Polygon Labs Enters US Stablecoin Payments With $250M Deal

In an effort to bolster its position in licensed stablecoin payments and fiat-to-crypto infrastructure in the US, Polygon Labs announced on January 13 that it had reached final agreements to purchase US-based digital currency payments company Coinme and wallet infrastructure provider Sequence for more than $250 million.

Polygon Labs Expands US Stablecoin Infrastructure

These purchases will provide real currency, digital fiat on- and off-ramps, wallet infrastructure, and cross-chain payment orchestration to the Polygon ecosystem as part of the Polygon Open Money Stack.

The organizations have handled more than $2 trillion in onchain value transfers and more than $1 billion in offchain transactions along with Polygon.

Transaction Timeline and Regulatory Approvals

Subject to usual regulatory clearances and closing conditions, the Sequence deal is anticipated to conclude this month, while the Coinme transaction is anticipated to close in Q2 2026.

The infrastructure behind stablecoins is still disjointed, despite its growing usage as a settlement layer for international payments, according to Marc Boiron, CEO of Polygon Labs.

Polygon Leadership on Open Money Vision

He said, “These purchases provide us regulated access to U.S. payment rails, wallet infrastructure, and cross-chain intent capabilities to develop an open payments company on top of onchain settlement.” The Polygon Foundation’s creator, Sandeep Nailwal, hopes to establish Polygon as the world’s largest stablecoin “money movement route.”

“Our goal is to reinvent the financial system such that it is instantaneous, dependable, programmable, and open by moving all money onchain.”With the Open Money Stack, we have a clear way to maintain the network open and interoperable while supporting developers, companies, and consumers as trillions of dollars move onchain,” he said.

India and Global Expansion Strategy

“We are now entering regulated companies with the launch of Coinme and Sequence stack, and given the majority of the volume is in USD, it is a logical starting place, and as we go further, India is one of the largest inbound remittance corridors for us, therefore we will be growing and adding new countries,” Aishwary Gupta, Global Head of Payments at Polygon Labs, told Moneycontrol. It is interesting to note that India is the nation that gets the highest remittances.

Coinme’s Role in Fiat-to-Crypto Access

Founded in 2014, Coinme offers a physical fiat-to-crypto network spanning more than 50,000 retail outlets under money-transmitter licenses in 48 US states. Coinstar, Exodus, Mercuryo, and Baanx are among the clients of the firm, which offers licensed wallet infrastructure, enterprise APIs, and regulated crypto-as-a-service services to fintechs and businesses.

Subject to regulatory clearances, which are anticipated in the second quarter of 2026, Coinme will continue to function as a fully owned subsidiary after the completion of the deal.

Sequence’s Cross-Chain Wallet Technology

With the addition of smart wallet technology, a cross-chain routing system, and a “intents” engine, Sequence allows users to transfer money across different blockchains without having to worry about bridges, swaps, or gas costs. Sequence promotes blockchain ecosystems including Polygon, Arbitrum, Immutable, and Magic Eden with the help of investors like Coinbase, Polychain, Brevan Howard Digital, and Consensys.

Later this month, the Sequence transaction is anticipated to conclude. According to Polygon, the purchases will serve as the foundation for its Open Money Stack, a comprehensive payments platform that satisfies enterprise-scale and regulatory needs while linking conventional financial institutions with onchain settlement.

Frequently asked questions

1. Why is Polygon Labs purchasing Sequence and Coinme?

The goal of Polygon Labs is to create an end-to-end, regulated stablecoin payments infrastructure in the United States. Sequence offers smart wallets and cross-chain payment technology, while Coinme adds licensed fiat-to-crypto on/off ramps. Together, these components make up Polygon’s Open Money Stack.

2. When will the purchase conclude and what is its value?

The total is more than $250 million. Subject to regulatory clearances, the Sequence acquisition is anticipated to conclude in January 2026, while Coinme is anticipated to close in Q2 2026.

3. Describe the Polygon Open Money Stack.

Stablecoin payments, wallet infrastructure, and cross-chain transactions at business scale are made possible by this comprehensive payments platform, which links conventional finance (cash, fiat rails, compliance) with onchain settlement.

4. How would this affect India and other nations?

Yes, Polygon has said that it intends to grow outside of the US. India is a major goal since it is the biggest inbound remittance market in the world, which makes it perfect for use cases involving stablecoin-based payments.

Conclusion

The purchase of Coinme and Sequence by Polygon Labs is a significant strategic step toward controlling onchain money transfers and controlled stablecoin payments. Polygon is establishing itself as a worldwide settlement layer for digital currency by fusing licensed US payment rails, actual cash access, smart wallets, and cross-chain capabilities. The Open Money Stack may be crucial as billions of money move onchain, with future growth anticipated for high-remittance areas like India.

Disclaimer

This content is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investments involve risk—please do your own research before making any decisions.