Polygon Labs Eyes $100 Million to Launch Stablecoin Payments

Polygon Labs is in early talks to raise up to $100 million to scale a regulated stablecoin payments business, shifting its focus from generic blockchain support to real‑world money movement that boosts on‑chain transaction volume. The push builds on its recent acquisitions of licensed U.S. payment and wallet firms Coinme and Sequence, aiming to integrate fiat on‑ and off‑ramps, wallets, and settlement infrastructure into a full payments stack. This strategy positions Polygon to compete with traditional players like Stripe and expand blockchain use for everyday payments.