Polygon Labs to Acquire Coinme and Sequence for US$250m

The acquisition delivers three foundational components of the upcoming Polygon Open Money Stack which include physical cash and digital fiat on- and off-ramps.

It also integrates essential wallet infrastructure and cross-chain orchestration through intents to streamline onchain activity.

The businesses involved have already processed more than US$1bn in offchain sales and more than US$2trn of onchain value transfers.

Polygon Chain will capture the upside as payment activity scales through higher onchain throughput and increased network fees.

Financial arrangements and closing conditions

The total consideration for the two acquisitions exceeds US$250m in value.

Sequence provides wallet and application infrastructure across major ecosystems including Immutable and Arbitrum.

The company also collaborates with Google Cloud as a partner and distribution channel for its technology.

Trails powered by Sequence provides universal rails for 1-click crypto transactions using any token.

Polygon’s onchain stablecoin supply reached approximately US$3.3bn at the close of 2025.

Coinme will operate as a wholly-owned subsidiary following the close of the transaction.

The Sequence transaction is expected to close this month while the Coinme deal should close in Q2 2026.

Both transactions remain subject to customary regulatory approvals and standard closing conditions. 

Marc Boiron, CEO of Polygon Labs says: “Stablecoins are increasingly being used as a settlement layer for global payments, but the infrastructure around them remains fragmented.

 “These acquisitions give us regulated access to US payment rails, wallet infrastructure, and cross-chain intents capabilities to build an open payments business on top of onchain settlement.”

Strategic expansion of the Open Money Stack

Coinme and Sequence are set to play foundational roles in building the Open Money Stack to move money anywhere.

The stack is an open and integrated suite of services designed to move money instantly and reliably.

Coinme brings money-transmitter licenses and compliance infrastructure that enable operations in 48 U.S. states.

The company also offers a regulated whitelabel crypto-as-a-service product for fintechs and enterprises.

Its physical fiat-to-crypto network spans more than 50,000 retail locations across the United States.

Sequence contributes smart wallets and a one-click cross-chain orchestration engine designed to simplify crypto payment flows.

This infrastructure allows users to manage transactions without the need to bridge assets or handle gas fees manually.

Sandeep Nailwal, founder of the Polygon Foundation says: "We aspire Polygon to be the biggest stablecoin money movement avenue in the world.

“Our mission is to move all money onchain and rebuild how money works so it is instant, reliable, programmable, and open. 

“As stablecoins become a core payment primitive, Polygon Labs is focused on building the middleware that allows payments to come onchain and move at global scale.

“ With the Open Money Stack, we have a clear path to support developers, businesses and users as trillions of dollars flow onchain, while keeping the network open and interoperable.”

Positioning in the global payments landscape

The Coinme and Sequence acquisitions allow for the delivery of intuitive and compliant Web3 experiences.

Developers can now tap into stablecoin payment growth across U.S. dollar stablecoins and international tokens.

Enterprises and institutions can leverage these tools for real-time settlements and reduced correspondent banking exposure.

The platform provides lower fees and predictable pricing for merchants and payout providers globally.

Coinme has been central to discussions regarding the rapid adoption of stablecoins for mainstream utility.

The Coinme platform helps facilitate the transition from speculation to utility through its extensive nationwide retail footprint.

Stablecoin adoption is expected to accelerate as institutional frameworks provide more clarity for B2B cross-border settlement.

The integration of Coinme into the Polygon ecosystem aligns with predictions that embedded finance will become commonplace by 2026.

Neil Bergquist, CEO of Coinme notes: “Federal stablecoin regulation has created a clear path to market, but scale requires integrating compliant fiat infrastructure with institutional-grade settlement rails.

 “By combining Coinme's regulated payment access with Polygon's settlement layer, we're building the vertically integrated stack the market needs – turning stablecoin infrastructure from fragmented services into a unified enterprise platform.”