Polygon Labs Finalizes Coinme Acquisition to Boost US Stablecoin Payments

Key Facts

Polygon Labs completed its acquisition of Coinme, securing money transmitter licenses and exemptions across 48 US states. Blockonomi reported that the finalized deal is intended to facilitate regulated stablecoin payments across the United States through a compliant infrastructure.

The acquisition provides Polygon with 37 money transmitter licenses and 11 state exemptions, which will support its Open Money Stack payment platform. This expansion aligns with the company's goal to bridge traditional fiat and digital assets, noting that Coinme served over one million users when the deal was initially announced.