Polygon Labs completed its acquisition of Coinme, a U.S.-regulated crypto payments provider, letting it handle conversions between cryptocurrencies, stablecoins and traditional money. CEO Marc Boiron said the regulated payments business is expected to become profitable in 2027 as Polygon enters a sector dominated by Visa, whose fiscal 2025 payments volume topped $12.3 trillion, and Stripe, which reached $1.9 trillion. The deal lets Polygon keep customer relationships and collect conversion and transfer fees that previously went to intermediaries. Its unified payments platform remains in technical preview with early users such as Tazapay, Mesh, Toku and Kira, and the company still faces competition from incumbents building their own stablecoin services.
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cryptostablecoinsmergers and acquisitionsPOLUSDT
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Related tickers and likely impact
POL/USDT
▲ Likely positivePOL (ex-MATIC)
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 2 |
| Market cap | $977.8M |
| Close on 10/16/2026 | 0.09440 |
| Change that session | -1.24% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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