Polygon's ambitions have grown even bigger. This Layer 2 leader has recently made a major move, investing over $250 million to acquire two crypto startups—Coinme and Sequence.

Just by looking at this combination, you can guess their plans: Coinme holds licenses related to US fund transfers and mainly handles two-way exchanges of cash and crypto assets. It also has a substantial offline network of crypto ATMs, serving as a solid bridge to the fiat world. As for Sequence, it specializes in wallets and blockchain infrastructure—hardcore components of the ecosystem.

With these two companies merging, Polygon effectively hits two birds with one stone—solving the real-world use cases for stablecoins and enhancing the technical stack of payment infrastructure. From code to ATMs, from wallets to fiat channels, the ecosystem's closed-loop feel is becoming increasingly strong.