Polygon Labs, the team behind the Polygon network, just made a bold move to speed up its stablecoin payments strategy. On January 13, 2026, they said they’re buying two U.S. crypto companies, Coinme and Sequence, for over $250 million.
This isn’t just about getting bigger; it’s about shifting focus. Polygon Labs wants to go from being just a scaling solution to building a full payments platform that can handle stablecoin settlements on a much larger scale.
These acquisitions are at the heart of what they’re calling the “Polygon Open Money Stack, a vision for a fully integrated payment ecosystem.
Let’s talk about Coinme. Launched in 2014 and based in Seattle, Coinme runs a regulated digital currency payment business with serious compliance chops.
They have money-transmitter licences in 48 states and operate over 50,000 places where people can swap cash for crypto, think kiosks and ATMs all across the country.
For Polygon Labs, Coinme’s setup is a huge asset. They get straight into U.S. payment systems and can actually connect cash to crypto, exactly what stablecoins need to work with regular banks.
And with Coinme’s APIs and SDKs, fintechs, merchants, and payment companies can just add fiat-to-crypto features without the headache of building all those compliance tools from scratch.
Sequence: Simplifying Wallets and Cross-Chain Payments
Sequence, launched in 2017, powers Polygon’s push for better wallet infrastructure and smooth cross-chain actions.
The team built smart wallets and an intent engine, so developers can roll out easy, cross-blockchain payments without forcing users to mess with bridging, swaps, or gas fees.
You’ll find Sequence’s tech running on big platforms like Polygon, Arbitrum, Immutable, and more.
Developers building dApps and payment tools lean on Sequence to make things work behind the scenes.
Backers like Brevan Howard Digital, Coinbase, and Polychain have thrown their weight behind the company, which says a lot about how much pull Sequence has in the crypto infrastructure world.
More News: Mastercard, Mercuryo and Polygon Expand Crypto Credential
The Open Money Stack: Bridging Traditional and On-Chain Payments
Polygon Labs wants to pull all the scattered pieces of payment infrastructure into one smooth system. They call it the Open Money Stack.
Here’s how it works: Coinme handles the regulated fiat side, Sequence takes care of wallets and moving money across different chains, and Polygon’s own blockchain makes sure everything runs fast and cheap, anywhere in the world.
Polygon Labs says this setup is built for a big mix of clients, banks, fintech companies, big businesses, and merchant platforms.
Anyone who wants to use stablecoins for real-time payments, sending money across borders, or setting up programmable money flows.
The idea is simple: cut out the hassle, lower compliance headaches, and speed up value transfers, whether you’re dealing with traditional finance or Web3.
Deal Timeline and Regulatory Approvals
Polygon Labs says it plans to wrap up the Sequence acquisition sometime in January 2026. The Coinme deal should finish by the second quarter of that year, as long as regulators sign off and everything else falls into place.
After closing, Coinme joins Polygon Labs as a fully owned subsidiary. It’ll keep its regulated setup, but now, it plays a bigger role in Polygon’s payments ecosystem.
These moves come as stablecoin supply on Polygon keeps climbing, and overall blockchain activity is hitting levels not seen in years.
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