Polygon is moving fast to lock down regulated payments in the U.S. On July 24, Polygon Foundation CEO Sandeep revealed plans to acquire Coinme and Sequence — Coinme holds money transmitter licenses in 48 states and runs 50,000+ retail locations, while Sequence provides embedded wallet infra and cross-chain orchestration. The deals give Polygon direct control over the full payment stack: regulated fiat on/off ramps, blockchain settlement, and user-facing wallets.
Coinme: A licensed gateway with 50,000 physical touchpoints
Coinme’s main asset is its money transmitter license coverage across 48 U.S. states and a network of over 50,000 physical retail locations, mostly inside grocery and convenience stores where users can buy crypto with cash. On top of that, Coinme offers enterprise-grade APIs for custody, trading, and fiat on-ramps. Instead of spending years applying for individual state licenses, Polygon now inherits a compliance-ready pipeline that banks, fintechs, and payment providers can plug into. Coinme’s existing enterprise relationships and user base also expand Polygon’s reach overnight.
Sequence: Embedded wallets that erase the user-friction barrier
The second acquisition targets the biggest pain point in crypto payments: user onboarding. Sequence’s embedded wallet SDK lets apps offer crypto payments, token swaps, and gas management inside their own interface — no private keys, no seed phrases. Its cross-chain orchestration tools allow users to move assets across different blockchains with a single action. For Polygon, this fills the missing piece: even the fastest L2 is useless if the wallet experience frustrates users. Sequence makes blockchain payments feel as simple as tapping a card.
Vertical integration: What Polygon is building
Together, Coinme and Sequence complete Polygon’s vision of a vertically integrated payment platform — one that handles licensed fiat access, on-chain execution, and end-user wallets. The market doesn’t need another high-throughput chain; it needs a compliant bridge that traditional enterprises trust. Polygon chose to buy both the regulatory entry point (Coinme) and the user entry point (Sequence), solving compliance and UX in one move. Combined with Polygon’s own low-cost, high-speed infrastructure, the stack can support instant global settlement under U.S. regulatory frameworks.
R25’s rcUSD+ token brings institutional-grade yield to Polygon
Meanwhile, R25, a protocol focused on real-world assets and stablecoins, launched its yield-bearing token rcUSD+ on Polygon mainnet. The token is pegged to a stablecoin and generates returns through allocations to traditional assets like U.S. Treasuries and repurchase agreements, distributing those yields to holders. R25 chose Polygon for its low transaction costs and fast finality — essential for distributing small, frequent interest payments. rcUSD+ turns Polygon into more than just a payment rail; it adds an asset-side magnet that encourages users to park funds on-chain while earning bond-like yields.
The picture is now clearer: regulated on/off ramps (Coinme) + seamless wallet UX (Sequence) + on-chain yield assets (R25/rcUSD+) + Polygon execution. Four layers aimed at the same bottleneck that has kept blockchain from mainstream payments — making the experience as smooth as Alipay while keeping it compliant enough for SWIFT-era institutions.