News · Institutions & ETFs
The deal equips the Polygon Open Money Stack with 37 state money transmitter licenses and FinCEN registration across 48 states.
Key point 1 of 3
01
Polygon Labs finished its buyout of Coinme to establish a regulated US payments framework within the Polygon Open Money Stack .
Key point 2 of 3
02
The acquisition delivers 37 state money transmitter licenses, 11 exemptions, and FinCEN money services business registration .
Key point 3 of 3
03
Commercial launch partners Tazapay, Mesh, Toku, and Kira adopted the stack for cross-border payroll, transfers, and bank settlement .
Context
Layer-2 networks and blockchain developers have continually sought direct access to regulated clearing and domestic banking rails to eliminate third-party processing bottlenecks…
Why it matters
Fintech platforms, international payroll processors, and merchant rails can now embed US fiat licensing directly through Polygon without independently securing dozens of state…
What to watch
Polygon's operational performance processing real-time US banking rails such as FedNow, alongside licensing expansion into the remaining two US states.
Sources
Built from 1 primary source, machine-checked before publication.
Keep reading
Read the full story
AI-generated, source-verified. Sources, citations and live prices on the article page.