Polygon Labs Closes Coinme Acquisition, Unlocking US Payment Licenses Across 48 States

Polygon Labs has finalized its acquisition of Coinme, securing a regulated compliance framework for its stablecoin payments platform across 48 US states. The completed deal instantly grants Polygon access to 37 money transmitter licenses and 11 state exemptions. It also transfers Coinme's official registration with FINCEN as a money services business directly into Polygon's operational stack. Coinme brings an existing base of over one million users and a cash-to-crypto retail network spanning 50,000 physical locations. The closure follows a broader expansion agreement announced in January, which bundled Coinme and wallet infrastructure provider Sequence for a combined price tag of more than $250 million.