Polygon Labs to Acquire Coinme and Sequence in $250 Million Push into Stablecoin Payments

Polygon Labs has signed definitive agreements to acquire U.S.-regulated payments firm Coinme and wallet infrastructure provider Sequence for more than $250 million, accelerating its expansion into licensed stablecoin payments in the United States.

The acquisitions are designed to deliver three core components of Polygon’s forthcoming Open Money Stack: regulated fiat on- and off-ramps, enterprise wallet infrastructure, and cross-chain orchestration through intents.

Together with Polygon, Coinme and Sequence have already processed more than $1 billion in offchain sales and over $2 trillion in onchain value transfers.

Why Did This Happen?

The move is part of Polygon’s strategy to combine compliant fiat access with onchain settlement at scale, creating a vertically integrated payments stack.

Coinme, a U.S. licensed digital currency exchange since 2014, brings extensive physical distribution through more than 50,000 retail locations and regulated crypto-as-a-service offerings.

Sequence contributes smart wallet technology and cross-chain orchestration tools that abstract complexity for users.

How Did Markets React?

Polygon’s native token, POL, has shown mixed performance in recent weeks, with a 6.7% drop in the past 24 hours.

Analysts attribute the drop to normal market volatility and a healthy pause, rather than a rejection of Polygon’s long-term roadmap.

Despite short-term volatility, fundamental indicators are improving, including a 5% annual deflation rate for POL and increased transaction volume.

What Are Analysts Watching Next?

Experts highlight the potential of Polygon’s Open Money Stack to redefine global onchain payments.

Ryan Lee of Bitget described the initiative as “highly innovative and forward-thinking,” noting it could drive mainstream adoption of crypto payments.

Jamie Elkaleh of Bitget Wallet echoed the view that Polygon’s upgraded tokenomics could support long-term growth.

The Open Money Stack aims to facilitate real-time, 24/7 stablecoin settlements with lower fees and reduced reliance on traditional banking infrastructure.

Polygon’s onchain stablecoin supply reached approximately $3.3 billion at the end of 2025.

Stablecoin flows are expected to reach $56 trillion by 2030, according to Bloomberg, with USDC and USDT dominating the market.

The Open Money Stack could position Polygon as a leader in the global shift toward tokenized finance.

Analysts predict continued growth in the stablecoin sector as more institutions adopt onchain payment solutions.

The move also aligns with broader trends in global financial infrastructure, including the adoption of tokenized treasuries and institutional-grade crypto solutions.

Polygon’s strategy to combine licensed fiat access with onchain settlement supports broader adoption of decentralized finance.

The Open Money Stack initiative is expected to significantly expand the use of stablecoins in cross-border and enterprise payments.

Polygon Labs’ acquisitions of Coinme and Sequence reflect the company’s strategic focus on scaling stablecoin infrastructure and expanding its reach in the U.S. market.

The integration of regulated fiat on-ramps and cross-chain capabilities could enhance Polygon’s position in the emerging tokenized finance landscape.

The company’s vision for onchain payments includes real-time, 24/7 transactions with reduced reliance on traditional correspondent banking.

Polygon’s expansion into stablecoin payments aligns with growing institutional interest in tokenized assets and cross-border payment solutions.