Polygon Reportedly Targets $100 Million for Stablecoin Venture as Crypto Market Stalls

Polygon Labs is reportedly in early-stage fundraising discussions to back a new stablecoin payments business, aiming to raise as much as $100 million. The firm is looking to sell equity shares worth between $50 million and $100 million in the new stablecoin unit. Follow us on X to get the latest news as it happens