Polygon Labs Completes Coinme Acquisition
Polygon Labs has finalized its acquisition of Coinme, integrating 37 state money transmitter licenses into its stablecoin infrastructure.
Polygon Labs has completed its acquisition of Coinme, according to TheBlock. The transaction brings 37 state money transmitter licenses into the company's stablecoin payments infrastructure, expanding regulated coverage across 48 U.S. states.
Acquisition Details
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The integration incorporates Coinme's existing regulatory framework directly into Polygon Labs' operations. This expansion enhances the platform's ability to offer compliant stablecoin payment solutions within the United States.
Key Facts
- Polygon Labs finalized the Coinme acquisition.
- The deal secures 37 state money transmitter licenses.
- Regulated payments coverage now extends across 48 U.S. states.
Source: theblock.co
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