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]

Polygon Labs announced on Jan. 13 it would acquire crypto payments company Coinme and infrastructure provider Sequence for more than $250 million. The blockchain developer is building a regulated payments platform for stablecoin transactions in the United States. The deals bring money transmitter licenses across 48 U.S. states and a physical network spanning more than 50,000 retail locations where customers can convert cash to cryptocurrency, according to Polygon’s announcement. The firm described the ...

Crypto infrastructure builder Polygon Labs said it has signed definitive agreements to acquire crypto payments firm Coinme and wallet infrastructure provider Sequence for more than $250 million, as it looks to expand Polygon’s role in stablecoin-based payments and onchain money movement. The move comes as crypto projects increasingly position themselves as neobank-like platforms, offering payments, custody and compliance services that resemble traditional digital banks, but operate on blockchain rails. Th ...

Core Insights - The CEO of the Polygon Foundation emphasized that the growth of the Polygon ecosystem directly benefits POL token holders, reinforcing the value accrual mechanisms for the token [1] - Following a recent announcement, POL experienced a price surge but subsequently faced a decline, reflecting typical market volatility [3] Financial Performance - Polygon's daily revenue increased significantly from approximately $13,000 in mid-December to around $200,000 recently, despite a drop in active addresses from 2.9 million to about 489,000 [2] - The network's transaction counts reached 5.9 million in a single day, although this figure is lower than Base's 10.1 million [4] Token Mechanics - POL's deflationary design includes burning 100% of base transaction fees, with a recent single-day burn of 3 million POL, suggesting an average daily burn rate of 1.5 million POL could lead to an annual deflation of about 5% of total supply [4] - Three primary benefit streams for POL holders were identified: transaction fees, staking rewards, and future interoperability fees from Agglayer [3] Strategic Initiatives - The introduction of the "Open Money Stack" aims to transition all money on-chain, targeting the multi-trillion-dollar global money movement market [5] - This initiative is viewed as a significant step towards mainstream adoption in the crypto industry, integrating various financial tools into a modular framework [6]

Polygon‘s POL token is in the midst of a price surge propelled by a shift in company strategy, a rumored acquisition, and a record high daily burn rate to start 2026. As of Jan. 9 and the time of this article’s publication, POL is trading at $0.1558. This puts it up 16.59% over the last 24 hours, with an intraday price high of $0.1584. Trading volume for this period reached nearly $312 million, up 167% overnight. This movement marks the single largest price increase among cryptocurrencies over the past 2 ...

Polygon Labs has unveiled the Open Money Stack, a new set of rails designed to support regulated stablecoin payments and close the infrastructure gap between wallets, fiat access, routing and orchestration, compliance, and on-chain settlement. The launch comes as stablecoins increasingly function as a global settlement layer, even as the surrounding infrastructure remains fragmented and difficult to scale without recreating closed financial networks. Polygon Labs says the Open Money Stack is intended to ...