Polygon Labs Expands Payments Footprint with Coinme Acquisition
Current overview (not historical)
Polygon Labs has completed its acquisition of Coinme, integrating the 37 state‑wide money transmitter licenses held by Coinme. This move brings Polygon’s stable‑coin payment services to 48 of the 50 U.S. states, marking its formal entry into the regulated payments ecosystem. Through Coinme, Polygon now has the ability to convert between cryptocurrencies, stablecoins, and fiat currencies, and it plans to achieve profitability from regulated payment services by 2027. The unified payment platform remains in a technical preview stage, already partnering with early users such as Tazapay, Mesh, Toku, and Kira.
Written with AI from the reporting · updated 10/17/2026
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- 1Unclassified fact stationOct 14, 00:00recorded Oct 14, 22:23revised
Polygon Labs completes Coinme acquisition
Read original source ↗ The BlockReplay this moment in the explorerEvidence & revisions · 2 source records
- Subject：
- Polygon Labs
- Action：
- completed acquisition
- Object：
- Coinme
- Occurred (fact side)：
- Oct 14, 00:00
- Published (valid side)：
- Oct 14, 21:00
- First seen (known side)：
- Oct 14, 22:23
- Published (valid side)：
- Oct 17, 22:00
- First seen (known side)：
- Oct 17, 22:09
Fact stationRevisedCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
- 2Unclassified fact stationOct 15, 00:00recorded Oct 15, 09:29single sourcerevised
Polygon gains US payments licenses after closing Coinme deal
Read original source ↗ CointelegraphReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- Polygon
- Action：
- gains US payments licenses
- Object：
- Coinme deal
- Occurred (fact side)：
- Oct 15, 00:00
- Published (valid side)：
- Oct 15, 08:55
- First seen (known side)：
- Oct 15, 09:29
Fact stationSingle source · one-sided claimRevisedCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
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- CoinDeskSource report revisedPolygon Labs Acquires Coinme to Enter Payments Sector Dominated by Visa and Stripe
Report first recorded Oct 17, 22:09
Polygon Labs acquired Coinme, a U.S.-regulated crypto payments provider, to launch a regulated payments business that can convert between cryptocurrencies, stablecoins and traditional currencies. The company aims to become profitable in 2027 as it moves beyond blockchain infrastructure into payments processing, a sector dominated by Visa and Stripe. The unified payments platform is currently in technical preview with a small group of early users.
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- CointelegraphRelated fact: single sourceSource report revisedPolygon secures US payments licenses following Coinme deal closure
Report first recorded Oct 15, 09:29
Polygon obtained US payments licenses after closing the Coinme deal, signaling its formal entry into the traditional financial regulatory system. This move aims to expand Polygon's compliant business scope in the payments sector and strengthen cooperation with US regulators.
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- The BlockPolygon Labs acquires Coinme expanding stablecoin payments across 48 US states
Report first recorded Oct 14, 22:23
Polygon Labs completed the acquisition of Coinme, integrating 37 state money transmitter licenses into its stablecoin payments infrastructure, thereby enabling stablecoin payment coverage across 48 US states.
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