Polygon Pushes Into Regulated Payments With Major U.S. Acquisitions

Source: Coindoo Original Title: Polygon Pushes Into Regulated Payments With Major U.S. Acquisitions Original Link:

Polygon is taking a decisive step beyond blockchain scaling by pushing directly into regulated payments infrastructure.

The network’s developer arm, Polygon Labs, has agreed to acquire U.S.-based crypto payments firm Coinme and wallet infrastructure provider Sequence in transactions valued at more than $250 million.

Key takeaways

• Polygon is expanding from blockchain infrastructure into regulated payments
• The deals add U.S. licensing, fiat rails, and embedded wallet technology
• The strategy centers on making stablecoin payments usable at enterprise scale

Rather than focusing on faster blocks or lower fees, the acquisitions target control over how money enters, moves through, and exits blockchain systems. Coinme contributes a nationwide regulatory footprint, including money-transmitter licenses across forty-eight U.S. states, along with established fiat on- and off-ramps. Sequence complements this with embedded wallets and cross-chain payment tools tailored for banks, fintech firms, and large enterprises.

Together, these elements form what Polygon calls the “Polygon Open Money Stack” — a unified platform that blends blockchain settlement, regulated money movement, and wallet infrastructure. The intent is to allow stablecoin payments to function seamlessly in the background, without exposing users or businesses to onchain complexity.

Building a Full-Stack Payments Network

Polygon CEO Marc Boiron has described the move as a shift toward operating like a regulated payments provider. As enterprises cautiously explore blockchain use cases, he argues, demand is gravitating toward compliant, end-to-end systems rather than experimental decentralized applications. Polygon’s objective is to offer a vertically integrated stack that enables stablecoins to move value globally through a single platform.

Coinme also brings a physical distribution layer. The company operates more than 50,000 cash-to-crypto kiosks and ATMs across the United States, extending Polygon’s reach into retail environments. Sequence, by contrast, focuses on reducing friction at the user interface level, using embedded wallets and its orchestration layer to handle cross-chain transfers, token swaps, and gas fees behind the scenes.

Despite the scale of the move, Polygon has been careful to position itself as a partner rather than a challenger to traditional payments companies. Boiron has pushed back on comparisons to certain payment platforms, noting that most enterprises are still early in their stablecoin adoption and that Polygon aims to work alongside existing financial players.

The broader context is a rapidly intensifying race around stablecoin infrastructure in the United States. Since the passage of the GENIUS Act in mid-2025, tokenized dollars have become a strategic priority across crypto, fintech, and traditional payments.

Certain payment platforms have announced their payments-focused blockchain initiatives, while other major payment service providers continue expanding stablecoin offerings beyond Ethereum to alternative networks. Global networks Visa and Mastercard are also positioning around stablecoin settlement, alongside initiatives involving USD Coin and Euro Coin.

Against this backdrop, Polygon’s acquisitions signal a clear strategic pivot. The network is no longer content to sit beneath applications as neutral infrastructure. Instead, it is aiming to become a regulated bridge between traditional finance and onchain payments — one where stablecoins function as invisible, enterprise-ready money rails rather than niche crypto assets.