Polygon Labs announced today that it has signed definitive agreements to acquire Coinme and Sequence. The acquisitions aim to create a comprehensive infrastructure for regulated stablecoin payments, enabling seamless money movement for institutions, fintechs, and enterprises across the United States and beyond.

The deal positions Polygon Labs as a key player in the evolving landscape of digital payments, combining licensed fiat on-ramps and off-ramps with advanced enterprise wallet solutions and cross-chain transaction capabilities. This integrated offering, dubbed the "Open Money Stack," is designed to facilitate compliant, global stablecoin transactions on Polygon's high-performance blockchain rails.

"Polygon Labs is rebuilding the way the world experiences money, combining blockchain rails with regulated infrastructure required for money to operate onchain, at global scale,"

the company stated in its announcement. The vision is to empower instant money transfers anywhere, eliminating delays, borders, and complexities associated with traditional financial systems.

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