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CryptoMediumUpdated×2•Originally published 17 April 2026•Updated 17 April 2026•

1 min read

Polygon Labs Seeks $100M Raise for New Stablecoin Payments Venture

Key Facts

1Polygon Labs is seeking to raise between $50 million and $100 million in equity for a new stablecoin payments business.

about 2 months ago

Version History

Version 2about 2 months ago

What changed: Added information regarding the launch of the sPOL liquid staking token which unlocked $330 million in liquidity.

Version 1about 2 months ago

What changed: Updated story to include technical details regarding the Giugliano hardfork, integration with partners like Coinme, and immediate positive price action for the POL token.

Polygon Labs is in talks to raise up to $100 million for a new stablecoin payments unit, coinciding with the successful launch of the 'Giugliano' hardfork. Expanding its DeFi capabilities, Polygon has also introduced a new liquid staking token, sPOL, which effectively unlocks approximately $330 million in liquidity. The sPOL token allows users to receive a liquid representation of their staked assets to be deployed across DeFi protocols without locking up capital. Following these developments, the POL token price rose 3% to $0.093, supported by a 47% surge in daily trading volume. This dual focus on regulated payments and liquid staking infrastructure signals a significant expansion for the Polygon ecosystem. These moves reflect growing institutional confidence and a strategic push to enhance capital efficiency for global financial transactions.