According to informed sources, the developer of the Polygon Labs blockchain is in the early stages of discussions with investors to raise up to $100 million for the creation of a new payment business based on stablecoins. Polygon serves as the underlying blockchain for the Polymarket prediction market and other crypto platforms. This fundraising initiative is happening at a time when the cryptocurrency market is stagnant, and expanding into new business areas will help Polygon break out of the crypto market stalemate and achieve business diversification.