Polygon Labs says it has signed definitive agreements to acquire two US-regulated crypto payments companies.
Polygon announces purchase of digital asset payments platform Coinme and wallet infrastructure provider Sequence for over $250 million.
The agreement aims to create the Polygon Open Money Stack to enable compliant stable payments globally.
Coinme, founded in 2014, operates fiat-to-crypto services in 48 US states with money transfer licenses, a network of over 50,000 retail locations and enterprise APIs.
It serves more than a million users and major partners.
Sequence, founded in 2017, provides smart wallets, a 1-click cross-chain engine, and infrastructure supporting networks like Polygon, Arbitrum, and Immutable.
Working with Polygon, the companies have processed over $1 billion in off-chain sales and over $2 trillion in on-chain value transfers.
The Sequence transaction is expected to close this month, with the Coinme transaction planned for the second quarter of 2026, subject to regulatory approvals.
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