Polygon Labs' $250M Coinme Acquisition Shows Stablecoin Payments Entering A New Phase In 2026

Blockchain firm Polygon Labs (CRYPTO: POL) said on Tuesday it would buy crypto payments company Coinme and crypto infrastructure provider ​Sequence for $250 million to make its foray into the stablecoin-based payments market. At the time, Sandeep Nailwal, founder of the Polygon Foundation said in a press release, “We aspire Polygon to be the biggest stablecoin money movement avenue in the world."Stablecoins are digital tokens pegged to fiat currency, namely the dollar, and are increasingly being used as a p ...