Polygon Labs completes Coinme acquisition, bringing regulated payments coverage across 48 US states
Polygon Labs said it completed its Coinme acquisition and folded Coinme’s licenses and exemptions into its Open Money Stack. The new coverage adds that the platform now combines regulated money transmission services with stablecoin payments, digital wallets, and local-currency settlement, while one report says the broader transaction was part of a January-announced $250 million package that also included Sequence.
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Polygon Labs’ completion of the Coinme acquisition matters to users and payment partners that touch its Open Money Stack, because the platform now includes the Coinme licenses and exemptions inside a regulated payments setup. That leaves the combined system positioned as something that can handle more of the path from dollars entering the system to money being spent, as described in the announcement from Polygon Labs.
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