Polygon builds regulated payments platform with Coinme, Sequence acquisitions

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Yaroslav Dmytrenko

13.01.2026

Polygon builds regulated payments platform with Coinme, Sequence acquisitions — Polygon Labs buys Coinme, Sequence in $250M stablecoin push

Polygon Labs has acquired crypto payments company Coinme and wallet infrastructure provider Sequence in deals totaling more than $250 million, positioning the network as a regulated payments platform built for large-scale stablecoin transfers.

Polygon Labs did not disclose the individual terms of each deal or whether the transactions were conducted using cash, stock, or a combination of both. However, the acquisitions give the Ethereum scaling network access to Coinme’s U.S. money transmission license network and fiat on- and off-ramps, as well as Sequence’s embedded wallets and cross-chain payment tools for banks, fintech companies, and enterprises.

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According to a post by Polygon on X, the two companies will help lay the foundation for what it calls the “Polygon Open Money Stack,” combining blockchain technology, regulated money movement, and wallet infrastructure into a single platform designed for on-chain payments.

“Ultimately, we are becoming a regulated payments platform. Our goal is to offer a fully vertically integrated stack that allows anyone to use stablecoins to move money anywhere,” Polygon Labs CEO Marc Boiron said in an interview on Cointelegraph’s Chain Reaction podcast.

Ready to enter the payments market

Following the acquisition of Coinme and Sequence, the combined entity will gain Coinme’s licensing network spanning 48 U.S. states, alongside multi-chain wallet infrastructure and transaction capabilities. According to the company’s website, Coinme operates more than 50,000 retail kiosks and cash-to-crypto ATMs across the United States.

Polygon added that integrating Sequence is intended to reduce user friction through embedded wallets and the Trails orchestration layer, which enables cross-chain transactions by abstracting tasks such as bridging, token swaps, and gas management.

The acquisitions come amid intensifying competition around stablecoin payment infrastructure in the U.S. Since the passage of the GENIUS Act in July 2025, stablecoins have become central to crypto, fintech, and traditional payments, as U.S. companies prepare to process tokenized dollars at scale.

Boiron downplayed comparisons between Polygon and payment giants such as Stripe, saying he does not view Polygon as a direct competitor. He noted that most companies are still in the early stages of exploring stablecoins, with Polygon Labs focused on partnering with established players as adoption evolves.

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