Polygon invests $250 million to acquire two startups, upgrading stablecoin and payment strategies

Polygon Labs announces the completion of acquisitions of Coinme and Sequence, totaling over $250 million. Behind this significant acquisition is Polygon’s strategic ambition in the stablecoin and payments sectors. Both acquired companies have their strengths: Coinme holds a US remittance license, while Sequence focuses on blockchain infrastructure. This acquisition also resonates with the recent strong performance of the POL token, as the market seems to be betting on Polygon’s expansion.

Strategic Layout Behind the Acquisition

The two companies have different values

According to Polygon Labs CEO Marc Boiron and Polygon Foundation founder Sandeep Nailwal, this acquisition is primarily to support the blockchain network’s stablecoin strategy.

Both acquired companies possess unique value:

According to relevant information, the acquisition price for Coinme was $125 million, which means the acquisition price for Sequence is also in a similar range. Although Polygon Labs declined to disclose specific price breakdowns and transaction methods (cash, equity, or a mix), the scale of this deal indicates Polygon’s emphasis on its stablecoin strategy.

Why Stablecoin Strategy Is Important

Stablecoins have become fundamental infrastructure in the crypto industry. By acquiring Coinme and obtaining a US remittance license, Polygon can directly participate in cross-border payments, fiat currency exchanges, and other practical applications. This not only complements the ecosystem but also signifies Polygon’s upgrade from a pure blockchain network to a payment network.

Meanwhile, Sequence’s crypto wallet and infrastructure capabilities can provide better user experiences within the Polygon ecosystem, which is crucial for the promotion and application of stablecoins.

Market Response Is Already Evident

On-chain data shows increased activity in the Polygon ecosystem. According to relevant information, after the Dandeli hard fork, Polygon’s capacity increased by 30%, reaching a new all-time high in network usage. Notably, in the past 7 days, 5 days experienced net outflows from exchanges, reflecting an increasing willingness among holders to accumulate.

The performance of the POL token also confirms market optimism: a 7-day increase of 47%, 24-hour rise of 9.8%, and a 24-hour trading volume surge of 68% to $592 million. This acquisition announcement is likely one of the recent catalysts for the positive fundamentals.

Summary

Through this $250 million dual acquisition, Polygon’s layout in the stablecoin and payments sectors becomes clearer. Coinme’s US license provides a compliant foundation for physical payments, while Sequence’s infrastructure enhances ecosystem capabilities. This is not just a capital operation but also a signal of Polygon’s upgrade from a simple blockchain scaling solution to a payment network. The market has already responded positively with POL’s strong performance, and the key going forward is whether these two companies can quickly integrate into the Polygon ecosystem to promote stablecoin and payment applications.