Polygon said it will acquire Coinme and Sequence in a deal worth more than $250 million, a move that shifts the company toward regulated digital payments in the United States. The acquisitions bring together wallets, fiat on-ramps and off-ramps, compliance tools, blockchain settlement rails and cross-chain execution under one broader payments framework.
This is a strategy change, not a routine deal. Polygon is aiming to control more of the payment flow itself instead of relying on outside providers for wallet services, compliance and user access. The report also noted that Sandeep Nailwal had teased the announcement earlier on social media, saying people were not ready for what Polygon had coming next.
Coinme and Sequence add licensing and wallet infrastructure
Coinme gives Polygon money-transmitter licenses in 48 US states and access to more than 50,000 fiat-to-crypto locations. Those locations include Coinstar kiosks and retail partners across the country, allowing users to convert cash into digital assets through regulated channels.
Sequence adds smart wallets and one-click cross-chain transactions. That means users do not need to manage gas fees, bridges or swaps on their own, because those steps can happen in the background. Together, the two acquisitions fill in major parts of what Polygon calls its “Open Money Stack,” a payments system that combines wallets, stablecoins, compliance tools, blockchain rails and cross-chain transfers.
Single API model targets banks and fintechs
According to the report, a business using this stack could move from a bank account to blockchain settlement through a single API. Polygon is pitching that setup to banks, fintech firms, remittance platforms and payout providers. The company is no longer presenting itself only as blockchain infrastructure. It is moving closer to full financial infrastructure tied to actual payment flows.
The article lists regulated wallet services, fiat access, cross-chain payment execution and a large retail footprint as core pieces of the platform. That combination is unusual for a public blockchain, since regulated payment structures of this kind have more often been associated with private or permissioned systems.
Revenue focus shifts from token price to payment activity
The report said Polygon plans to generate revenue from transaction fees and stablecoin movement, with a target of more than $100 million annually. It also said POL is down over 60% from its peak, making this a notable attempt to build income that does not depend on token-price speculation alone.
In the market, POL rose almost 8% over the last 24 hours to around $0.1635. The article linked that move to the regulated payments push, 12.5 million POL burned in 2026, stronger network activity and a breakout above $0.164. It added that if POL stays above $0.16, traders may look toward $0.185 and $0.208. If it drops below $0.155, the next level mentioned was $0.131.