Odaily Planet Daily reports that Polygon Labs has completed its acquisition of Coinme, a U.S.-regulated crypto payment service, and plans to leverage stablecoin infrastructure to enter the payment market dominated by Visa and Stripe. Marc Boiron, CEO of Polygon Labs, stated that this acquisition will enable Polygon Labs to own customer relationships and capture revenues previously flowing to intermediaries; Polygon Labs has now become a company centered on payments, using blockchain to transfer funds. In January, Polygon Labs launched the Open Money Stack to support stablecoin payments and cross-border transfers, with fees applicable for currency conversion and fund transfers. Marc Boiron noted that the regulated payments business is expected to become profitable by 2027. Data shows that Visa processed over $12.3 trillion in payment volume in fiscal year 2025, while Stripe processed $1.9 trillion. Through the acquisition of Coinme, Polygon Labs will gain greater control over key segments of the payment flow—including crypto asset, stablecoin, and fiat currency conversions—rather than handing customers off to third parties. Polygon Labs’ unified payment platform is currently in technical preview and not yet fully open; early users include Tazapay, Mesh, Toku, and Kira.
Polygon Labs Acquires Coinme to Enter the Payment Market Through Stablecoin Infrastructure
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Summary
Market news emerges as Polygon Labs finalizes its acquisition of the regulated crypto payment provider Coinme. The move aims to enter the payments sector through stablecoin infrastructure, positioning itself against Visa and Stripe. Polygon CEO Marc Boiron stated that the acquisition will help the company build direct customer relationships and capture revenue currently flowing through intermediaries. The Open Money Stack, launched in January, enables stablecoin payments and cross-border transfers, charging fees for exchanges and fund transfers. Boiron expects the regulated payment business to become profitable by 2027. In fiscal 2025, Visa processed $12.3 trillion in payments, while Stripe handled $1.9 trillion. Polygon will now control crypto, stablecoin, and fiat exchanges directly, eliminating the need to route users to third parties. The unified platform is currently in technical preview, with early adopters including Tazapay and Mesh. This crypto market update signals Polygon’s strategic shift toward becoming a blockchain-based payments company.
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