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

Particle Founder: The entrepreneurial insights I have gained the most from in the past year

Huang Renxun's latest podcast transcript: The future of Nvidia, the development of embodied intelligence and agents, the explosion of inference demand, and the public relations crisis of artificial intelligence

OKX Ventures Research Report: AI Agent Economic Infrastructure Research Report (Part 1)

The migration of settlement rights: B18 and the institutional starting point of on-chain banks

From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment

The second half of stablecoins no longer belongs to the crypto circle

Cursor "Shell" Kimi Controversy Reversed: From Copyright Infringement Allegations to Authorized Collaboration, China's Open Source Model Once Again Becomes a Global AI Foundation

The Real Reason Tokens Don't Sell: 90% of Crypto Projects Overlook Investor Relations

Is the income of pump.fun real, earning a million dollars a day despite the market downturn?

The real reason why tokens are not selling: 90% of crypto projects neglect investor relations

Who is the true winner of the "Tokenization" narrative?

Moss: The Era of AI-Traded by Anyone | Project Introduction

Chip Smuggling Case Exposes Regulatory Loophole | Rewire News Evening Update

How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Ritmex demonstrates how disciplined risk control and structured signals can make an AI crypto trading bot more stable and reliable on WEEX, highlighting the importance of combining execution discipline with scalable AI trading systems.

Old Indicator Fails, Three Major New Signals Emerge: BTC True Bottom May Still Be Below $60K

Meeting OpenClaw Founder at a Hackathon: What Else Can Lobsters Do?

Huang Renxun's Latest Podcast Transcript: NVIDIA's Future, Embodied Intelligence and Agent Development, Soaring Demand for Inferencing, and AI's PR Crisis
How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Crypto_Trade shows how structured inputs and controlled adaptability can build a more stable and reliable AI crypto trading bot within the WEEX AI Trading Hackathon, highlighting a practical path toward scalable AI trading systems.