Polygon Pushes Into Regulated Payments With Major U.S. Acquisitions

The network’s developer arm, Polygon Labs, has agreed to acquire U.S.-based crypto payments firm Coinme and wallet infrastructure provider Sequence in transactions valued at more than $250 million, according to Fortune.

Rather than focusing on faster blocks or lower fees, the acquisitions target control over how money enters, moves through, and exits blockchain systems. Coinme contributes a nationwide regulatory footprint, including money-transmitter licenses across forty-eight U.S. states, along with established fiat on- and off-ramps. Sequence complements this with embedded wallets and cross-chain payment tools tailored for banks, fintech firms, and large enterprises.

Together, these elements form what Polygon calls the “Polygon Open Money Stack” — a unified platform that blends blockchain settlement, regulated money movement, and wallet infrastructure. The intent is to allow stablecoin payments to function seamlessly in the background, without exposing users or businesses to onchain complexity.

Building a Full-Stack Payments Network

Polygon CEO Marc Boiron has described the move as a shift toward operating like a regulated payments provider. As enterprises cautiously explore blockchain use cases, he argues, demand is gravitating toward compliant, end-to-end systems rather than experimental decentralized applications. Polygon’s objective is to offer a vertically integrated stack that enables stablecoins to move value globally through a single platform.

Coinme also brings a physical distribution layer. The company operates more than 50,000 cash-to-crypto kiosks and ATMs across the United States, extending Polygon’s reach into retail environments. Sequence, by contrast, focuses on reducing friction at the user interface level, using embedded wallets and its orchestration layer to handle cross-chain transfers, token swaps, and gas fees behind the scenes.

Despite the scale of the move, Polygon has been careful to position itself as a partner rather than a challenger to traditional payments companies. Boiron has pushed back on comparisons to firms like Stripe, noting that most enterprises are still early in their stablecoin adoption and that Polygon aims to work alongside existing financial players.

The broader context is a rapidly intensifying race around stablecoin infrastructure in the United States. Since the passage of the GENIUS Act in mid-2025, tokenized dollars have become a strategic priority across crypto, fintech, and traditional payments.
Stripe has announced its payments-focused blockchain, Tempo, while PayPal continues expanding PayPal USD beyond Ethereum to Solana. Global networks Visa and Mastercard are also positioning around stablecoin settlement, alongside initiatives involving USD Coin and Euro Coin.

Against this backdrop, Polygon’s acquisitions signal a clear strategic pivot. The network is no longer content to sit beneath applications as neutral infrastructure. Instead, it is aiming to become a regulated bridge between traditional finance and onchain payments — one where stablecoins function as invisible, enterprise-ready money rails rather than niche crypto assets.

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