Polygon Labs announced agreements to acquire crypto payment gateway Coinme and wallet-infrastructure provider Sequence for a combined purchase price exceeding $250 million, marking a strategic expansion into regulated stablecoin payments. The acquisitions will bring licensed fiat-to-crypto on- and off-ramps, one-click cross-chain transaction capabilities, and enterprise-grade wallet services under the Polygon Open Money Stack initiative.
Coinme, founded in 2014, holds money-transmitter licenses across 48 US states and operates a physical retail network of over 50,000 locations, enabling cash-to-crypto conversions. The integration of Coinme’s compliance infrastructure and retail footprint is expected to accelerate stablecoin adoption among unbanked and underbanked populations, while providing Polygon users seamless access to regulated dollar-pegged tokens.
Sequence offers smart-wallet routing and an intents engine that abstracts cross-chain complexity, allowing developers to implement payment flows with a single integration. Polygon Labs plans to leverage Sequence’s technology to enable instant, permissionless stablecoin payments across multiple blockchain ecosystems without requiring end users to manage bridging or native gas tokens.
The combined acquisitions align with growing institutional demand for compliant, high-throughput payment rails. Polygon’s on-chain settlement network processed more than $2 trillion in transaction volume in 2025, and on-chain stablecoin supply on Polygon Chain reached a three-year high of $3.3 billion. Integrating regulated fiat rails and wallet orchestration is expected to drive further network activity and associated staking rewards.
Transaction close depends on customary regulatory approvals and closing conditions, with Sequence expected to join Polygon Labs in Q1 2026 and the Coinme transaction following in Q2 2026. Stakeholders view the move as a key step toward a vertically integrated, open-finance ecosystem that bridges legacy financial systems and on-chain settlement for global payments.
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