Polygon closes Coinme deal: 37 state money-transmitter licences, 11 exemptions, a FinCEN MSB
Serguey Asael Shinder2 min readPolygon Labs has completed its acquisition of Coinme, the company announced on its blog on 14 October 2026, and is folding Coinme's regulated US payments business into Polygon Open Money Stack (OMS), its set of tools for moving money on and off blockchains.
The licences that came with the deal. Through the US payments business, Polygon says it now has coverage across 48 states, made up of 37 state money transmitter licences and 11 applicable exemptions. The business is also registered with FinCEN as a money services business. The blog post presents this regulated access as the piece that lets OMS support a payment from the moment dollars enter the system to the moment someone receives usable money.
What Polygon says it is building. According to the post, OMS is meant to cover the whole path of a payment: dollars arriving through banks, cards or cash deposits, value moving onchain, and funds reaching recipients in a form they can use. It lists accounts and wallets, cross-chain routing and round-the-clock settlement rails as the other parts of the stack, connected with banking and payout infrastructure so that a payments team can build a complete flow through one integration.
The first customers named. Polygon names four early adopters. Tazapay, which serves more than 1,000 enterprises and fintechs in over 30 countries, uses OMS on- and off-ramps and wallets to shorten the path between stablecoins and local currency. Mesh is adding OMS on-ramps to a network of more than 300 wallets, exchanges and financial services. Toku, a payroll and employer-of-record platform operating in more than 100 countries, uses OMS wallets and payouts so that workers paid in stablecoins can convert to local currency within the same payroll flow. Kira uses OMS to widen the stablecoin options for clients who hold US dollar accounts with it. The post carries a disclaimer for Tazapay: its stablecoin services are provided only by Tazapay Canada Corp., registered with FINTRAC as a money services business.
What the post does not say. Polygon gives no purchase price and no figures for payment volumes. Its own legal notice states that OMS features may not be available in all jurisdictions and that Polygon Labs may modify, suspend or discontinue any part of OMS, and that users are responsible for ensuring their use complies with local law.
Source: Polygon blog, 14 October 2026 — https://polygon.technology/blog/polygon-open-money-stack-us-regulated-payments-platform