Polygon Labs Completes Coinme Acquisition to Add US-Regulated Payment Rails

Polygon Labs has completed its acquisition of Coinme, folding 37 U.S. state money-transmitter licenses and 11 applicable exemptions, plus federal registration, into the Polygon Open Money Stack and turning the Ethereum scaling team into a regulated payments operator, according to the company’s announcement . The deal, confirmed on 14 October 2026, is the clearest step yet in Polygon’s pivot from layer-2 infrastructure toward the bank and card rails where fiat money actually moves. The transaction matters because it closes the gap between onchain value and the accounts people can spend from.

Source: Blockchain Reporter