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 Completes Acquisition of Coinme, Entering the Payments Market with Stablecoin Infrastructure
Odaily reports: Polygon Labs has announced the completion of its acquisition of Coinme, a US-regulated crypto payment service provider, with plans to leverage stablecoin infrastructure to enter the payments market dominated by Visa and Stripe. Polygon Labs CEO Marc Boiron stated that the acquisition will help Polygon Labs own customer relationships and capture revenue that previously flowed to intermediaries; Polygon Labs has now become a payments-focused company that uses blockchain to move money. In January, Polygon Labs launched Open Money Stack to support stablecoin payments and cross-border transfers, and to charge fees for currency exchange and money transfers. Marc Boiron said the regulated payments business is expected to become profitable by 2027. Data shows that Visa's payment volume exceeded $12.3 trillion in fiscal year 2025, while Stripe's payment volume reached $1.9 trillion. Through the acquisition of Coinme, Polygon Labs will control more business processes in areas such as crypto asset, stablecoin, and fiat currency conversion, rather than handing customers over to third parties. Polygon Labs' unified payments platform is currently still in technical preview and not yet fully open; early users include Tazapay, Mesh, Toku, and Kira.
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Polygon Releases Bor v2.10.3, Fixing Two Parallel Block Execution Denial-of-Service Vulnerabilities
Polygon Labs has announced the official release of Bor v2.10.3, which fixes two medium-severity denial-of-service vulnerabilities in BlockSTM V2 parallel block execution. Both issues were reported through the Immunefi bug bounty program.In addition, the new version includes multiple security and stability improvements, such as transaction filtering, RPC execution concurrency limits, and pending transaction cleanup. The team stated that the affected versions are Bor v2.10.1 and v2.10.2, where BlockSTM V2 is enabled by default, and that no exploitation of these vulnerabilities has been detected on the mainnet or the Amoy testnet. This upgrade does not involve a hard fork, and nodes can upgrade gradually as needed.
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Polygon Completes Acquisition of Coinme, Launches US-Regulated Payment Platform
According to Polygon's official blog, Polygon Labs announced the completion of its acquisition of Coinme, officially making its payment infrastructure product, Polygon Open Money Stack (OMS), a US-regulated payment platform. The platform currently covers 48 U.S. states, holds 37 state money transmitter licenses and 11 exemptions, and is registered with FinCEN as a money services business.
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Polygon Integrates Tron into Open Money Stack to Support One-Stop USDT Swaps
Polygon Labs has integrated the TRON network into the Open Money Stack, allowing businesses to directly convert traditional payment methods into USDT on TRON via a single interface, significantly reducing technical integration costs.
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Solana Foundation Appoints Former Binance, Polygon Executives to Drive Institutional Adoption and Payments
the Solana Foundation has announced the appointment of Rachel Conlan as Chief Strategy Officer and Jamal Raees as General Manager of Payments, in a move to expand institutional adoption and payment operations. Conlan previously spent three years at Binance and has held senior management roles at companies including OKX; Raees joins from Polygon Labs and will be responsible for collaborating with payment companies, enterprises, and ecosystem partners to advance Solana's adoption as global payments infrastructure. The Solana Foundation stated that this year, stablecoin transaction volume on Solana has surpassed $5 trillion, on-chain real-world asset (RWA) value has exceeded $4.5 billion, and tokenized equity supply has surpassed $620 million. (The Block)
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Polygon Labs: Legacy Nodes Require Urgent Upgrade After Austin and Kyoto Hard Forks
Polygon Labs issued an emergency client upgrade advisory stating that after the activation of the Austin and Kyoto hard forks, Polygon PoS nodes still running older versions of the Bor or Heimdall clients have diverged from canonical consensus and must upgrade and catch up to the on-chain state before they can rejoin the network.
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Polygon Labs CEO: Stablecoins Will Significantly Improve Capital Utilization and Spending Efficiency
Odaily News Polygon Labs CEO Marc Boiron stated that stablecoins will drive substantial growth in spending. As capital efficiency improves, banks' profits derived from the inefficiencies of traditional payment systems will decline, while businesses and consumers will have more capital available for spending.Marc Boiron pointed out that idle funds in pre-funded accounts, settlement delays, bank cut-off times, and dormant balances suppress economic growth far more than most people realize. Stablecoins enable the same amount of capital to support more procurement, inventory, payroll, and cross-border trade.He believes that the winners of the next round of payment competition will be those who can help enterprises achieve millisecond-level payments.
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Bank of England Tests Stablecoins and Digital Pound Cross-Border Interoperability
The Bank of England Digital Pound Lab, in collaboration with NOBO Finance, Dun & Bradstreet, and Polygon Labs, tested the interoperability of stablecoins and simulated digital pounds in cross-border trade finance, aiming to reduce settlement delays and financing constraints for SMEs.
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Bank of England Launches Phase 2 of Digital Pound Lab, Testing Interoperability Between Stablecoins and Central Bank Digital Currency for Cross-Border Payments
According to CoinDesk, the Bank of England (BOE) announced that its digital pound project has officially entered the second phase, focusing on testing whether public stablecoins and Central Bank Digital Currencies (CBDC) can interoperate within a single payment stream to promote the modernization of cross-border trade finance. This experiment focuses on SME trade finance scenarios: exporters receive advance financing through stablecoin technology, while UK importers complete final settlement using the digital pound. Participants include UK fintech company NOBO Finance, global business data analytics firm Dun & Bradstreet, and blockchain company Polygon Labs. The three parties will integrate wallet transaction data, open finance information, and business intelligence to build reusable credit assessment profiles for SMEs. Polygon will provide stablecoin settlement infrastructure through its Open Money Stack, encompassing fiat currency exchange, wallet, and smart contract functionalities. The BOE emphasized that the laboratory does not involve real customers or funds, does not represent a decision to officially issue the digital pound, and the experimental results will serve as a reference for the joint assessment of the digital pound by the Bank of England and the Treasury later this year.
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Bank of England's Digital Pound Project Enters Phase Two, Testing Stablecoin and Central Bank Currency Coordinated Payments
Odaily News: The Bank of England's (BOE) digital pound project has entered its second phase, testing whether publicly issued stablecoins and central bank currency can operate together in a single payment process for trade finance. The BOE will collaborate with NOBO Finance, Dun & Bradstreet, and Polygon Labs in its Digital Pound Lab to explore building reusable credit profiles for small businesses and research the use of stablecoins alongside a potential digital pound in invoice factoring. The experiments do not involve real customers or funds and are designed to provide a reference for the BOE and the UK Treasury in evaluating the interoperability of different forms of digital currency. (CoinDesk)
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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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