Polygon Labs Finalizes Coinme Acquisition to Anchor Regulated US Payment Rail

Polygon Labs announced on Oct. 15, 2026, that it has completed its acquisition of cryptocurrency cash network Coinme ¹. The transaction integrates Coinme's regulated United States payment footprint into the newly introduced Polygon Open Money Stack, combining onchain transaction settlement with conventional fiat rails ¹.

Through the newly acquired business, Polygon secured regulatory coverage across 48 US states ¹. This framework includes 37 state money transmitter licenses, 11 state exemptions, and active registration as a money services business with the Financial Crimes Enforcement Network ¹. The operational stack combines user-facing wallets, automated cross-chain routing, and around-the-clock settlement systems with domestic banking connections ¹.

Enterprise Integration and Stablecoin Settlement

Four cross-border and corporate finance platforms—Tazapay, Mesh, Toku, and Kira—have launched operational integrations on the Polygon Open Money Stack ¹. Tazapay, which handles processing for more than 1,000 corporate clients across 30 jurisdictions, is utilizing the system to bridge stablecoin holdings and local fiat accounts with fewer intermediary banks ¹. Payment network Mesh incorporated the technology to provide deposit on-ramps spanning its network of 300 crypto wallets, exchanges, and financial applications ¹.

Concurrently, corporate payroll platform Toku integrated the stack to permit workers in over 100 countries to convert stablecoin compensation into local currency directly from digital wallets ¹. Financial operations firm Kira adopted the infrastructure to clear dollar conversions into domestic business accounts, integrating with automated clearing house, Fedwire, and FedNow mechanisms ¹. The move occurs as institutional payment firms increasingly link tokenized real-world infrastructure and onchain balances with traditional banking conduits.