Polygon has acquired Coinme and Sequence in a $250 million deal, according to Cointelegraph. Polygon Labs CEO Marc Boiron stated that these acquisitions are intended to position the network as a regulated payments platform. The goal is to facilitate the movement of stablecoins on-chain at scale. The development signifies Polygon's strategic move into the stablecoin payments sector, aiming to enhance its capabilities and market presence.

Polygon has acquired Coinme and Sequence in a $250 million deal, according to Cointelegraph. Polygon Labs CEO Marc Boiron stated that these acquisitions are intended to position the network as a regulated payments platform. The goal is to facilitate the movement of stablecoins on-chain at scale. The development signifies Polygon's strategic move into the stablecoin payments sector, aiming to enhance its capabilities and market presence.