What is a USD named account for a business?

A USD named account is a dedicated virtual account issued in a business's name that can receive and send USD via SWIFT and local payment rails. Polygon Open Money Stack provisions these for LATAM platform operators through one API integration, with no US banking relationship required.

How does stablecoin work as a bridge in trade payments?

The importer pays in local currency. Open Money Stack converts to USDC, routes across Polygon, then converts back to USD for SWIFT payout to the exporter's bank. Neither party touches crypto — they see fiat in and fiat out.

What LATAM trade corridors does Polygon Open Money Stack support?

Open Money Stack supports ARS (Argentina), BOB (Bolivia), and CLP (Chile) corridors with validated flow-of-funds, with additional LATAM corridors expanding through 2026.

What KYB process does Polygon use for business clients?

Polygon runs KYB directly on end businesses under a nested compliance model — approximately 5 minutes for low-risk cases, 2 hours for review cases. Platform operators handle local currency collection under their own license.

USD Accounts & SWIFT Payouts for cross-border Trade

Give your business clients USD account numbers and SWIFT payouts with one API

Access USD bank rails. Your clients receive USD via SWIFT and local payment rails, hold balances as stablecoins, and pay overseas suppliers from the same balance. Open Money Stack runs conversion, compliance, and settlement underneath.

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The problem

Slow SWIFT corridors, capital controls, and punitive FX can hamper your business clients. Opening a USD account is impossible without a US banking relationship they do not have.

FEATURES

What you get

USD named accounts in your client's name

Provision dedicated USD account numbers your business clients use to receive SWIFT and local-rail payments

No crypto complexity

Open Money Stack deducts the amount from the client's stablecoin balance, or waits for an inbound stablecoin transfer, and converts to USD and pays out to the supplier's bank account.

Nested KYB on end businesses

KYB on your business clients directly under a nested compliance model. Your platform handles local-currency legs under your own VASP or MSB license.

USD named accounts in your client's name

Provision dedicated USD account numbers your business clients use to receive SWIFT and local-rail payments

No crypto complexity

Open Money Stack deducts the amount from the client's stablecoin balance, or waits for an inbound stablecoin transfer, and converts to USD and pays out to the supplier's bank account.

Nested KYB on end businesses

KYB on your business clients directly under a nested compliance model. Your platform handles local-currency legs under your own VASP or MSB license.

How your client receives a payment

Open Money Stack runs KYB and provisions a USD account for your client. Your client shares the account and routing numbers with their overseas buyer.

The buyer wires USD through SWIFT or a local rail.

Open Money Stack converts received USD to stablecoins on arrival and credits your client's wallet

How your client pays a supplier

Provide the supplier's bank details and chosen rail (SWIFT, ACH).

Open Money Stack deducts the amount from the client's stablecoin balance, or waits for an inbound stablecoin transfer. Open Money Stack converts to USD and pays out to the supplier's bank account.

Track every step. The supplier sees your client's name as the sender when the payment arrives

Advantages

Why Open Money Stack

Open and integrated. Alone in both.

Open Money Stack is the only unified, open stack for moving money globally. One API. One contract. One SLA. Get ramps, wallets and chains in one contract with one set of SLAs.

Proven
at scale

Proven at scale

Polygon has processed $2.5T+ in stablecoin volume. Polygon Chain has seen integrations by Stripe, BlackRock, and JPMorgan. Flow-of-funds for trade payments is documented across ARS, BOB, and CLP corridors.