Polygon Labs is in early-stage talks to raise $50 million to $100 million in equity for a regulated stablecoin payments business. The planned round comes as the company looks to expand its payment infrastructure and carve out a business line tied to stablecoin usage, which has been climbing across institutional and enterprise channels.
According to The Information, the fundraising effort is being explored during a slower crypto market. Polygon Labs is looking at a dedicated unit centered on stablecoin payments, a move that would broaden its business beyond current market conditions and tie its growth more directly to payment activity.
Coinme and Sequence deals support the Open Money Stack
Polygon Labs signed agreements in January to acquire Coinme and Sequence. The company said those transactions complete key pieces needed for regulated payments and form the base of its Open Money Stack.
The platform combines blockchain rails, wallet infrastructure, and fiat integration inside one framework. Polygon says that structure enables end-to-end payments and is designed to support compliant transactions at scale. For enterprises, the setup is meant to simplify fund movement and reduce dependence on multiple providers across separate payment layers.
Stablecoin volumes are outpacing traditional systems
The strategy is tied to strong growth in stablecoin activity. Chainalysis said stablecoins processed $28 trillion in real economic volume during 2025, a sign that their role in global payments is expanding beyond crypto-native use cases.
In February 2026, monthly stablecoin transaction volume reached $7.2 trillion, topping the ACH network’s $6.8 trillion. That was the first time stablecoins moved above that system. At XRP Tokyo 2026, Ripple projected $33 trillion in onchain stablecoin volume for the full year, while Chainalysis estimated adjusted volume could climb to $719 trillion by 2035.
Polygon’s own network is seeing higher balances
Activity on Polygon is rising at the same time. Stablecoin balances on the network reached $3.4 billion by February 2026, up from $1.6 billion a year earlier. With fundraising talks underway, acquisitions already signed, and balances climbing onchain, Polygon Labs is aligning its next phase around regulated stablecoin payments infrastructure.