Polygon Labs to Acquire Coinme and Sequence in $250 Million-Plus Push Into Regulated Stablecoin Payments

Overview

• Polygon said it signed definitive agreements to buy Coinme and Sequence for more than $250 million, declining to disclose the split as CEO Marc Boiron disputed reported deal-level figures.
• The Sequence transaction is expected to close later this month, while the Coinme deal is slated to close later and remains subject to regulatory approvals.
• Coinme brings U.S. money-transmitter licensing across 48 states, FinCEN registration, and a retail on‑ramp footprint reported at more than 50,000 locations.
• Sequence supplies enterprise smart wallets and cross-chain orchestration that removes the need for users to manage bridging, swaps, or gas fees.
• Boiron said Polygon’s objective is to become a regulated U.S. payments player with an initial focus on B2B payments, and he acknowledged Coinme’s 2025 state enforcement history while expressing confidence in its compliance.