Polygon Labs
Polygon Labs is the Gaming and NFT arm of Polygon, focused on growing the global Blockchain Gaming and NFT industry, bridging the gap between Web 2 and Web 3, and providing investment, marketing, and developer support.
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Polygon Labs Nears Completion of Coinme Acquisition, Simultaneously Initiates Layoffs
: Polygon Labs CEO Marc Boiron stated in a post that the company's acquisition of compliance payment service provider Coinme has entered its final stage. Upon completion of the transaction, the Coinme team will be fully integrated into Polygon Labs. This acquisition and integration is part of the company's overall restructuring plan, with the core goal of driving the enterprise towards profitability by 2027.Alongside the business integration, Polygon Labs is conducting a workforce reduction today. Marc Boiron explained that the company is transitioning from a blockchain foundation to a blockchain payment enterprise. The organizational structure and talent requirements for these two types of businesses are significantly different. This workforce adjustment is driven by strategic transformation needs and is not due to employee performance issues.The official also revealed that the company's current revenue situation is improving, with stablecoin transaction volumes continuously setting new records and the rollout of on-chain payment products accelerating. The enterprise will provide severance compensation and supporting assistance to affected employees.
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MoonPay Acquires AI Accounting Startup Entendre, Expands into Back-Office Financial Operations
: Crypto payment infrastructure company MoonPay has announced the acquisition of AI accounting startup Entendre, further expanding from a crypto on/off-ramp gateway into the enterprise back-office financial operations layer.Entendre primarily develops AI accounting agents to automate financial operations processes for high-frequency crypto and fintech companies, including tasks such as reconciliation, treasury management, month-end closing, and journal entries. MoonPay CEO Ivan Soto-Wright stated that if companies are to adopt stablecoins at scale, their financial operations also need to possess the same speed, contextual understanding, and automation capabilities as payments.This acquisition will immediately integrate the Entendre platform and team into MoonPay, with existing clients remaining unaffected. Entendre clients include Polygon Labs, Thirdweb, Brale, Babylon Labs, Ostium, Courtyard, and DoubleZero, among others.MoonPay has completed several acquisitions this year, including cross-chain routing and liquidity company Decent.xyz, Solana trading infrastructure provider DFlow, AI trading tool Dawn, and crypto key management company Sodot.
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Meta Resumes Stablecoin Payments, Offers USDC Settlement Services to Creators
According to Fortune, Meta has quietly launched a stablecoin payment feature, offering select creators in Colombia and the Philippines the ability to receive payments in USDC on the Solana and Polygon networks. Creators can enter their third-party wallet addresses into Facebook’s payout platform to withdraw funds. Meta does not provide USDC-to-local-fiat conversion services and partners with Stripe to handle related tax filings. According to Marc Boiron, CEO of Polygon Labs, the initiative is expected to expand to over 160 countries by year-end. This launch comes more than four years after Meta’s Libra project—later renamed Diem—was discontinued in 2022.
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Polygon Launches Native Liquid Staking Token sPOL
Polygon has officially launched its native liquid staking token, sPOL, designed to enhance returns for POL token stakers. As Polygon’s native liquid staking token, sPOL unlocks approximately 3.6 billion staked POL tokens and grants stakers priority access to transaction fee revenue sharing. Currently, only about 4%–5% of POL is liquid; sPOL addresses the issue of idle capital being unable to participate in DeFi yield opportunities. Users can migrate existing stakes to sPOL via the Polygon Staking Portal—without waiting periods and with uninterrupted rewards—while new stakes will automatically receive sPOL. The initial sPOL redemption ratio is 1:1, increasing as staking rewards accrue. sPOL supports liquidity provision, collateralization, and yield-boosting DeFi strategies, and can be redeemed at any time for POL plus accumulated rewards. The token was initially launched by Polygon Labs and audited by ChainSecurity and Certora; official liquidity will be seeded through an on-chain liquidity pool. Polygon cautions that sPOL carries smart contract risk, validator misbehavior penalty risk, and market volatility risk.
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