Update
Polygon Acquires Coinme for Expanded Payment Capabilities
Polygon Labs has completed the acquisition of Coinme, granting Polygon access to 37 money transfer licenses and 11 state regulatory exemptions. This move expands Polygon's ability to support payments, including money moving onchain from the moment dollars enter the system to the moment someone receives the funds. The acquisition now includes 48 state money transmitter licenses and 11 applicable exemptions, registered with FinCEN as a money services business. This regulated access complements Polygon's existing Open Money Stack, which includes accounts and wallets, payment infrastructure, and settlement rails. The strategy now supports businesses in cross-border payments, account funding, global payroll, and U.S. dollar access, with Tazapay, Mesh, Toku, and Kira among the first to adopt Polygon OMS.