Polygon Labs to acquire Coinme and Sequence in stablecoin payments push

Core Insights - Polygon Labs is acquiring Coinme and Sequence to enhance its stablecoin payment capabilities, supporting its Open Money Stack framework set to launch in 2026 [1][6] Group 1: Acquisition Details - Coinme operates a regulated digital currency payments business, allowing users to convert cash into cryptocurrency, and holds money-transmitter licenses in 48 US states [2] - Coinme manages over 50,000 locations for cash-to-crypto exchanges and serves over one million users through its consumer payments app [2] - Sequence provides technology to simplify crypto transfers across multiple blockchains, complementing Polygon's interoperability efforts [3][4] Group 2: Technology and Infrastructure - Sequence's offerings include enterprise-grade smart wallets and a 1-click cross-chain routing engine called Trails, which simplifies the user experience by hiding blockchain complexities [4] - Sequence's infrastructure is already utilized across various blockchain ecosystems, including Polygon, Immutable, and newer networks like SKALE and Etherlink [5] - Once integrated, Sequence and Trails will function as an orchestration layer, facilitating seamless money transfers across different chains without user intervention [6]