Polygon invests $250 million to acquire two startups in a row, aiming to build a complete on-chain payment stack

PriceOracleFairy · 2026-01-13T13:42:10+00:00

Polygon Labs recently acquired Coinme and Sequence for over $250 million to strengthen its presence in the stablecoin payment sector. These two companies will provide Polygon with a comprehensive on-chain payment infrastructure, facilitating the application of stablecoins in real-world payment scenarios.

PriceOracleFairy

2026-01-13 13:42:10

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【Chain News】Polygon Labs has recently made a big move—spending over $250 million to acquire two crypto startups, Coinme and Sequence. This move is mainly to strengthen its layout in the stablecoin payment field.

Coinme is quite interesting; it holds remittance licenses in multiple states in the US and specializes in infrastructure business for crypto ATMs. Sequence primarily provides wallet and on-chain infrastructure services. The combination of the two companies allows Polygon to cover the entire chain from wallets and infrastructure to payment channels.

Polygon officials stated that this acquisition strategy is actually a “reverse benchmarking” against the stablecoin strategy of a certain leading exchange—how they operate, I approach from a different angle. The ultimate goal is to build a complete on-chain payment stack, enabling stablecoins to truly operate in real payment scenarios.

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