Polygon Labs has entered into definitive agreements to acquire Coinme and Sequence for more than US$250m to bolster its payments infrastructure
Marc Boiron, CEO of Polygon Labs
Polygon Labs has entered into definitive agreements to acquire Coinme and Sequence for more than US$250m to bolster its payments infrastructure
The acquisition delivers three foundational components of the upcoming Polygon Open Money Stack which include physical cash and digital fiat on- and off-ramps.
It also integrates essential wallet infrastructure and cross-chain orchestration through intents to streamline onchain activity.
The businesses involved have already processed more than US$1bn in offchain sales and more than US$2trn of onchain value transfers.
Polygon Chain will capture the upside as payment activity scales through higher onchain throughput and increased network fees.

Coinme and Sequence are to be acquired by Polygon Labs. Credit: Coinme
Financial arrangements and closing conditions
The total consideration for the two acquisitions exceeds US$250m in value.
Sequence provides wallet and application infrastructure across major ecosystems including Immutable and Arbitrum.
The company also collaborates with Google Cloud as a partner and distribution channel for its technology.
Trails powered by Sequence provides universal rails for 1-click crypto transactions using any token.
Polygon’s onchain stablecoin supply reached approximately US$3.3bn at the close of 2025.
Coinme will operate as a wholly-owned subsidiary following the close of the transaction.
The Sequence transaction is expected to close this month while the Coinme deal should close in Q2 2026.
Both transactions remain subject to customary regulatory approvals and standard closing conditions.
Marc Boiron, CEO of Polygon Labs says: “Stablecoins are increasingly being used as a settlement layer for global payments, but the infrastructure around them remains fragmented.
“These acquisitions give us regulated access to US payment rails, wallet infrastructure, and cross-chain intents capabilities to build an open payments business on top of onchain settlement.”