Polygon Labs announced it has signed definitive agreements to acquire Coinme and Sequence for more than $250 million, aiming to expand into regulated U.S. stablecoin payments and deliver core components of what it calls the Polygon Open Money Stack. The company said the acquisitions add at-scale fiat coverage through physical cash and digital fiat on- and off-ramps, wallet infrastructure, and cross-chain orchestration through intents.
Polygon Labs said that, together with Polygon, the businesses have processed more than $1 billion in offchain sales and facilitated more than $2 trillion in onchain value transfers. The company framed the transactions as a way to consolidate fragmented stablecoin payment infrastructure by combining compliant fiat access, custody and liquidity capabilities, and wallet and cross-chain routing technology, while driving more payment throughput and network fees on Polygon Chain.
Coinme, founded in 2014, brings money-transmitter licenses and compliance infrastructure that enable operations in 48 U.S. states, along with a regulated white-label crypto-as-a-service offering aimed at fintechs, enterprises, and payment applications. Polygon Labs said Coinme also operates a physical fiat-to-crypto network spanning more than 50,000 retail locations, plus a licensed wallet infrastructure and enterprise APIs and SDKs. The company said Coinme counts enterprise customers including Exodus, Coinstar, and Baanx, and has more than one million users of its Coinme payments app. Coinme’s investors include Pantera, Digital Currency Group, Coinstar, Circle Ventures, and MoneyGram, according to Polygon Labs.
Sequence adds smart wallets and a one-click cross-chain orchestration and intents engine designed to simplify payment flows across networks without requiring users to manage bridging, swaps, or gas, Polygon Labs said. The company said Sequence is backed by investors including Brevan Howard Digital, Initialized Capital, Coinbase, Polychain, Consensys, Take-Two Interactive, Ubisoft, and Bitkraft, and provides wallet and application infrastructure across ecosystems including Polygon, Immutable, Monad, Magic Eden, and Arbitrum, while supporting emerging networks such as SKALE, Etherlink, ApeChain, Soneium, and Somnia. Polygon Labs also said Sequence collaborates with Google Cloud as a partner and distribution channel.
Polygon Labs highlighted Trails, powered by Sequence, as a key piece of the planned stack, describing it as “universal rails” for one-click crypto transactions and payments across chains using any token and any wallet. The company said Trails supports projects including Katana and Foresight and enables interoperability and stablecoin payments via Circle’s Cross-Chain Transfer Protocol.
The Sequence acquisition is expected to close this month, while the Coinme transaction is expected to close in Q2 2026, subject to customary regulatory approvals and closing conditions. Polygon Labs also cited Dune data indicating Polygon’s onchain stablecoin supply was about $3.3 billion at the close of 2025, which it described as a three-year high.
KEY QUOTES:
“Stablecoins are increasingly being used as a settlement layer for global payments, but the infrastructure around them remains fragmented. These acquisitions give us regulated access to U.S. payment rails, wallet infrastructure, and cross-chain intents capabilities to build an open payments business on top of onchain settlement.”
Marc Boiron, Chief Executive Officer, Polygon Labs
“We aspire Polygon to be the biggest stablecoin money movement avenue in the world. Our mission is to move all money onchain and rebuild how money works, so it is instant, reliable, programmable, and open. As stablecoins become a core payment primitive, Polygon Labs is focused on building the middleware that allows payments to come onchain and move at a global scale. With the Open Money Stack, we have a clear path to support developers, businesses, and users as trillions of dollars flow onchain, while keeping the network open and interoperable.”
Sandeep Nailwal, Founder, Polygon Foundation
“Federal stablecoin regulation has created a clear path to market, but scale requires integrating compliant fiat infrastructure with institutional-grade settlement rails. By combining Coinme’s regulated payment access with Polygon’s settlement layer, we’re building the vertically integrated stack the market needs; turning stablecoin infrastructure from fragmented services into a unified enterprise platform.”
Neil Bergquist, CEO, Coinme
“Fragmentation across blockchains has been one of the biggest barriers to mainstream adoption. By simplifying onboarding and cross-chain payments, Polygon is creating an environment where global payments can feel familiar and reliable.”
Peter Kieltyka, Co-Founder And CEO, Sequence
