Polygon Labs has agreed to acquire U.S.-based crypto payments firm Coinme and wallet infrastructure provider Sequence in deals totaling more than $250 million, strengthening its push into stablecoin-based payments.
The acquisitions give Polygon access to Coinme’s extensive U.S. licensing network and fiat on- and off-ramps, along with Sequence’s embedded wallets and cross-chain payment tools for enterprises and financial institutions.
Polygon said the two companies will anchor its “Polygon Open Money Stack,” combining regulated money movement, wallet infrastructure, and blockchain rails into a single platform. According to CEO Marc Boiron, the aim is to offer a fully integrated system for global stablecoin payments.
Notably, Coinme operates tens of thousands of crypto kiosks across the U.S., while Sequence focuses on simplifying cross-chain transactions. The move comes as competition heats up in the U.S. stablecoin payments space.
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