Polygon Labs has struck a major strategic deal — signing an agreement on January 13 to acquire crypto payments firm Coinme and wallet infrastructure provider Sequence for more than $250 million. The move is designed to accelerate Polygon’s push into stablecoin-driven payments and cross‑border on‑chain settlement, anchoring what the company calls its upcoming “Open Money Stack.” Why this matters - Stablecoin demand has surged since the U.S. Congress passed the Genesis Act last year, pushing institutions and mainstream merchants toward crypto-based payments. Polygon’s acquisitions target that momentum, positioning the network as a one-stop rails provider for fiat-to-crypto flows and enterprise on‑chain money movement. - The market is already seeing rivals attempt similar bank-like transitions to on‑chain infrastructure; Polygon’s purchases represent one of the more concrete steps toward building that broader plumbing. What Polygon bought - Coinme: Brings money‑transmitter licenses in 48 U.S. states and access to roughly 50,000 retail locations for fiat-to-crypto services — a major boost to Polygon’s fiat on‑ramp footprint. - Sequence: Adds enterprise wallet solutions and cross‑chain transaction technology that will help Polygon stitch together payments across chains and simplify treasury and payouts for businesses. How this fits into Polygon’s roadmap Polygon intends to fold these capabilities into its “Open Money Stack,” aiming to combine regulated fiat rails, stablecoins and cross-chain settlement to make on‑chain payments faster and more compliant. The acquisition leverages last year’s roughly 452 million stablecoin transactions and seeks to scale mainstream payments, blending crypto speed with regulatory guardrails. On‑chain activity and user metrics - Network usage has exploded: Polygon recorded a record 1.4 billion transactions in 2025, and activity has stayed elevated into 2026. Over the past two weeks, daily transactions averaged about 6 million — with 6.11 million daily transactions at press time, per DefiLlama. - Active users have been strong as well, fluctuating between roughly 400,000 and 700,000 during the period — a sign of organic demand that can underpin broader token interest. Market reaction and token technicals (POL) - POL climbed to $0.18 but faced profit-taking that pushed it down to $0.15 before a minor rebound to $0.16 at press time. - Between January 10–14, sell volume surged to 835.86 million, according to Coinalyze, amplifying downside pressure. - Technical indicators: RSI dropped from about 85 to 65 (still technically in bullish territory), while the Relative Vigor Index (RVGI) recorded a bearish crossover to 0.24, suggesting weakening momentum. - Near-term price scenarios: continued seller pressure could see POL breach $0.15 and test $0.14 support. Conversely, if the market interprets the acquisitions positively, POL could retest $0.18 and eye a move toward $0.20+. Bottom line Polygon’s Coinme and Sequence acquisitions are a clear bet on the rising importance of regulated stablecoin rails and enterprise-grade on‑chain payments. The deal expands Polygon’s fiat on‑ramp and wallet infrastructure and significantly advances its Open Money Stack ambitions — even as the token weathers short-term profit-taking. Execution, regulatory developments, and institutional adoption will determine whether this acquisition translates into sustained growth for Polygon’s ecosystem and token. Disclaimer: This report is informational and not investment advice. Cryptocurrency trading involves substantial risk; readers should do their own research before making financial decisions. Sources: DefiLlama, Coinalyze, TradingView. Read more AI-generated news on: undefined/news