Polygon Labs has signed definitive agreements to acquire the payments firm Coinme and the wallet provider Sequence for an amount exceeding $250 million. This strategic move aims to accelerate the expansion of stablecoin payments in the United States infrastructure through the development of the Open Money Stack ecosystem. According to Marc Boiron, CEO of Polygon Labs, the transaction will allow the integration of regulated access ramps and cross-chain orchestration technology.
On the other hand, the acquisition of Coinme brings a fundamental regulatory advantage by having money transmitter licenses in 48 states across the country. This entity operates a physical network of more than 50,000 retail points, facilitating the conversion of fiat money to digital assets for millions of users. Likewise, the integration of Sequence will provide smart wallet technology that simplifies transaction management for businesses and consumers alike.
In this way, Polygon seeks to position itself as the standard for real-time global payment settlement using stable currencies. The companies involved have already processed more than $2 trillion in on-chain transfers, demonstrating their operational capacity. Therefore, the network expects to capture a higher volume of transactions, which will directly benefit the security and scalability of its own native cryptocurrency.
Will this acquisition be the definitive catalyst for the mass adoption of regulated digital payments in American territory?
Furthermore, the Open Money Stack aims to make the movement of money as fluid and fast as that of information. Thanks to Sequence’s “intents” engine, users will be able to send funds without worrying about complex exchange processes or bridges between different networks. On the other hand, this system will allow money to enter the blockchain and remain in it productively, generating constant returns.
Nonetheless, the success of this ambitious project will depend on the evolution of federal regulation regarding stable currencies in the coming months. Sandeep Nailwal, founder of Polygon, emphasized that the infrastructure defined today will be the financial foundation for the next three decades. Therefore, this strategic purchase places the firm in a privileged position to dominate stablecoin payments in the United States and the global market.
