POL
−5.1%Polygon labs completes coinme acquisition for united states payments
Image: CoinGapePolygon Labs completed its acquisition of Coinme on October 14. The transaction brings regulated money-transfer infrastructure across 48 U.S. states into the Open Money Stack platform. The deal adds 37 state money transmitter licenses and 11 exemptions. Four initial businesses adopted the unified payments framework for cross-border transactions, account funding, payroll, and dollar access. Meanwhile, the native token POL traded down 3.38% to near $0.0982.
Key points
- The acquisition expands regulated payment services across 48 U.S. states.
- The deal adds 37 state money transmitter licenses and 11 exemptions.
- Four initial customers adopted the Open Money Stack platform.
Why it matters
The integration connects traditional banking services and stablecoin settlement within a single payments framework. This allows businesses to process international payments, funding, and payroll across multiple networks.
Price context · POL
At publication
$0.0962
Now
$0.0963
Change since
+0.08%
7 days · dashed line = publication
Sources · 3 publishers
Blockonomi
Tier 3
Polygon Completes Coinme Acquisition, Gains Payments Reach Across 48 U.S. States
CoinGape
Tier 2
Polygon Labs Completes Coinme Acquisition, Becomes U.S. Regulated Payments Business
Coverage timeline
- First reported by The Block
- Also reported by Blockonomi
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
