Polygon Labs just announced that they would be acquiring US-based crypto payments company Coinme and wallet infrastructure provider Sequence in a major, over $250 million deal.
This isn’t just another buyout, my friend; it’s a game-changer for Polygon Open Money Stack ambitions.
The two new additions are supposed to supercharge Polygon Labs’s push of regulated stablecoin payments. With Coinme’s network of U.S. money-transmitter licenses covering 48 states and its giant fleet of over 50,000 cash-to-crypto kiosks and ATMs, Polygon Labs gains instant fiat on- and off-ramps that feel seamless and compliant.
Meanwhile, Sequence’s cutting-edge embedded wallets and its Trails layer for effortless cross-chain transactions handle bridging, swaps, and gas, form the perfect toolkit for banks, fintechs, and big enterprises dipping their toes into blockchain.
Your completely free resource hub designed to boost your knowledge of cryptocurrencies
As Polygon itself shared on X, Coinme and Sequence form the bedrock of the Polygon Open Money Stack.
This unified platform blends blockchain rails, regulated money movement, and top-tier wallet tech into one powerhouse system built for real-world on-chain payments.
Polygon Labs CEO Marc Boiron speaking to the Chain Reaction podcast, said the goal is to evolve into a fully regulated payments platform.
“Ultimately, we become a regulated payments platform,” he explained.
“And our goal here is to offer one fully, vertically integrated stack that can allow anyone to use stablecoins to move money anywhere.”
Exciting times ahead for anyone watching where payments head next, particularly with Polygon.
