Polygon Labs Bets $250M on Stablecoin Future With Coinme and Sequence Acquisitions

Polygon Labs, a blockchain technology company that builds Ethereum scaling solutions using advanced zero‑knowledge (ZK) technology, has announced it will acquire Coinme and Sequence in deals worth over $250 million, aiming to expand into regulated U.S. stablecoin payments and strengthen its Open Money Stack strategy.

Key Details of the Acquisition

• Deal Size: More than $250 million
• Targets:
  • Coinme → A U.S.-regulated crypto payments firm with licensed fiat on/off ramps.
  • Sequence → A wallet infrastructure provider enabling cross-chain payment orchestration.
• Strategic Goal: Build Polygon’s Open Money Stack, a vertically integrated solution for stablecoin payments at scale.
• Market Impact: Access to regulated fiat-to-crypto infrastructure in 48 U.S. states; expansion into India and other markets planned after U.S. rollout.
• Transaction Timeline: Sequence deal expected to close this month; Coinme deal expected to close later in 2026.

Why This Matters

• Scale Boost: Combined businesses have processed $1B+ in offchain sales and $2T+ in onchain transfers.
• Regulatory Edge: Coinme’s licenses give Polygon legal access to fiat ramps.
• Ecosystem Growth: Wallet infrastructure from Sequence strengthens Polygon’s ability to orchestrate cross-chain payments.
• Revenue Potential: Increased network fees and throughput will directly benefit Polygon stakers and validators.

Comparison of Acquired Firms

Feature	Coinme	Sequence
Founded	2014	Recent (wallet infra startup)
Core Offering	Licensed fiat on/off ramps, crypto ATMs	Wallet infrastructure, cross-chain orchestration
Regulatory Status	Licensed in 48 U.S. states	Infrastructure provider (non-regulated)
Strategic Value to Polygon	Enables regulated stablecoin payments	Powers Open Money Stack wallet + cross-chain
Scale	1M+ users, $1B+ offchain sales	$2T+ onchain transfers with Polygon

Risks & Considerations

• Regulatory Scrutiny: Stablecoin payments in the U.S. face evolving compliance requirements Integration Challenges: Merging Coinme’s fiat-heavy operations with Polygon’s blockchain ecosystem could be complex.
• Competition: Other blockchain firms (e.g., Circle, Ripple) are also pushing into regulated stablecoin payments.
• Global Expansion: India is mentioned as a next market, but regulatory clarity remains uncertain.

Bottom Line: Polygon Labs’ acquisition of Coinme and Sequence is a bold $250M+ bet to dominate regulated stablecoin payments in the U.S. and beyond.

Notably, Polygon Labs is one of the leading players in the Ethereum scaling ecosystem, known for its ZK‑based Layer‑2 solutions and commitment to building an open, interoperable Web3 infrastructure.