Overview
- Polygon announced binding agreements to acquire Coinme and Sequence for more than $250 million, with Sequence expected to close later this month and Coinme in the second half of 2026 subject to regulatory approvals.
- Coinme brings regulated fiat on- and off-ramps including money transmitter licenses in 48 states, FinCEN registration, and access to more than 50,000 U.S. retail locations through partners such as Coinstar.
- Sequence adds enterprise smart wallets and cross-chain transaction routing designed to simplify moving assets across multiple blockchains.
- The strategy aims to make Polygon a regulated U.S. payments provider for stablecoin transactions via its Open Money Stack, with an initial focus on business-to-business use cases.
- Polygon declined to disclose the individual deal prices and disputed outside reports on the split, and executives noted Coinme’s 2025 actions by California and Washington regulators while expressing confidence in its compliance.