Polygon Labs has announced acquisitions of U.S.-licensed payments firm Coinme and wallet infrastructure provider Sequence for over $250 million to advance its Open Money Stack for regulated stablecoin payments. Coinme offers extensive U.S. licensing and a physical fiat-to-crypto network, while Sequence adds smart wallet technology and cross-chain payment capabilities. The combined platform aims to enable compliant fiat on/off-ramps and seamless cross-chain stablecoin settlements with reduced fees and improved scalability.

