The post Polygon Price Under Pressure Despite Stablecoin Expansion    appeared on BitcoinEthereumNews.com.

Polygon price extends its correction trend within two converging trendlines of the daily chart. Polygon Labs is exploring a capital raise of up to $100 million to accelerate its expansion into regulated stablecoin payments. The relative strength index (RSI) indicator at 40% indicate that the sellers remain dominant force in market  POL, the native utility token of the Polygon ecosystem, is down roughly 3% during Wednesday’s U.S. market hours to currently trade at $0.0902. The Polygon price is slightly underperforming to the broader crypto market as Bitcoin price holds above the $70,000 mark. Despite the price uncertainty, Polygon Labs is in early talks to raise up to $100 million for launching a stablecoin payments business. The move could bolster protocol’s real-world adoption and boost the underlying demand of POL. Polygon Targets $100M to Scale Stablecoin Payments Push Polygon Labs is in early discussions with investors to raise up to $100 million in fresh capital. This investment round should facilitate the company to hasten its growth and expansion into the regulated realm of stablecoin payments, which would codify its shift away as a general purpose Ethereum scaler and towards a specialized financial infrastructure provider.  The new capital is to scale a separate on-chain payments unit. This comes after Polygon previously acquired Coinme, a crypto payments company, and wallet provider, Sequence, in January 2026 to the tune of $250 million . Polygon is developing a coherent “Open Money Stack” by combining Coinme 48 U.S. state licences and 50,000 retail locations with the one-click cross-chain technology of Sequence.  According to industry analysts, such investment places Polygon in the same position as traditional fintech giants such as Stripe. In contrast to conventional finance, Polygon aims to shift the flows of fiat and stablecoins to be purely on-chain, and potentially achieve a revenue of over…

---

Filed under: News - @ April 9, 2026 5:26 am