Polygon Labs to Acquire Coinme and Sequence in $250M Push Into Regulated Stablecoin Payments

New updates have been reported about Polygon Labs.

Polygon Labs has agreed to acquire U.S.-regulated payments firm Coinme and crypto infrastructure provider Sequence in deals exceeding $250 million, securing core components of its planned Polygon Open Money Stack, including fiat on- and off-ramps, wallet infrastructure, and cross-chain payment orchestration. The businesses, which have already helped process more than $1 billion in offchain sales and over $2 trillion in onchain value transfers with Polygon, are expected to drive higher throughput and fee revenue on Polygon Chain, directly benefiting network stakers and validators.

Coinme brings money-transmitter licenses and compliance infrastructure that support operations in 48 U.S. states, a 50,000+ location physical cash-to-crypto network, and a regulated wallet and API suite that will be folded into Polygon as a wholly owned subsidiary after regulatory approval targeted for Q2 2026. Sequence contributes enterprise-grade smart wallets and a one-click cross-chain intents engine, used to abstract bridging, swaps, and gas across multiple networks, with its deal expected to close this month.

By integrating Coinme’s regulated fiat access and custody capabilities with Sequence’s wallet and cross-chain rails, Polygon Labs aims to offer an integrated payments stack that lets banks, fintechs, enterprises, and remittance providers move stablecoins and other tokens across chains while maintaining compliance and reliability at scale. The company positions this as infrastructure to capture growing global demand for 24/7, low-cost stablecoin settlement, building on Polygon’s roughly $3.3 billion onchain stablecoin supply at the end of 2025 and its existing role in processing trillions in onchain value.

CEO Marc Boiron said the acquisitions provide regulated access to U.S. payment rails and the middleware needed to build an open payments business atop onchain settlement, while founder Sandeep Nailwal framed the strategy as making Polygon the leading venue for stablecoin money movement globally. With federal stablecoin regulation clarifying the U.S. market path and ongoing fragmentation across blockchains, Polygon Labs expects the Open Money Stack to unify currently disjointed fiat, stablecoin, and cross-chain services into a single enterprise-grade platform for onchain money movement.