Polygon Completes Coinme Deal to Expand U.S. Payments

• Polygon adds 37 state money transmitter licenses and 11 exemptions through Coinme.
• Tazapay, Mesh, Toku and Kira adopt Open Money Stack for payments, funding and payroll.
• Polygon Chain surpasses $3 trillion in cumulative stablecoin transfer volume, according to the company.

Polygon Labs has completed its Coinme acquisition, expanding its regulated U.S. payments operations across 48 states. The deal integrates money transmission services into Polygon Open Money Stack, connecting traditional banking infrastructure with stablecoin payments and blockchain settlement.

Polygon Completes Coinme Acquisition With 48-State Coverage

Polygon Labs confirmed the acquisition on Oct. 14, 2026, bringing Coinme’s regulated money transfer infrastructure into its payments business. The integration gives Polygon access to 37 state money transmitter licenses and 11 applicable exemptions.

The business is also registered with the Financial Crimes Enforcement Network (FinCEN) as a money services business. This regulatory coverage strengthens Polygon’s ability to connect traditional payment channels with blockchain-based transactions across the United States.

The transaction forms part of a combined $250 million acquisition deal announced in January, which also included wallet infrastructure provider Sequence. Coinme contributes regulated money movement capabilities, while Sequence provides wallet technology and cross-chain transaction infrastructure.

Polygon CEO Marc Boiron said the acquisition strengthens the company’s ability to support payments throughout their lifecycle, from initial deposits to recipient payouts.

The move advances Polygon’s strategy of building payment infrastructure for businesses seeking to use stablecoins alongside existing financial services.

Open Money Stack Connects Banks With Stablecoin Payments

Polygon Open Money Stack combines fiat conversion, digital wallets, cross-chain routing and settlement through a single integration. Businesses can receive funds through bank accounts, cards or cash, transfer value on-chain and arrange payouts in local currencies.

The platform aims to simplify payment operations by reducing the need for businesses to connect separately with multiple financial and blockchain service providers.

Moreover, the infrastructure supports transactions across dozens of blockchain networks, allowing companies to incorporate stablecoins into existing payment processes. Polygon Chain has processed more than $3 trillion in cumulative stablecoin transfer volume, according to the company.

However, the unified Open Money Stack integration remains in technical preview for selected customers. Although its individual components are operational, broader access will depend on Polygon’s rollout.

The development follows Polygon’s expansion of stablecoin payment support, including an October integration adding TRON-based USDT transfers to the platform.

Tazapay, Mesh, Toku and Kira Adopt Polygon Infrastructure

Polygon identified Tazapay, Mesh, Toku and Kira as the first businesses adopting Open Money Stack. Each company will use the infrastructure for different payment requirements.

Tazapay will support cross-border business payments by connecting stablecoins with local currencies. Mesh will integrate fiat funding services into its network, which connects more than 300 wallets, exchanges and financial service providers.

Meanwhile, Toku plans to use Polygon’s infrastructure for stablecoin payroll and local-currency payouts across more than 100 countries. Its integration targets businesses seeking to pay international workers while addressing local employment and payroll requirements.

Kira will expand stablecoin payment options for customers accessing U.S. dollar accounts and banking channels. Its services include domestic transfers through ACH, Fedwire and FedNow, alongside international payments through SWIFT.

Together, these integrations demonstrate Polygon’s push beyond blockchain transactions toward broader financial infrastructure. The company is positioning Open Money Stack as a bridge between traditional banking, stablecoins and global payments, although adoption and wider availability remain important milestones.