Polygon Labs has completed its acquisition of cryptocurrency payments company, CoinMe, adding regulated money-transfer capabilities across 48 U.S. states as the blockchain developer expands its focus on payments and stablecoin infrastructure.

 

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The acquisition gives Polygon access to 37 state money transmitter licences and 11 exemptions, alongside registration with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) as a money services business, the company said.

The deal forms part of a combined $250 million acquisition announced in January 2026 for CoinMe and wallet infrastructure provider, Sequence. Polygon plans to integrate their regulatory coverage, wallet technology, and cross-chain transaction routing into its Open Money Stack payments platform.

  • Tazapay,

  • Mesh,

  • Toku, and

  • Kira

are among the first companies adopting the platform for cross-border business payments, cryptocurrency funding, payroll, and access to U.S. dollar accounts.

  • Tazapay is using the infrastructure to connect stablecoins with local currencies for international business payments.

 

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  • Mesh is adding payment on-ramps to its network of more than 300 wallets, exchanges and financial services providers.

 

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  • Toku plans to use the platform for compliant payroll and local-currency payouts in more than 100 countries.

 

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Polygon said its blockchain has processed more than $3 trillion in cumulative stablecoin transfer volume.

 

The company is seeking to combine blockchain settlement with traditional banking and payment networks allowing businesses to move funds between bank accounts, cash, and digital assets through a unified infrastructure.

The acquisition marks a further shift in Polygon’s strategy from blockchain scaling technology towards regulated financial infrastructure as crypto companies compete to capture demand for stablecoin payments and cross-border money transfers.

 

 

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