Polygon Labs is making a major push into the U.S. stablecoin market with a $250 million deal to acquire Coinme and Sequence.
Key Takeaways
- Polygon Labs is acquiring Coinme and Sequence for over $250 million to expand its stablecoin payment infrastructure in the U.S.
- Coinme brings regulatory licenses, fiat on-ramps, and a nationwide retail presence, while Sequence contributes smart wallet and cross-chain payments technology.
- The acquisitions will form key components of Polygon’s Open Money Stack, aimed at simplifying and scaling stablecoin payments globally.
- The Sequence deal is closing this month, while Coinme’s acquisition is expected to close in Q2 2026 pending regulatory approvals.
What Happened?
Polygon Labs announced definitive agreements to acquire U.S.-based digital currency payments company Coinme and wallet infrastructure firm Sequence. Valued at more than $250 million, the acquisitions will bolster Polygon’s stablecoin capabilities and integrate critical fiat-to-crypto and wallet services into its blockchain ecosystem.
The move signals Polygon’s ambition to lead in the stablecoin payments space by combining regulated access, smart wallets, and cross-chain orchestration under its Open Money Stack.
BREAKING: $250M BOMBSHELL! @0xPolygon acquires Coinme & Sequence in major stablecoin push to revamp payments – big changes ahead! pic.twitter.com/A29Yu48nxW
— CoinLaw (@coinlaw_io) January 13, 2026
Polygon’s Big Bet on Stablecoins
Polygon Labs is diving deep into U.S. regulated payments through its latest acquisitions of Coinme and Sequence, two firms with complementary capabilities in fiat-crypto integration and cross-chain wallet technology.
Coinme: A Regulated Bridge Between Fiat and Crypto
Founded in 2014, Seattle-based Coinme operates the largest crypto cash network in the United States, enabling crypto purchases at more than 50,000 retail locations through partnerships with MoneyGram and Coinstar. The company holds money-transmitter licenses in 48 U.S. states, giving Polygon direct access to U.S. payment rails.
- Coinme processed over $1 billion in transaction volume in 2025 and became profitable.
- Its services include a regulated wallet infrastructure, enterprise APIs, and crypto-as-a-service offerings.
- Backed by major investors like Pantera, Digital Currency Group, Circle Ventures, and MoneyGram.
- Coinme’s compliance and licensing stack will now support Polygon’s expansion into stablecoin payments across regulated markets.
Despite recent scrutiny from Washington state regulators over an accounting dispute related to a discontinued voucher product, Coinme resolved the issue and resumed operations. Polygon confirmed that the acquisition deal was arranged before the cease-and-desist order was issued.
Coinme will continue operating independently as a wholly owned subsidiary after the acquisition closes in Q2 2026.
Sequence: Smart Wallets and Seamless Cross-Chain Payments
Sequence brings cutting-edge wallet infrastructure to Polygon’s ecosystem. Its smart wallets and intents-based cross-chain orchestration engine make it easier for users and developers to perform crypto transactions without worrying about bridging, swaps, or gas fees.
- Sequence supports wallets across top blockchain networks like Polygon, Arbitrum, Immutable, and Magic Eden.
- The company also collaborates with Google Cloud as a distribution partner.
- Trails, powered by Sequence, enables 1-click stablecoin payments and crypto transfers across chains using any token and wallet.
The Sequence acquisition is set to close this month.
A New Financial Stack for the Blockchain Era
Polygon’s goal is to create an Open Money Stack, a modular set of tools and services to move money seamlessly between traditional finance and blockchain infrastructure. The acquisitions of Coinme and Sequence complete three core elements:
- Fiat on- and off-ramps through Coinme’s cash-to-crypto distribution.
- Smart wallet infrastructure via Sequence’s enterprise tech.
- Cross-chain payment orchestration to enable seamless, user-friendly transactions across blockchains.
Marc Boiron, CEO of Polygon Labs, said:
Sandeep Nailwal, founder of the Polygon Foundation, added, “We aspire Polygon to be the biggest stablecoin money movement avenue in the world.”
CoinLaw’s Takeaway
I think this is one of the smartest moves Polygon has made in recent years. In my experience, the biggest bottleneck for stablecoin adoption has always been the gap between regulated fiat systems and onchain infrastructure. By bringing Coinme’s licenses and retail network together with Sequence’s slick wallet tech, Polygon isn’t just scaling payments but it’s reengineering them. This sets them up to be a serious player in global finance, not just crypto.
