Polygon Labs Acquires Coinme and Sequence to Launch US-Regulated Crypto Payments Stack

Polygon Labs has agreed to acquire Coinme and Sequence for over $250 million to build its new Open Money Stack according to reports. The Open Money Stack aims to streamline payments with stablecoins and cross-chain transactions for users and developers as detailed in coverage. These acquisitions mark a strategic shift toward regulated payments and infrastructure.

Coinme offers regulated fiat on/off-ramps through 6,000+ kiosks and Sequence provides smart wallets and cross-chain tools according to financial reporting. Together, they will form the core of Polygon's regulated payment platform in the U.S. as announced. The acquisitions will help simplify onboarding, compliance, and cross-chain transfers.

Polygon Labs CEO Marc Boiron emphasized the need to create a seamless and open money movement system in a company statement. The Open Money Stack will offer a single API to streamline payments and reduce reliance on multiple service providers according to Cointelegraph. This change is part of a broader trend in crypto infrastructure development.

Why Did This Happen?

Polygon has historically focused on in-house development and spin-offs as reported. The acquisitions of Coinme and Sequence reflect a new approach to accelerate growth and access existing infrastructure according to business analysis. By acquiring licensed companies, Polygon gains compliance-ready solutions.

The Open Money Stack is designed to bridge traditional and on-chain financial systems according to financial reporting. It addresses the fragmentation in global payments and supports real-time, low-cost stablecoin settlements as noted by industry observers. This aligns with Polygon's long-term goal of moving all money onchain.

How Markets Responded

Polygon's on-chain stablecoin supply has grown to $3.3 billion, indicating strong market confidence according to market analysis. The announcement comes amid increased regulatory normalization in the U.S. and growing institutional interest in tokenized money. Stablecoin settlement is gaining traction in traditional finance.

Visa and other firms are also expanding stablecoin capabilities, showing broader industry adoption. Polygon's move positions it as a key player in the payments infrastructure space. The market response has been positive, with analysts noting the strategic value of the acquisitions.

What Are Analysts Watching Next?

Analysts are monitoring how the Open Money Stack will integrate Coinme and Sequence's services. The success of the platform depends on regulatory compliance and user adoption. Smooth onboarding and cross-chain efficiency are key factors.

The global expansion plans are also under scrutiny. Polygon aims to scale in the U.S. and expand into favorable regulatory markets. The Middle East, Latin America, and Europe are potential growth areas. Investors are watching for pilot programs and market traction.

Polygon's ability to reduce operational complexity and support yield generation will be critical. The Open Money Stack could redefine how money moves on blockchain. The long-term implications for global payments are significant.

Polygon expects the acquisitions to close by the end of 2026. Coinme will operate as a subsidiary, while Sequence will integrate its technology into the Open Money Stack. The full platform launch is expected to boost stablecoin adoption and regulatory compliance.

This shift in strategy shows Polygon's commitment to building a scalable, interoperable payments infrastructure. The market is watching closely as the company moves toward a regulated, profit-driven payments model. The success of this vision will shape the future of on-chain money movement.