Polygon Labs Strengthens Payment Situation with $250 Million Acquisition Strategy

The cryptocurrency industry is witnessing a major shift in Polygon Labs’ strategy. This campaign has signed agreements to acquire two key companies - Coinme and Sequence - for over $250 million. This move reflects a market situation where blockchain platforms are no longer solely focused on technology but are also providing practical financial services for everyday people.

This change mirrors a broader industry strategy that goes beyond general-purpose blockchains and toward profitable financial services. As attention grows on stablecoins as a settlement layer, Polygon Labs is actively taking steps to become a leading player in the borderless payment landscape.

The Collector Strategy: Coinme and Sequence in a New Ecosystem

Coinme, one of the first Bitcoin ATM kiosk providers in the United States, brings regulated fiat access and on/off-ramp infrastructure to the Polygon ecosystem. This is not just a technical acquisition – it’s a strategic move to bring real-world financial rails onto the blockchain.

Meanwhile, Sequence contributes advanced smart wallet technology and cross-chain infrastructure designed to simplify crypto payment flows. The goal is to eliminate users’ worries about bridging, token swaps, or gas fees – everything remains seamless in the background.

“Just a payment-focused change, which we started 12 months ago and continue to develop,” said Marc Boiron, CEO of Polygon Labs. This shows that the situation in crypto payments is not an overnight decision but a long-term commitment with a clear roadmap.

Open Money Stack: The Answer to the Cross-Chain Payment Situation

These agreements will form the foundation of Polygon’s new “Open Money Stack” – a framework enabling stablecoin-based payments to operate seamlessly across traditional financial systems and on-chain rails.

The stack aims to combine three critical elements: blockchain settlement, wallet infrastructure, and fiat access into a developer-friendly interface. If launched in 2026, it will work across multiple blockchain networks, no longer confined to a single platform.

“We expect payments to be fully multi-chain. The fees are so large that there are always many chains,” Boiron said. This reflects a pragmatic approach – the limits of a single-chain strategy are becoming clear in the market.

Multi-Chain Payment Infrastructure: The Future of Financial Rails

Polygon Labs plans to showcase Coinme and Sequence as part of a unified payment platform for customers, while remaining separate entities for regulatory and licensing purposes.

“From an operational and technological perspective, it will be a situation where the market only sees one – the Open Money Stack. But in terms of licensing, it will be its own independent organization,” Boiron clarified.

This strategy reflects a broader industry trend: crypto projects are transforming from speculative digital goods into practical consumer platforms offering payment services, custodial solutions, and compliance – similar to modern neobanks but operating on blockchain infrastructure.

The Significance in the Crypto Adoption Landscape

This change is not just an internal restructuring – it’s a statement about the market situation. As stablecoins become mainstream as a settlement mechanism, builders see no shortcuts – regulated fiat access, robust wallet infrastructure, and seamless multi-chain experiences are necessary.

Polygon Labs’ acquisition strategy signifies the maturity of the crypto ecosystem, where success is no longer about hype but about executing reliable, compliant financial infrastructure accessible to millions.