Polygon Splashes Over $250 Million to Acquire Two Crypto Startups, Taking Aim at Stripe-Style Stablecoin Landscape

By: theblockbeats.news|2026/01/13 22:30:14

BlockBeats News, January 13th, Polygon Labs announced the completion of the acquisition of two cryptocurrency startups, Coinme and Sequence, with a total transaction amount exceeding $250 million. Polygon Labs did not disclose the individual transaction amounts or specify whether the payment was in cash, equity, or a mixed form.

Polygon Labs CEO Marc Boiron and Polygon Foundation founder Sandeep Nailwal stated that this acquisition is a key part of the company's stablecoin and payment strategy, aiming to strengthen Polygon's presence in the payment infrastructure sector.

Among them, Seattle-based Coinme focuses on cash-to-crypto exchange services, operates a cryptocurrency ATM network in the United States, and holds multiple state-level money transfer licenses; New York-based Sequence provides blockchain infrastructure services, including cryptocurrency wallets.

Nailwal bluntly stated that this move will propel Polygon Labs into direct competition with Stripe. Over the past year, Stripe has successively acquired stablecoin startups, cryptocurrency wallet companies, and launched its own blockchain for payment scenarios, aiming to control the complete stablecoin technology stack from payment processing to user asset storage.

Overall, Polygon Labs is seeking to establish itself in the new round of stablecoin infrastructure competition, competing head-to-head with traditional fintech giants.

-- Price

The widespread adoption of on-chain financial applications still faces an invisible barrier: the lack of transaction order certainty. Under a single leader architecture, nodes can delay, censor, or even front-run user transactions, thus completely distorting the game among market makers, bidders, an...

Founder of Delphi Labs: My observations and feelings about the AI ecosystem in China in two weeks

Delphi Labs co-founded a deep observation of China's AI ecosystem: hardware manufacturing is quietly winning the global war at an astonishing speed, but the software sector is mired in an overvaluation bubble and the homogenization of founders.

AI Seating Chart Released | Rewire News Morning Brief

Musk and Ultraman are not above

Is the era of Embodied AI's "GPT Moment" Approaching? Axis Robotics Announces End of Testing, Set to Launch on Base Chain

Axis's answer is yes - provided that a thorough reshaping of the scale-up production of robotic data is required, and a redefinition of the deployment paradigm in the physical world.

Meta Layoff Explained: On the same day as laying off 700 people, they handed out $90 billion in retention bonuses to executives

The money saved from laying off 700 people is approximately equivalent to Meta's 1.5 days of AI infrastructure spending

Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry

Bitpanda, Vision Web3 Foundation, and Optimism Partner to Onboard European Financial Institutions to the Global Blockchain Economy

Vision Chain aims to address the long-standing infrastructure bottlenecks in the European financial sector