Polygon Labs says it has signed definitive agreements to acquire a pair of US-regulated crypto payments companies.
Polygon says it is buying digital asset payments platform Coinme and wallet infrastructure provider Sequence for more than $250 million.
The deal aims to build the Polygon Open Money Stack to enable compatible stablecoin payments on a global scale.
Founded in 2014, Coinme operates fiat-to-crypto services in 48 US states with money transmitter licenses, a network of more than 50,000 retail locations and enterprise APIs.
It serves more than a million users and major partners.
Founded in 2017, Sequence offers smart wallets, a 1-click cross-chain engine, and infrastructure that supports networks such as Polygon, Arbitrum, and Immutable.
Together with Polygon, the companies have processed more than $1 billion in off-chain sales and more than $2 trillion in on-chain value transfers.
The Sequence transaction is expected to close this month, with the Coinme deal scheduled for the second quarter of 2026, subject to regulatory approval.
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