According to The Block, Polygon Labs has completed its acquisition of Coinme. This acquisition adds 37 state money transmitter licenses to Polygon Labs’ stablecoin payments infrastructure. The licenses cover services across 48 US states, indicating expanded regulatory coverage for payment processing through the platform’s stablecoin network.
The addition of these licenses supports Polygon Labs’ ability to operate payment functionality within more U.S. jurisdictions under existing state money transmitter regulations. No details are provided regarding timing beyond the completion date of the acquisition or specifics about which states are included in the 48-state total. The integration relates specifically to regulated payments coverage for stablecoin transactions.
Note: Only facts from the summary are used; no numbers, quotes, or interpretations beyond what is stated are added.
