polygonlabs

Polygon ($POL ) brought into a Bank of England experiment.

Polygon Labs has joined a consortium that helps the Bank of England explore the potential of a digital pound in combination with stablecoins. The project is aimed at improving cross-border trade finance, especially for small businesses.

As part of the program, together with NOBO Finance and Dun & Bradstreet, Polygon provides its own technological platform, the Open Money Stack—stablecoin payment calculation tools, smart contracts, and crypto wallets. The main goal of the testing is to verify whether programmable payments and digital identity can speed up settlements and free up companies’ working capital.

The initiative is purely research-based and does not mean an immediate release of the UK CBDC, but it highlights the important role of the Polygon ($POL ) ecosystem in testing future financial infrastructure.

#Polygon #PolygonLabs #pol

Polygon Labs is targeting a $100M raise to expand into stablecoin payments

#PolygonLabs is aiming to raise up to $100M to grow its payments division, marking a shift from general-purpose #Layer2 scaling toward dedicated consumer and merchant payment infrastructure.

The planned raise would build on a previously announced $250M acquisition push, targeting #Coinme and #Sequence , giving Polygon a vertically integrated stack across fiat on/off-ramps, card and ATM distribution, and developer APIs.

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