Polygon Labs has acquired Coinme, securing 37 money transmitter licenses and 11 state exemptions to facilitate stablecoin-to-fiat payments across 48 US states.
Polygon Labs has integrated the TRON network into its Open Money Stack, allowing businesses to connect regulated U.S. banking rails with the TRON stablecoin ecosystem.
Polygon will temporarily boost POL staking rewards to 7.7% starting October 1 by distributing 27.33 million tokens from accumulated network fees.
Polygon is set to allow users to trigger the permanent destruction of 100 million POL tokens, moving to a quarterly burn schedule based on network activity.
JPYC Inc. halted stablecoin issuance on Ethereum and Polygon following a technical glitch, causing the token's price to triple during its debut on the Upbit exchange.
