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Gate Square New & Returning Creator Rewards are ongoing!
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Polygon Labs announces the acquisition of two crypto startups, Coinme and Sequence, for over $250 million, to advance its stablecoin and payments strategy. Coinme holds multiple US money transfer licenses and mainly focuses on cash and crypto asset exchanges (including crypto ATMs), while Sequence provides wallet and other blockchain infrastructure. Polygon Labs states that this move aims to build a comprehensive fintech capability covering the stablecoin "full stack" and directly compete with Stripe's payment layout; Polygon's founder describes this as a "reverse Stripe" approach—Polygon first has a public chain, then fills in the payment and compliance layers through acquisitions.