Polygon Labs completes Coinme acquisition, gains regulated payments coverage across 48 US states
Polygon Labs finalized its Coinme acquisition, securing 37 money transmitter licenses and 11 exemptions for regulated stablecoin payments across 48 US states.
Why it matters
The acquisition gives Polygon a regulated US payments infrastructure combining fiat conversion, digital wallets, payment routing, and stablecoin settlement through a single integration, positioning it to serve businesses seeking compliant crypto payment solutions.
Key facts
The acquisition gives Polygon 37 state money transmitter licenses and 11 exemptions covering 48 US states
37 licensesReported by Crypto.News
Polygon's US payments business is registered with FinCEN as a money services business
Reported by Crypto.News
Tazapay, Mesh, Toku, and Kira are the first customers adopting Open Money Stack
Reported by Crypto.News
POL token declined 3.38% following the acquisition announcement
3.38 %Reported by CoinGape
Open Money Stack unified integration remains in technical preview for selected customers
Reported by Crypto.News
What happened
Polygon Labs completed its acquisition of Coinme on October 14, bringing 37 state money transmitter licenses and 11 exemptions into its Open Money Stack platform, providing regulated payments coverage across 48 US states. The business is registered with FinCEN as a money services business. Four companies — Tazapay, Mesh, Toku, and Kira — are adopting the platform for cross-border payments, account funding, global payroll, and dollar banking services. The deal was part of a $250 million combined acquisition announced in January that also included wallet infrastructure provider Sequence. Polygon Chain has processed more than $3 trillion in cumulative stablecoin transfer volume, while the unified Open Money Stack integration remains in technical preview.
How the story developed
- First report
First report by Crypto.News
Polygon Labs secures payments coverage across 48 US states after Coinme deal
- Official statement
Polygon Labs completes Coinme acquisition
Finalizes deal giving Polygon 37 money transmitter licenses and 11 exemptions across 48 US states
- Update
Four companies adopt Open Money Stack as initial customers
Tazapay, Mesh, Toku, and Kira begin using platform for cross-border payments, payroll, and banking services
- Independent corroboration
Independently corroborated by CoinGape
Polygon Labs Completes Coinme Acquisition, Becomes U.S. Regulated Payments Business
- Official statement
Official statement from Bitcoin.com News
Polygon Rolls Out US-Regulated Payments With Completed Coinme Deal
- Update
Polygon CEO announces job cuts amid Coinme acquisition
Marc Boiron announces role consolidation as company transitions to payments-focused blockchain company
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 14 Oct 2026, 14:00 UTC: Crypto.News — 1 independent source, 1 reports
- 14 Oct 2026, 14:24 UTC: Crypto News (CryptoNews.net) — 2 independent sources, 2 reports
- 14 Oct 2026, 17:55 UTC: CoinGape — 3 independent sources, 3 reports
- 14 Oct 2026, 21:05 UTC: Bitcoin.com News, official — 4 independent sources, 4 reports
- 15 Oct 2026, 00:55 UTC: Cointelegraph — 5 independent sources, 5 reports
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | Polygon Rolls Out US-Regulated Payments With Completed Coinme Deal | Independent | |
| Crypto.News Crypto media | Polygon Labs secures payments coverage across 48 US states after Coinme deal | Original | |
| Cointelegraph Crypto media | Polygon gains US payments licenses after closing Coinme deal | Independent | |
| CoinGape Crypto media | Polygon Labs Completes Coinme Acquisition, Becomes U.S. Regulated Payments Business | Independent | |
| Crypto News (CryptoNews.net) Aggregator | Polygon Completes Coinme Acquisition, Expanding US Payments | Syndicated |
Related events
Weekly NFT sales drop about 23% to $40.9 million as Panini America jumps 557%
CryptoSlam data put seven-day NFT sales near $40.9 million, down about 23%, while Panini America NFT sales rose 557% and Courtyard led collections.
Solana Foundation hires former Binance CMO Conlan as strategy chief and Polygon exec Raees for payments
Rachel Conlan left Binance to become Solana Foundation chief strategy officer, and Polygon Labs' Jamal Raees joined as general manager of payments.
Polygon Labs adds TRON to Open Money Stack for USDT payments and payouts
Polygon Labs said Open Money Stack now supports TRON, letting businesses take USDT deposits on TRON, route it to EVM networks and pay out to banks, cards or cash.
Whitehats move 23,155 NFTs from Limit Break processor exploit; 660 WETH left behind
A whitehat operation moved 23,155 NFTs worth over $5.7M out of wallets that still approved Limit Break's Payment Processor V2; Magic Eden says $1.8M wETH was taken.
Polymarket Starts Protocol V2 Rollout, Targets Nov. 2 Switch for New Markets
Polymarket began canary trading on rebuilt Protocol V2 contracts, with new markets tentatively set to move to V2 on Nov. 2 while existing Conditional Tokens Framework positions stay put.
Tether-backed Orionx to permanently close after audit reveals $7M custody shortfall
Chilean crypto exchange Orionx is shutting down after a forensic audit uncovered more than $7 million in customer assets moved to wallets outside its custody.