Polygon Labs says it has signed definitive agreements to acquire a pair of US-regulated crypto payments firms.

Polygon says it’s buying the digital asset payments platform Coinme and wallet infrastructure provider Sequence for more than $250 million.

The deal aims to build the Polygon Open Money Stack to enable compliant stablecoin payments at global scale.

Coinme, founded in 2014, operates fiat-to-crypto services across 48 U.S. states with money-transmitter licenses, a network of over 50,000 retail locations and enterprise APIs.

It serves more than one million users and major partners.

Sequence, founded in 2017, provides smart wallets, a 1-click cross-chain engine and infrastructure supporting networks like Polygon, Arbitrum and Immutable.

Together with Polygon, the companies have processed over $1 billion in off-chain sales and more than $2 trillion in on-chain value transfers.

The Sequence transaction is expected to close this month, with the Coinme deal slated for Q2 2026, subject to regulatory approvals.