Polygon Labs Completes Coinme Acquisition, Becomes U.S. Regulated Payments Business

Polygon Labs completed its acquisition of Coinme, becoming a U.S.-regulated payments business with coverage across 48 states. The deal adds 37 state money transmitter licenses and 11 exemptions to its Open Money Stack platform. Tazapay, Mesh, Toku, and Kira are initial customers adopting its stablecoin payment infrastructure.