ChainThink reports that on July 16, according to a post by Polygon Labs CEO Marc Boiron, the acquisition of Coinme by Polygon Labs has entered its final stages, and upon completion, the Coinme team will be integrated into Polygon Labs.
Marc Boiron stated that this integration is part of the company’s broader consolidation plan aimed at driving Polygon Labs toward profitability by 2027. As part of the integration, Polygon Labs has laid off several employees today.
Marc Boiron stated that the company is transitioning from a blockchain foundation to a blockchain payment company, resulting in changes to its organizational structure and talent requirements; this adjustment is unrelated to the performance of employees who left.
He also stated that Polygon Labs is currently experiencing strong revenue performance, with stablecoin trading volumes continuously setting new records, customer reserves exceeding expectations, and on-chain payment solutions rapidly launched; the company will provide severance compensation and related support to affected employees.