US EditionPolygon Targets Stablecoin Payments with Deals Worth $250 Million
Polygon Labs acquired Seattle-based Coinme and New York-based Sequence for $250 million to expand stablecoin payments and compete with Stripe, boosting blockchain payment infrastructure.
- On Jan. 13, 2026, Polygon Labs closed deals to acquire Seattle-based Coinme and New York-based Sequence for more than $250 million.
- Over the past year, Polygon Labs has invested heavily in payments and acquired firms to advance its stablecoin strategy and build middleware for the Open Money Stack, said Marc Boiron.
- The combined platforms have processed more than $1 billion in offchain sales and over $2 trillion in onchain value transfers, with Coinme offering a retail network of over 50,000 locations and more than one million users.
- By folding Coinme in as a subsidiary, Polygon Labs gains regulated access to U.S. payment rails and wallet infrastructure, positioning it in competition with Stripe, Polygon executives said.
- Regulators targeted Coinme in 2025 for allowing withdrawals over $1,000 daily, while Neil Bergquist explained `Federal stablecoin regulation has created a clear path to market, but scale requires integrating compliant fiat infrastructure with institutional-grade settlement rails`.
22 Articles
22 Articles
Polygon targets stablecoin payments with deals worth $250 million
Blockchain firm Polygon Labs said on Tuesday it would buy crypto payments company Coinme and crypto infrastructure provider Sequence for more than $250 million, as it looks to tap the growing demand for stablecoin-based transactions.
Polygon Labs Inks Deal to Acquire Coinme, Sequence for $250M+ to Expand Into U.S. Licensed Stablecoin Payments
/PRNewswire/ -- Polygon Labs today announced definitive agreements to acquire Coinme and Sequence for more than $250 million, delivering three key components...
Polygon Labs Acquires Coinme, Sequence to Facilitate Stablecoin Payments
B2B2C crypto enablement platform Coinme has agreed to be acquired by Web3 software development firm Polygon Labs in a deal that also involves onchain payments company Sequence. The two acquisitions will help Polygon Labs complete its Open Money Stack, which is designed to enable regulated stablecoin payments and transfers. Founded in 2014 and headquartered in Seattle, Washington, Coinme made its Finovate debut at FinovateSpring 2022. Neil Bergqu…
In order to build an entire financial ecosystem on the blockchain, Polygon (POL) formalized 2 strategic acquisitions on Tuesday. What are these companies and what will they bring to the project? L'article "Polygon will become a regulated payment platform in the United States" thanks to 2 acquisitions appeared first on Cryptoast.
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