Polygon Labs Acquires Coinme and Sequence to Enhance US Crypto Payments
- Polygon Labs has acquired U.S.-based crypto firms Coinme and Sequence.
- The deal is valued at more than $250 million.
- This acquisition marks a strategic pivot towards regulated onchain payments infrastructure.
- Polygon Labs aims to operate as a U.S.-regulated payments platform.
Polygon Labs’ acquisition of Coinme and Sequence for over $250 million highlights its strategic move towards establishing a regulated onchain payments infrastructure in the U.S. This positions Polygon Labs to potentially collaborate with banks and fintech companies, enhancing its role in the DeFi space.
The significant investment underscores Polygon Labs’ commitment to expanding its presence in the regulated crypto payments sector, aiming to bring fiat transactions onto blockchain platforms. Source
