Polygon Labs Completes Coinme Acquisition for Stablecoin Payments
Photo: Coincu
Polygon Labs has completed its acquisition of Coinme, the cryptocurrency cash exchange network, in a deal the company frames as a direct expansion into stablecoin payments infrastructure, according to the acquisition announcement. No financial terms, closing date, or regulatory approval details have been disclosed in the available record. The confirmed facts are narrow: Polygon Labs, the organization behind the Polygon blockchain network, has acquired Coinme, and the stated strategic rationale is expansion into stablecoin payments. No transaction price, equity structure, or timeline for integration has been made public as of this report.
Also reported by BitKE.
Source: Coincu
