BlockBeats News, July 16th, Polygon Labs CEO Marc Boiron announced that the company's acquisition of Coinme has entered its final stage. After the transaction is completed, the Coinme team will be integrated into Polygon Labs. This integration is part of a broader merger plan aimed at driving Polygon Labs to profitability by 2027.

During the integration process, Polygon Labs has today laid off several employees. Marc stated that the company is transitioning from a blockchain foundation to a blockchain payment company. The two types of organizations require different architectures and talent configurations. This adjustment is due to the company's change in development direction and is not related to the work quality of the departing employees.

He mentioned that Polygon Labs is currently demonstrating strong revenue performance, with stablecoin trading volume consistently hitting new highs. Customer reserves exceed expectations, and the on-chain payment solution has been rapidly launched. The company will provide severance packages and relevant support for the affected employees.