Polygon Labs has made a major move in the digital currency space. The company signed definitive agreements to acquire two key players. It will buy Coinme, a US-based digital currency payments firm, and Sequence, a wallet infrastructure provider. The total deal value exceeds $250 million.
Building the Polygon Open Money Stack
This strategic acquisition aims to accelerate Polygon's expansion into regulated stablecoin payments. The company calls this initiative the Polygon Open Money Stack. By bringing together Coinme and Sequence, Polygon gains three critical components. These include regulated fiat on- and off-ramps, wallet infrastructure, and cross-chain orchestration capabilities.
Marc Boiron, chief executive officer of Polygon Labs, explained the vision. "These acquisitions give us regulated access to U.S. payment rails, wallet infrastructure, and cross-chain intents capabilities," he said. Boiron emphasized that stablecoins are increasingly becoming a settlement layer for global payments.
Scale and Performance Metrics
The combined entities have already processed substantial volumes. Together, Polygon, Coinme, and Sequence have handled more than $1 billion in offchain sales. They have also facilitated over $2 trillion in onchain value transfers.
As payment activity grows, Polygon expects increased throughput and network fees on the Polygon Chain. This growth will directly benefit stakers and validators. The company will soon have the ability to conduct regulated stablecoin business in 48 states.
Polygon's onchain stablecoin supply reached approximately $3.3 billion at the close of 2025. This marked a three-year high according to data compiled on Dune.
About Coinme: Licensed Digital Currency Exchange
Founded in 2014, Coinme stands as one of the earliest licensed digital currency exchanges in the United States. The company operates with money-transmitter licenses in 48 US states. It runs a nationwide physical fiat-to-crypto network across more than 50,000 retail locations.
Coinme offers regulated crypto-as-a-service solutions, licensed wallet infrastructure, and enterprise APIs and SDKs. The company boasts backing from prominent investors. These include Pantera, Digital Currency Group, Coinstar, Circle, and MoneyGram.
Coinme serves enterprise clients such as Exodus, Coinstar, Mercuryo, and Baanx. It also supports more than one million users of its payments app. Following regulatory approvals, Coinme will operate as a wholly owned subsidiary of Polygon Labs.
Neil Bergquist, CEO of Coinme, highlighted the strategic fit. "By combining Coinme's regulated payment access with Polygon's settlement layer, we're building the vertically integrated stack the market needs," he said. Bergquist noted the deal would help unify fragmented stablecoin infrastructure.
About Sequence: Smart Wallets and Cross-Chain Solutions
Sequence, founded in 2017, brings smart wallets and a one-click cross-chain orchestration engine. This technology simplifies crypto payments by eliminating the need for users to manage gas, swaps, or bridging.
The company has attracted investment from notable backers. These include Brevan Howard Digital, Initialized Capital, Coinbase, Polychain, Consensys, Take-Two Interactive, Ubisoft, and Bitkraft.
Sequence's infrastructure supports major blockchain ecosystems. These include Polygon, Immutable, Arbitrum, and Magic Eden. The company also provides support for emerging networks. Sequence collaborates with Google Cloud as a partner and distribution channel.
Trails, powered by Sequence, offers universal rails for one-click crypto transactions. It enables interoperability and stablecoin payments via Circle's Cross-Chain Transfer Protocol.
Peter Kieltyka, co-founder and CEO of Sequence, emphasized user experience. He said simplifying onboarding and cross-chain payments would help overcome barriers to mainstream adoption.
Transaction Timeline and Regulatory Approvals
The Sequence transaction is expected to close this month. The Coinme acquisition is anticipated to close in the second quarter of 2026. Both deals remain subject to customary regulatory approvals.
Vision for Global Money Movement
Sandeep Nailwal, Polygon Foundation founder, articulated ambitious goals. He said the company aims to become "the biggest stablecoin money movement avenue in the world." Nailwal added, "Our mission is to move all money onchain and rebuild how money works so it is instant, reliable, programmable, and open."
This acquisition represents a significant step toward that vision. By combining regulated access, wallet technology, and cross-chain capabilities, Polygon positions itself at the forefront of the evolving digital payments landscape.
