Overview
- CEO Marc Boiron announced a second round of 2026 layoffs on July 16 as Polygon enters the final stages of closing and integrating the Coinme acquisition into Polygon Labs.
- Polygon is folding its January purchases of Coinme and Sequence, reported at about $250 million, into an Open Money Stack designed to offer an end-to-end payments platform built on stablecoins.
- The company points to rising business metrics to support the pivot, reporting roughly $3.37 billion in stablecoin supply and a record $9.12 billion in on-chain payments volume in June.
- Polygon says integrating Coinme will increase overall headcount even as some existing roles are eliminated, and the company has offered severance, career support, and temporary retention for staff completing integration work.
- Polygon Labs operates separately from the Polygon Foundation, so POL token holders have no equity claim on Labs’ commercial profits and the legal split shapes governance and investor expectations.