is joining alongside Nethermind and Ethena. According to the EEA, the group will coordinate work related to global settlement, merchant access, and compliant rails, using the alliance’s working groups and governance processes designed for enterprise collaboration.

The move comes as the network expands its product and standards efforts. As CNF reported recently, Ethereum’s ERC-8004 trustless agent standard is now live on the network, enabling portable identity and reputation for agents across applications. The update is part of a broader infrastructure needed for enterprise-grade deployment and interoperable services.

Polygon’s Open Money Stack to Target Enterprise Users

The EEA alliance noted that Polygon has signed agreements to acquire Coinme and Sequence to support its Open Money Stack, as we reported. Coinme is already providing regulated money movement across 48 U.S. states, with fiat on- and off-ramps available at more than 50,000 retail locations. Sequence is a wallet infrastructure with one-click cross-chain interoperability, which processed $7B in peer-to-peer stablecoin volume in November last year.

The other new member of the alliance, Nethermind, is a firm that focuses on infrastructure for production deployments, including reliability under load, upgrade readiness, and security practices that institutions can operate, EEA outlined. This practical implementation experience can be shared through enterprise coordination channels.

Ethena is the Ethereum-based synthetic dollar protocol behind USDe and the sUSDe savings product. USDe has reached $10B in total value locked. In the meantime, Ethena has recently included Kraken and Anchorage as backing custodians, alongside Ceffu and Copper, as part of its custody set.

Polygon recorded its largest week of the year for weekly DEX volume at $1.93B, further supporting the network’s push to pair onchain liquidity with institutional-grade payment workflows. The network’s DeFi ecosystem could have its biggest year yet; as we reported, Billon Finance Asia’s first leveraged vault for tokenized RWAs with isolated lending pools on Polygon earlier this month. With its stablecoin payments now available in 100+ countries, it’s now targeting a $50 trillion global payroll market.

Despite this update, the Polygon (POL) price has not yet recovered. At press time, POL was trading at $0.08887, a 4% decline.