Polygon Labs Plans to Raise Up to $100 Million for Entry into Stablecoin Payment Business

Diversifying Business with an Eye on Stablecoin Adoption

Polygon Labs is advancing discussions to raise up to $100 million to launch a new stablecoin payment business. The company plans to sell between $50 million and $100 million worth of equity in the new venture, as reported by The Information on the 8th.

This new payment business is an initiative by Polygon Labs...