Polygon Labs acquires Coinme and Sequence for over $250 million to strengthen the stablecoin ecosystem layout

LayerZeroHero · 2026-02-17T03:05:05+00:00

Polygon Labs recently acquired Coinme and Sequence for over $250 million, aiming to strengthen its stablecoin ecosystem. Coinme provides compliance support, while Sequence focuses on blockchain infrastructure. The combination of the two will enhance Polygon's stablecoin applications and user experience in traditional finance, creating a closed loop of technology and compliance.

LayerZeroHero

2026-02-17 03:05:05

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According to Forbes, Polygon Labs has recently completed two major acquisitions of crypto startups Coinme and Sequence, with a total investment exceeding $250 million. Although Polygon Labs has not disclosed the specific purchase amounts for each company or the payment methods used, CEO Marc Boiron and Sandeep Nailwal, founder of the Polygon Foundation, explicitly stated in their announcement that this move is strategically aimed at—by integrating the core capabilities of these two companies—further strengthening Polygon’s competitiveness in the stablecoin sector.

Two Acquisitions Fill Shortcomings in the Stablecoin Ecosystem

In an era where dollar-pegged stablecoins serve as the foundation for crypto asset trading, Polygon is expanding its capabilities through these dual acquisitions. Coinme, a compliant company holding multiple remittance licenses in the U.S., provides a legal framework for the practical application of stablecoins. This means dollar-denominated stablecoins can be used and exchanged in real financial scenarios. Sequence focuses on blockchain infrastructure development; its crypto wallet products will serve as entry points for users to interact with stablecoins, enhancing the overall user experience within the ecosystem.

From Infrastructure to Compliance Channels: A Complete Closed Loop

This acquisition reflects Polygon’s strategy of vertical integration across the industry chain. The infrastructure-level wallets and Web3 tools provided by Sequence complement Coinme’s remittance licenses—one addresses technical issues, the other ensures compliance. This combination means that stablecoin ecosystems based on the Polygon network can not only circulate on-chain but also realize dollar value in the traditional financial world through compliant channels. The statements from the executives indicate that Polygon is aiming to create a complete closed loop—from technical infrastructure and wallet applications to fiat currency redemption—making stablecoins no longer just paper assets but truly usable stores of value.

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