Polygon Completes Acquisition of Coinme and Expands Payment Coverage
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AI-assisted source synthesis · not an independent investigation.
On October 15, 2026, Polygon Labs completed its acquisition of Coinme. The transaction gives Polygon Coinme’s money transmission licenses in 37 U.S. states, 11 exemptions, and its registration as a money services business (MSB) with FinCEN, expanding its regulated payment coverage to 48 U.S. states. The relevant credentials will be integrated into Open Money Stack, a platform that brings together fiat on- and off-ramps, wallets, cross-chain routing, and settlement. Businesses can use stablecoins to hold or settle funds and make payouts in local currency based on the recipient’s location. The report also stated that approximately 6,000 crypto ATMs will be gradually shut down.
AI-written from reports · updated 4 days ago
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- CryptopolitanSelectedPolygon Labs completes acquisition of Coinme, with approximately 6,000 crypto ATMs to be gradually shut down
Polygon Labs has completed its acquisition of Coinme, gaining money transmitter licenses in 37 states, 11 exemptions, and FinCEN MSB registration, expanding its regulated payments coverage to 48 U.S. states. These credentials will be integrated into Open Money Stack, which brings fiat on- and off-ramps, wallets, cross-chain routing, and settlement into a single integration. Businesses can use stablecoins to hold or settle funds and pay recipients in their local currency.
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