Polygon Labs Acquires Coinme and Sequence in $250M+ Deal to Expand U.S. Stablecoin Payments

Polygon Labs has announced definitive agreements to acquire Coinme and Sequence for more than $250 million, marking one of the most significant infrastructure moves in the crypto payments space. The deal positions Polygon to aggressively expand into U.S.-licensed stablecoin payments, combining regulated fiat access, enterprise wallets, and cross-chain orchestration under a single, open framework.

The acquisitions deliver three foundational components of the forthcoming Polygon Open Money Stack: compliant fiat on- and off-ramps, smart wallet infrastructure, and seamless cross-chain execution through intents. Together with Polygon, Coinme and Sequence have already processed over $1 billion in offchain sales and more than $2 trillion in onchain value transfers, underscoring the scale Polygon aims to bring to global payments.

Coinme brings regulated U.S. payment rails at scale

Founded in 2014, Coinme is one of the earliest licensed digital currency exchanges in the United States. It operates under money-transmitter licenses in 48 U.S. states, offering a rare combination of regulatory coverage, physical retail access, and enterprise-grade crypto services.

Coinme’s infrastructure includes a 50,000+ location physical fiat-to-crypto network, licensed wallet custody, and whitelabel crypto-as-a-service solutions used by fintechs and enterprises. Backed by investors such as Pantera, Digital Currency Group, Coinstar, Circle, and MoneyGram, Coinme serves major partners including Exodus, Mercuryo, and Baanx, alongside more than one million retail users.

Following regulatory approval, Coinme will operate as a wholly owned subsidiary of Polygon Labs, anchoring its push into compliant U.S. dollar stablecoin payments.

Sequence simplifies cross-chain payments and wallets

Sequence adds a critical technical layer to Polygon’s strategy with its smart wallets and 1-click cross-chain orchestration powered by intents. The platform abstracts away the complexity of bridging, swaps, and gas fees, enabling users to transact across chains with familiar, intuitive flows.

Backed by investors including Brevan Howard Digital, Coinbase, Polychain, and Consensys, Sequence supports major ecosystems such as Polygon, Arbitrum, Immutable, and Magic Eden, while collaborating with Google Cloud as a distribution partner. Its Trails product enables universal, wallet-agnostic crypto payments and interoperable stablecoin transfers, including support for Circle’s Cross-Chain Transfer Protocol.

Building the Polygon Open Money Stack

By combining Coinme’s regulated fiat infrastructure with Sequence’s battle-tested wallet and cross-chain tooling, Polygon Labs is creating an integrated platform designed for banks, fintechs, enterprises, merchants, and remittance providers. The Open Money Stack aims to enable real-time settlements, lower fees, reduced reliance on correspondent banking, and predictable pricing through stablecoins.

“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. “These acquisitions give us regulated access to U.S. payment rails, wallet infrastructure, and cross-chain intents capabilities.”

Polygon Foundation founder Sandeep Nailwal added that the long-term mission is to move “all money onchain,” making it instant, programmable, and open.

Polygon’s onchain stablecoin supply reached $3.3 billion by the end of 2025, a three-year high. The Sequence acquisition is expected to close this month, while the Coinme transaction is slated for Q2 2026, pending regulatory approvals.

With these moves, Polygon Labs is positioning itself as a leading stablecoin money movement layer, bridging traditional finance and onchain settlement at global scale.