# Polygon Labs Completes Coinme Acquisition to Expand US Payment Licenses

- URL: https://stocks.freetheai.org/news/polygon-labs-completes-coinme-acquisition-to-expand-us-payment-licenses-540905
- Published: 2026-10-14T13:00:00Z
- Category: crypto; sentiment: mixed; impact: medium
- Symbols: [COINBASE:POLUSD](https://stocks.freetheai.org/symbols/COINBASE-POLUSD)
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Polygon Labs has finalized its acquisition of cryptocurrency firm Coinme as part of a $250 million deal originally announced in January that also includes wallet infrastructure provider Sequence. The purchase secures 37 state money transmitter licenses, 11 state exemptions, and registration with the Financial Crimes Enforcement Network as a money services business. Following the news, Polygon Ecosystem Token (COINBASE:POLUSD) fell 3.92% to 0.09763 USD.

The acquisition expands regulatory coverage for Polygon Labs across 48 U.S. states. The added licenses integrate directly into the company's Open Money Stack, an infrastructure suite that combines fiat on-ramps and off-ramps, wallet technology, cross-chain transaction routing, and settlement. Early corporate users, including Tazapay, Mesh, Toku, and Kira, are adopting the technology for cross-border payments, global payroll solutions, and stablecoin transactions linked to U.S. bank accounts.

While Polygon Chain has now processed more than $3 trillion in cumulative stablecoin transfer volume, the unified Open Money Stack integration remains in a technical preview phase for select clients. Market participants will be watching for a broader commercial rollout as more businesses integrate compliant fiat-to-crypto capabilities.

## Key points

- Polygon Labs completed its acquisition of Coinme, securing money transmission coverage across 48 U.S. states.
- The deal completes part of a $250 million transaction announced in January that also includes wallet infrastructure firm Sequence.
- Coinme adds 37 state money transmitter licenses, 11 state exemptions, and FinCEN money services business registration.
- Early users including Tazapay, Mesh, Toku, and Kira are leveraging the infrastructure for payments, payroll, and stablecoin access.
- The full Open Money Stack integration remains in technical preview, though Polygon Chain has surpassed $3 trillion in stablecoin transfer volume.

## Questions and answers

### Why did Polygon Labs acquire Coinme?

Polygon Labs acquired Coinme to obtain U.S. money transmission licenses across 48 states, integrating regulated fiat payment infrastructure into its Open Money Stack platform.

### What regulatory licenses does Coinme bring to Polygon?

Coinme brings 37 state money transmitter licenses, 11 applicable state exemptions, and registration with the Financial Crimes Enforcement Network as a money services business.

### Is Polygon Open Money Stack available to the public?

Individual components are operating, but the unified Open Money Stack integration is currently in a technical preview phase for select customers.