Polygon Labs to Acquire Coinme and Sequence in $250M Stablecoin Payments Push
Polygon Labs has signed definitive agreements to purchase U.S.-regulated funds agency Coinme and pockets infrastructure supplier Sequence for greater than $250 million, because it accelerates its enlargement into licensed stablecoin funds in the United States.
In a press launch shared with CryptoNews the agency stated the transactions are designed to ship three core elements of Polygon’s forthcoming Open Money Stack: regulated fiat on- and off-ramps, enterprise pockets infrastructure and cross-chain orchestration by intents.
Building Regulated Scale for Stablecoin Payments
Together with Polygon, Coinme and Sequence have already processed greater than $1 billion in offchain gross sales and over $2 trillion in onchain worth transfers.
As funds exercise grows, Polygon Chain is positioned to seize elevated onchain throughput and community charges, straight benefiting validators and stakers.
The acquisitions come as stablecoins continue to gain traction as a settlement layer for world funds, significantly following latest progress on U.S. federal stablecoin regulation.
Polygon’s technique is to mix compliant fiat entry with onchain settlement at scale, making a vertically built-in funds stack.
Coinme Brings U.S. Licensing and Physical Distribution
Founded in 2014, Coinme is likely one of the earliest licensed digital forex exchanges in the United States. The firm holds money-transmitter licenses protecting 48 U.S. states and operates a bodily fiat-to-crypto community throughout greater than 50,000 retail places.
Coinme additionally offers regulated crypto-as-a-service choices for fintechs and enterprises, alongside licensed pockets infrastructure, enterprise APIs and SDKs.
Backed by traders together with Pantera, Digital Currency Group, Coinstar, Circle and MoneyGram, Coinme serves enterprise clients akin to Exodus, Coinstar, Mercuryo and Baanx, in addition to multiple million retail customers.
Following regulatory approvals, Coinme will function as an entirely owned subsidiary of Polygon Labs.
Sequence Adds Wallets and Cross-Chain Intents
Sequence contributes sensible pockets expertise and a one-click cross-chain orchestration and intents engine that abstracts away complexity for customers. Its infrastructure allows funds throughout a number of blockchains with out requiring customers to handle bridges, swaps or fuel.
Backed by traders together with Brevan Howard Digital, Initialized Capital, Coinbase, Polychain and Consensys, Sequence helps main ecosystems akin to Polygon, Arbitrum and Immutable whereas additionally partnering with Google Cloud as a distribution channel.
Its Trails platform offers common rails for cross-chain transactions and interoperable stablecoin funds, together with assist for Circle’s Cross-Chain Transfer Protocol.
The Open Money Stack Vision
By combining Coinme’s regulated fiat entry with Sequence’s pockets and cross-chain capabilities, Polygon goals to ship an open, built-in funds platform for banks, fintechs, enterprises, remittance suppliers and retailers.
The objective is to permit real-time, 24/7 stablecoin settlements with decrease charges, decreased reliance on correspondent banking and predictable pricing.
“Stablecoins are more and more getting used as a settlement layer for world funds, however the infrastructure round them stays fragmented,” stated Marc Boiron, CEO of Polygon Labs.
Polygon founder Sandeep Nailwal added that the Open Money Stack offers a transparent path to assist trillions of {dollars} shifting onchain, whereas preserving the community open and interoperable.
Polygon’s onchain stablecoin provide reached roughly $3.3 billion on the finish of 2025, in accordance to information compiled on Dune.
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