Polygon Labs, Coinme and Sequence have entered into definitive agreements as part of a strategic acquisition initiative.
The acquisitions are designed to complete Polygon Labs’ core infrastructure for regulated stablecoin payments and money movement in the U.S., combining blockchain rails with licensed fiat access and enterprise wallet capabilities. The value of the deal has not been disclosed.
Polygon Labs’ rationale for acquiring Coinme and Sequence is centred on closing a critical infrastructure gap in stablecoin adoption. While stablecoins are increasingly used as a form of money, existing financial systems struggle to integrate them without regulatory uncertainty, fragmentation, or operational complexity. By bringing regulated fiat on- and off-ramps, wallet infrastructure, and onchain orchestration under one umbrella, Polygon Labs aims to make stablecoin payments predictable, compliant, and seamless for both businesses and consumers.
Polygon Labs focuses on building scalable blockchain infrastructure that supports decentralised applications and global payment flows. Through its blockchain rails, the company enables fast settlement, cross-border transactions, and programmable money use cases. With these acquisitions, Polygon Labs positions itself as a revenue-generating blockchain payments company rather than solely an infrastructure provider.
Coinme operates licensed U.S. fiat on- and off-ramps and serves more than one million existing users. Its regulated footprint allows users and businesses to move between traditional fiat currencies and digital assets in a compliant manner, providing a crucial bridge between legacy financial systems and onchain payment networks.
Sequence provides enterprise wallet infrastructure and enables one-click, cross-chain transactions. Its technology simplifies user experience and reduces friction in interacting with blockchain-based applications, supporting secure wallet management and seamless transaction execution across multiple networks.
Together, the acquisitions underpin what Polygon Labs calls the Open Money Stack, a vertically integrated and open set of services designed to power compliant, global stablecoin payments. The Open Money Stack is intended to enable payments to settle in seconds rather than days, allow funds to move across borders without correspondent banks or cutoff times, and ensure that money remains usable onchain immediately upon arrival.
Additional information from the announcement highlights Polygon Labs’ broader vision to empower anyone, anywhere, to move money instantly. By combining blockchain rails with regulated financial infrastructure, the company aims to rebuild how money operates at global scale, making settlement delays, cross-border friction, and failure cases largely invisible to end users.
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