Polygon Labs has signed definitive agreements to acquire U.S.-regulated payments firm Coinme and wallet infrastructure provider Sequence for more than $250 million, as it accelerates its expansion into licensed stablecoin payments in the United States.
In a press release shared with CryptoNews the firm said the transactions 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.
Building Regulated Scale for Stablecoin Payments
Together with Polygon, Coinme and Sequence have already processed more than $1 billion in offchain sales and over $2 trillion in onchain value transfers.
As payments activity grows, Polygon Chain is positioned to capture increased onchain throughput and network fees, directly benefiting validators and stakers.
The acquisitions come as stablecoins continue to gain traction as a settlement layer for global payments, particularly following recent progress on U.S. federal stablecoin regulation.
Polygon’s strategy is to combine compliant fiat access with onchain settlement at scale, creating a vertically integrated payments stack.
Coinme Brings U.S. Licensing and Physical Distribution
Founded in 2014, Coinme is one of the earliest licensed digital currency exchanges in the United States. The company holds money-transmitter licenses covering 48 U.S. states and operates a physical fiat-to-crypto network across more than 50,000 retail locations.
Coinme also provides regulated crypto-as-a-service offerings for fintechs and enterprises, alongside licensed wallet infrastructure, enterprise APIs and SDKs.
Backed by investors including Pantera, Digital Currency Group, Coinstar, Circle and MoneyGram, Coinme serves enterprise customers such as Exodus, Coinstar, Mercuryo and Baanx, in addition to more than one million retail users.
Following regulatory approvals, Coinme will operate as a wholly owned subsidiary of Polygon Labs.
Sequence Adds Wallets and Cross-Chain Intents
Sequence contributes smart wallet technology and a one-click cross-chain orchestration and intents engine that abstracts away complexity for users. Its infrastructure enables payments across multiple blockchains without requiring users to manage bridges, swaps or gas.
Backed by investors including Brevan Howard Digital, Initialized Capital, Coinbase, Polychain and Consensys, Sequence supports major ecosystems such as Polygon, Arbitrum and Immutable while also partnering with Google Cloud as a distribution channel.
Its Trails platform provides universal rails for cross-chain transactions and interoperable stablecoin payments, including support for Circle’s Cross-Chain Transfer Protocol.
The Open Money Stack Vision
By combining Coinme’s regulated fiat access with Sequence’s wallet and cross-chain capabilities, Polygon aims to deliver an open, integrated payments platform for banks, fintechs, enterprises, remittance providers and merchants.
The goal is to allow real-time, 24/7 stablecoin settlements with lower fees, reduced reliance on correspondent banking and predictable pricing.
“Stablecoins are increasingly being used as a settlement layer for global payments, but the infrastructure around them remains fragmented,” said Marc Boiron, CEO of Polygon Labs.
Polygon founder Sandeep Nailwal added that the Open Money Stack provides a clear path to support trillions of dollars moving onchain, while keeping the network open and interoperable.
Polygon’s onchain stablecoin supply reached approximately $3.3 billion at the end of 2025, according to data compiled on Dune.
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