Polygon Labs Acquires Coinme and Sequence for $250M

Summary

Polygon Labs is spending over $250 million to acquire Coinme and Sequence, aiming to deepen its push into stablecoin payments and onchain money movement. The deals are framed as the foundation for Polygon's upcoming Open Money Stack, a unified payments interface planned for 2026. The segment also describes a broader industry shift toward crypto neobank-like platforms, while noting POL traded at 15 cents, down about 2% on the day.

• Polygon Labs is acquiring Coinme and Sequence for more than $250 million.
• The acquisitions underpin Polygon's planned Open Money Stack for stablecoin payments and cross-border transfers.
• Polygon expects to launch the unified payments interface throughout 2026.
• The move reflects a wider crypto-industry shift toward neobank-like platforms on blockchain rails.
• Polygon is betting that abstracting technical complexity will boost enterprise and consumer adoption of onchain payments.
• POL was quoted at 15 cents, down around 2% at the time of recording.