Polygon Labs has completed its acquisition of Coinme, extending the company's regulated payments operations to 48 U.S. states and folding licensed money transmission into its stablecoin payments stack.

The deal, confirmed on Oct. 14, 2026, brings Coinme's regulated money transfer infrastructure into Polygon's payments business via the Polygon Open Money Stack, a platform designed to connect traditional banking infrastructure with stablecoin payments and blockchain settlement. It lands amid a broader industry push to build regulated fiat-to-stablecoin payment rails, where money transmitter licensing is among the core requirements for serving U.S. customers.

48-State Coverage Through Coinme Licenses

The acquisition gives Polygon access to 37 state money transmitter licenses and 11 applicable exemptions, according to the company's announcement. The business is also registered with the Financial Crimes Enforcement Network (FinCEN) as a money services business, a status that carries federal anti-money laundering and reporting obligations.

Money transmission in the United States is licensed state by state rather than through a single federal authorization, a structure that makes multi-state license portfolios a foundational asset for payment companies operating nationwide.

That regulatory footprint strengthens Polygon's ability to connect conventional 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 covered wallet infrastructure provider Sequence. Under that arrangement, Coinme contributes regulated money movement capabilities, while Sequence supplies 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 Links Banks and Stablecoins

Polygon Open Money Stack combines fiat conversion, digital wallets, cross-chain routing and settlement through a single integration. Businesses can receive funds via 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 companies to connect separately with multiple financial and blockchain service providers. The infrastructure also supports transactions across dozens of blockchain networks, allowing businesses to incorporate stablecoins into existing payment processes.

Polygon says its chain has processed more than $3 trillion in cumulative stablecoin transfer volume.

The unified Open Money Stack integration, however, remains in technical preview for selected customers. While its individual components are operational, broader access will depend on Polygon's rollout. How quickly the platform moves beyond technical preview, and whether the early adopters' integrations go live as planned, will be the near-term markers of its progress.

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

Tazapay, Mesh, Toku and Kira Among First Adopters

Polygon identified Tazapay, Mesh, Toku and Kira as the first businesses adopting Open Money Stack, each applying the infrastructure to 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.

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, the integrations underscore 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.

This article was first published by Live Bitcoin News.