Polygon Labs has completed its acquisition of Coinme, marking a significant expansion of its efforts to connect traditional payment systems with blockchain infrastructure. The company says the deal establishes Polygon as a U.S.-regulated payments business and brings regulated domestic money movement into its Polygon Open Money Stack.
The announcement, published on October 14, 2026, outlines Polygon’s plan to support payments across the full transaction process, from bringing money into its system to moving funds onchain and paying recipients. Rather than focusing exclusively on blockchain transfers, the strategy combines conventional funding methods, digital asset wallets and payout infrastructure under one unified system.
Polygon said its U.S. payments business now has coverage across 48 states, supported by 37 state money transmitter licenses, 11 applicable exemptions and registration with the Financial Crimes Enforcement Network (FinCEN) as a money services business. These regulatory arrangements form the foundation Polygon says it needs to connect traditional dollars with stablecoins.
Coinme Acquisition Expands Polygon’s U.S. Payments Infrastructure
The Coinme acquisition gives Polygon an additional component for handling regulated money movement in the United States. Polygon has spent years developing blockchain infrastructure, but completing the acquisition extends its stated capabilities into the regulated payments layer. The announcement does not provide the financial terms of the transaction.
Polygon’s Open Money Stack is designed to let businesses manage multiple stages of a payment through a single API. According to the company, money can enter through bank transfers, cards or cash, move onchain, be held in a wallet and then be paid out to its intended destination. This structure aims to reduce the need for businesses to assemble separate providers for each stage of a transaction.
Stablecoins are central to the model because they can represent dollar-denominated value on blockchain networks. By connecting traditional funding channels with onchain transfers and wallet infrastructure, Polygon is positioning the Open Money Stack as a payments platform for businesses that need to move money across borders or between different financial systems. The announcement does not specify which stablecoins are supported across every part of the service.
Regulatory coverage is an important part of the expansion. Polygon reported 37 state money transmitter licenses and 11 applicable exemptions, giving its U.S. payments business coverage across 48 states. FinCEN registration is another element of its compliance framework, although registration as a money services business is not the same as a FinCEN endorsement or a blanket authorization to operate in every jurisdiction.
The company’s announcement places the acquisition within a broader effort to make blockchain-based payments usable for commercial applications. Businesses may need to collect funds from customers, transfer value between countries, manage balances and pay employees or suppliers. Polygon is seeking to bring these functions together rather than offering only the underlying blockchain transaction.
Tazapay, Mesh, Toku and Kira Join the Open Money Stack
Polygon identified four businesses among the first customers adopting its Open Money Stack: Tazapay, Mesh, Toku and Kira. Each company is associated with a different payments use case, illustrating the range of services Polygon hopes to support through the unified infrastructure.
Tazapay is adopting the system for cross-border business payments. International payments can involve multiple financial institutions, currencies and compliance requirements. Polygon’s proposed approach is intended to connect these payment flows with onchain infrastructure, although the announcement does not disclose transaction volumes, supported corridors or the scale of Tazapay’s planned deployment.
Mesh will use the stack for account funding, according to Polygon. Account funding allows users to bring money into a financial or digital asset service before using it for other transactions. Integrating funding with blockchain infrastructure could simplify parts of that process, but the company has not published details about the specific funding methods, fees or launch timeline for Mesh’s implementation.
Toku is joining for global payroll, while Kira is adopting the platform to provide U.S. dollar access. These applications address different operational needs: payroll providers must deliver compensation to workers across jurisdictions, while dollar-access services connect users with dollar-denominated value. Polygon did not provide further implementation details or disclose the expected number of users for either service.
For Polygon, the next test will be how the unified stack performs in real-world payment operations. License coverage and customer announcements establish the framework, but they do not by themselves demonstrate transaction volumes, lower costs or faster settlement. Adoption by Tazapay, Mesh, Toku and Kira gives the platform initial commercial use cases to develop as Polygon expands its role in regulated payments.
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