Core Insights - Polygon Labs has announced a definitive agreement to acquire Coinme and Sequence for over $250 million, aiming to enhance its Polygon Open Money Stack [1][6] - The Open Money Stack is designed to provide integrated payment solutions for various financial entities, facilitating transactions with both U.S. dollar stablecoins and international stablecoins [3][4] Company Overview - Polygon Labs is a blockchain technology company focused on developing the Polygon ecosystem, which aims to improve the efficiency of blockchain transactions [2] - Coinme, founded in 2014, operates a fiat-to-crypto network with over 50,000 retail locations and holds money-transmitter licenses in 48 U.S. states [5] - Sequence provides wallet and application infrastructure across major networks and partners with Google Cloud for distribution [7] Acquisition Details - The acquisition of Coinme will make it a wholly owned subsidiary of Polygon Labs, pending regulatory approvals expected in Q2 2026 [6] - The integration of Sequence will enhance Polygon's ecosystem with enterprise smart wallets and a cross-chain orchestration engine [7][8] - The acquisition is anticipated to close in January 2026, creating a vertically integrated stack for seamless transactions from fiat accounts to on-chain activities [8] Market Impact - The combined businesses have processed over $1 billion in off-chain sales and facilitated more than $2 trillion in on-chain value transfers, indicating significant market activity [4] - Polygon aims to become a leading avenue for stablecoin money movement globally, as stated by its CEO [4]