Polygon Acquires Coinme and Sequence to Expand Regulated Payments Infrastructure

• Polygon acquired Coinme to gain regulated U.S. fiat on/off-ramps, licensed in 48 states and connected to 50,000+ retail locations.
• Sequence adds smart wallets and cross-chain payments, enabling seamless stablecoin transfers without exposing users to blockchain complexity.
• Together, the deals form Polygon’s Open Money Stack, targeting banks and fintechs with compliant, scalable stablecoin payments.

Polygon Labs announced it has signed definitive agreements to acquire Coinme and Sequence, expanding into regulated U.S. payments. The move centers on building compliant stablecoin money movement. The acquisitions involve U.S.-based infrastructure, aims to connect fiat systems with onchain settlement through a single integrated platform.

Polygon said Coinme provides licensed access to U.S. money movement under existing regulatory frameworks. Coinme operates with money-transmitter licenses across 48 U.S. states. Notably, it supports fiat on- and off-ramps through more than 50,000 retail locations nationwide.

Coinme also offers licensed wallet infrastructure and enterprise APIs. These tools allow companies to offer crypto trading, custody, and regulated payment services. According to Polygon, Coinme already serves over one million users through its consumer payments app.

Coinme counts enterprise clients such as Exodus, Coinstar, and Baanx. Its investors include Pantera Capital, Digital Currency Group, Circle Ventures, Coinstar, and MoneyGram. Polygon said Coinme will operate as a wholly owned subsidiary, subject to regulatory approvals.

Sequence contributes wallet and payments infrastructure designed to simplify onchain transactions. Polygon said Sequence abstracts blockchain complexity from end users. This includes embedded smart wallets with enterprise-grade security.

Additionally, Sequence brings Trails, a one-click cross-chain orchestration and intents engine. Trails handles routing, swaps, bridging, and gas behind the scenes. According to Polygon, this allows applications to move stablecoins across networks without exposing users to technical steps.

Sequence is backed by Brevan Howard Digital, Initialized Capital, Coinbase, Polychain, Consensys, Ubisoft, and Take-Two Interactive. Its infrastructure is already used across Polygon, Immutable, Arbitrum, Monad, Magic Eden, and other ecosystems.

Polygon said the acquisitions form the foundation of its Open Money Stack. The stack combines blockchain settlement, regulated fiat access, wallet infrastructure, and cross-chain payments. Together, these components aim to support compliant stablecoin payments at scale.

According to Polygon, the Open Money Stack enables instant settlement, predictable execution and onchain usability. It targets banks, fintechs, merchants, and enterprises seeking integrated payment flows.

Polygon also said the strategy positions it as a revenue-generating blockchain payments company. The company reported that the combined platforms processed $1 billion in offchain sales and $2 trillion in onchain volume to date.