Polygon Slashes 30% Staff in Pivot to Stablecoin Payments
Polygon Labs cuts 30% of staff while spending over $250M on Coinme and Sequence to pivot toward a regulated, vertically integrated stablecoin payments platform.
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Polygon Labs cuts 30% of staff while spending over $250M on Coinme and Sequence to pivot toward a regulated, vertically integrated stablecoin payments platform.
Polygon Labs announced acquisitions bringing money transmitter licenses across 48 U.S. states and 50,000 retail cash-to-crypto locations.
Polygon’s POL token recorded the largest 24-hour crypto price gain at 16.59%, driven by the Open Money Stack launch, a potential $100-125M Coinme acquisition, and unprecedented daily burn rates reaching one million tokens.
Polygon Labs announces Open Money Stack, a modular platform designed to enable frictionless cross-chain transactions between fiat and cryptocurrencies for institutions, businesses, and AI agents.
Polygon’s Madhugiri hard fork goes live on December 9, boosting network throughput by 33%, reducing block consensus time to one second.
Crypto prediction market Polymarket sees massive growth in October, processing $3 billion in trades across 338,000 unique trader addresses on the Polygon network.
Mastercard selected Polygon Labs to support verified username transfers in self-custody wallets, citing the network’s speed and reliability.
JPYC launches Japan’s first yen-backed stablecoin, fully collateralized by bank deposits and government bonds, and deployed on Ethereum and Polygon.
Polygon Foundation and Swiss-regulated crypto bank AMINA have inked a strategic deal to offer institutional staking services to users.
According to a Sept. 17 report by Dune and RWA.xyz, the Polygon network has become a key player in the Real World Asset (RWA) sector.
Polygon’s ‘Rio’ upgrade is now live on the Amoy testnet, introducing key changes to help the PoS network eventually reach 5,000 TPS.
Polygon has partnered with Cypher Capital to expand POL access in the Middle East, boosting liquidity, growth, and institutional adoption.
Polygon’s POL token has recorded a 5.5% daily gain as the network gears up for its most significant technical upgrade since launch.
Polygon records explosive stablecoin address growth in 2025, while POL eyes a potential breakout despite current market pressure.
Polygon co-founder Sandeep Nailwal has taken the reins as CEO of the Polygon Foundation, signaling a return to founder-led execution.