Polygon Labs Buys Coinme & Sequence – Crypto’s New Regulated Empire 🏰💰

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Oh, look! Polygon Labs has acquired U.S.-based crypto firms Coinme and Sequence in a deal valued at more than $250 million-because nothing says “innovation” like a government stamp of approval! 🧙‍♂️💸

Polygon Labs Sets Sights on Banks and Fintechs (And Also on Your Wallets) 💸

Polygon Labs disclosed Tuesday that the acquisitions position the firm to operate as a U.S.-regulated payments platform, bringing fiat onramps, offramps, and wallet infrastructure under one roof. Because who needs transparency when you can just say “magic” and move on? 🧙‍♀️

While the company did not reveal how the purchase price was allocated or how the deal was structured, it framed the move as a foundational step toward integrating traditional finance with blockchain-based systems. Because nothing says “trust” like a $250 million mystery! 🤷‍♂️

“Polygon to become U.S. regulated payments platform,” the company wrote in a post on X, adding that the goal is to “move all money onchain.” According to Polygon Labs, the combined stack enables regulated money movement in 48 U.S. states, access to more than 50,000 fiat-to- crypto locations nationwide, and one-click crypto transactions across chains. Because nothing says “convenience” like a blockchain that’s almost as easy as a tax form! 📄

Coinme brings the regulatory muscle. The firm holds money-transmitter licenses across most of the U.S. and operates a licensed wallet infrastructure already embedded in tens of thousands of retail locations. Coinme’s licenses are so shiny, they could double as a disco ball! 🕺

Backed by investors including Pantera Capital, Digital Currency Group, Coinstar, Circle Ventures, and Moneygram, Coinme serves enterprise clients such as Exodus, Coinstar, and Baanx, along with more than 1 million users on its consumer payments app. For Polygon, that network offers instant scale-and regulatory cover. Because nothing says “safety” like a bunch of guys in hoodies with a spreadsheet! 🧑‍💻

Sequence, meanwhile, handles the user experience. The platform specializes in embedded wallets and abstracting blockchain complexity so users never have to think about bridges, swaps, or gas fees. Sequence’s tools are already deployed across major ecosystems such as Polygon, Arbitrum, Immutable, and Magic Eden. Because nothing says “simplicity” like a blockchain that’s almost as easy as a tax form! 📄

Together, Polygon’s blockchain rails, Coinme’s regulated payment network, and Sequence’s wallet and cross-chain layer form what the company calls the Polygon Open Money Stack-an end-to-end system aimed squarely at banks, fintechs, and enterprises looking to move dollars and digital assets onchain without regulatory guesswork. Because who needs clarity when you can just say “decentralized” and call it a day? 🤷‍♀️

FAQ

  • What did Polygon Labs acquire?
    Polygon Labs acquired Coinme and Sequence in a deal valued at more than $250 million. Because nothing says “investment” like a $250 million leap of faith! 🧠
  • Why is Coinme important to the deal?
    Coinme provides regulated U.S. money-transmitter licenses and fiat onramps across 48 states. Because who needs a license when you can just say “trust us”? 🤝
  • What does Sequence add to Polygon?
    Sequence supplies embedded wallets and cross-chain payment tools that simplify onchain transactions. Because nothing says “user-friendly” like a blockchain that’s almost as easy as a tax form! 📄
  • What is Polygon Open Money Stack?
    It is Polygon’s vertically integrated platform combining blockchain rails, regulated payments, and wallet infrastructure. Because who needs a “stack” when you can just say “magic”? 🧙‍♂️

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2026-01-14 00:57