Polygon gains US payments licenses after closing Coinme deal
60-second summary
Polygon secures U.S. payments capabilities by acquiring 37 money‑transmitter licenses and 11 state exemptions through its closure of the Coinme acquisition, instantly expanding its regulatory reach across multiple jurisdictions. The deal enables Polygon to offer fiat on‑ramps and off‑ramps directly on its network, likely boosting transaction volume, attracting enterprise partners and driving broader adoption within the crypto payments market.
The deal gives Polygon access to 37 money transmitter licenses and 11 state exemptions.