Build on the Open Money Stack

tl;dr: 

• Polygon Labs is acquiring Coinme and Sequence to complete the core infrastructure for regulated stablecoin payments and money movement
• Coinme brings licensed U.S. fiat on- and off-ramps + more than a million existing users
• Sequence brings wallet infra and 1-click cross-chain transactions 
• Together with Polygon, they will power the Open Money Stack: one vertically integrated solution for compliant, global stablecoin payments
• Polygon Labs becomes a revenue-generating blockchain payments company 

The vision is simple: empower anyone, anywhere to move money instantly.

To get there, 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. 

Today, we’re excited to announce that Polygon Labs has signed definitive agreements to acquire Coinme and Sequence, bringing together licensed fiat on- and off-ramps, enterprise wallets, and onchain orchestration in one integrated solution. 

Together, these acquisitions form the foundation for the Open Money Stack, an open and integrated stack of services and technologies to enable regulated stablecoin payments and money movement, running on Polygon’s blockchain rails. 

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In practice, the Open Money Stack will change how money behaves. Payments can settle in seconds instead of days; funds move across borders without correspondent banks or cutoff times; and money arrives as expected, stays usable onchain, and is put to work immediately. 

Why this matters is simple. Stablecoins already act as money. What’s missing is the infrastructure to connect them cleanly to existing financial systems. Right now, there is no easy way to plug in legacy systems without fragmentation, regulatory uncertainty, and operational complexity. 

These acquisitions close that gap, and help make money movement predictable and invisible, so people and businesses don’t have to think about settlement, delays, or failure cases. 

Below, this post answers questions about what these acquisitions mean, and how they’re accelerating the Polygon Labs mission. 

Coinme: Regulated access to U.S. money movement

Coinme brings something rare in crypto payments: licensed access to the U.S. financial system. Coinme already operates inside the U.S. financial system, connecting cash, debit rails, and digital assets under existing regulatory frameworks.

Through Coinme, Polygon gains:

• Operation in 48 U.S. states, through money-transmitter licenses and compliance infrastructure
• A crypto-as-a-service platform used by fintechs and enterprises
• Licensed wallet infrastructure and enterprise APIs
• A nationwide 50,000-location retail footprint

Coinme will operate as a wholly owned subsidiary of Polygon Labs, subject to customary regulatory approvals.

Backed by investors including Pantera, Digital Currency Group (DCG), Coinstar, Circle Ventures, and MoneyGram, Coinme already serves more than one million users of its consumer payments app.

Sequence: Making onchain payments simple and seamless

If Coinme anchors Polygon in regulated fiat access, Sequence makes onchain money usable at scale. Sequence complements and accelerates Polygon’s interoperability work, including Agglayer’s mission to unify all of crypto, while remaining focused on making payments feel simple and reliable.

Sequence brings:

• Enterprise-grade smart wallets
• Trails, a 1-click cross-chain routing and intents engine 
• Infrastructure that abstracts bridging, swaps, and gas from end users

In practice, this means applications can move stablecoins across networks without exposing users or payments teams to chain complexity.

Sequence embedded wallets achieve a 2X transaction conversion rate compared to non-Sequence wallets in the same app, while Trails, launched less than two months ago, has seen 10M+ tx volume to date.

Sequence and Trails are already used by global platforms and enterprises. Backed by Brevan Howard Digital, Initialized Capital, Coinbase, Polychain, Consensys, Take-Two Interactive, Ubisoft, and Bitkraft, Sequence’s infrastructure is already used across major blockchain ecosystems including Polygon, Immutable, Monad, Arbitrum, Magic Eden, and emerging networks such as SKALE, Etherlink, ApeChain, Soneium, and Somnia.

When integrated into Polygon’s stack, Trails and Sequence enable the orchestration layer that allows money to move where it needs to go, without users needing to know how it got there.

One integrated payments platform

Together, Coinme and Sequence bring key components of the Open Money Stack.

On top of Polygon’s high-performance blockchain infrastructure, Polygon Labs can now offer a single integration that includes:

• Regulated fiat on- and off-ramps
• Licensed wallet infrastructure
• Cross-chain payment orchestration
• Stablecoin settlement with fast, predictable finality
• Compliance-ready payments flows for enterprises and institutions

For banks, fintechs, merchants, and payout providers, this unlocks a new operating model with stablecoin payments that settle in seconds, price predictably, and clean integration with existing systems.

The result is an open payments platform that upgrades the existing financial stack. 

A real business, built for scale

By combining regulated access, enterprise infrastructure, and onchain settlement, Polygon Labs establishes a clear path to more than $100 million in annual revenue, driven by real payment flows. Combined, these companies have already processed $1B in offchain sales and $2T in onchain volume.

Revenue generation means Polygon Labs won’t have to depend on Polygon Foundation for token grants to continue operating.

Instead, Polygon Labs is building payments infrastructure that earns revenue the same way the global payments industry always has: by moving money reliably, at scale.

Why this matters now

Stablecoins are increasingly used as a settlement layer for global payments. But without regulation, orchestration, and integration, they remain difficult to deploy beyond early adopters.

Polygon enters this moment with proof of scale. The Polygon network has already facilitated more than $2.2 trillion in onchain value transfer, operating in production for millions of users and thousands of applications. Over the past year, adoption has accelerated sharply as global platforms and payments leaders, including Stripe, Polymarket, Revolut, and Flutterwave, have selected Polygon for onchain money rails, processing billions in real payment and settlement volume.

With Coinme and Sequence running on Polygon rails, it’s now possible for existing financial systems to plug directly into onchain money and get better outcomes. 

That means faster settlement, lower fees, predictable execution, and capital that doesn’t sit idle.

Polygon is building the Open Money Stack to make it work.

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