Polygon to deploy $250 million to expand stablecoin payments and on-chain growth

Polygon Labs has embarked on a major acquisition push to expand stablecoin payments and on-chain financial infrastructure.

According to a report by AMB Crypto on the 15th (local time), Polygon Labs said it signed agreements on the 13th to acquire crypto payments firm Coinme and wallet-infrastructure provider Sequence for more than $250 million in total. The deals are part of a strategy to expand its footprint in stablecoin payments and cross-border on-chain money movement.

Coinme holds money-transmitter licenses in 48 U.S. states and provides on- and off-ramp services between fiat currency and digital assets through roughly 50,000 physical locations. Sequence, which offers enterprise wallets and cross-chain transaction technology, is expected to serve as a core component of Polygon’s push to build the “Open Money Stack.”

Polygon has already been rapidly scaling its stablecoin transaction throughput. Over the full year of 2025, the number of stablecoin transactions processed on the Polygon network reached about 452 million. According to DeFiLlama, Polygon’s daily average transaction count over the past two weeks has held at around 6 million, while the number of active addresses has ranged between 400,000 and 700,000.

However, separate from network expansion, token price action has been relatively weak. After rising to $0.18, POL fell to $0.15 on profit-taking and is currently trading around $0.16.

According to Coinalyze data, POL sell volume increased to about 835.86 million POL from the 10th to the 14th. As a result, the Relative Strength Index (RSI, an indicator of price overheating) fell from 85 to 65, and the Relative Vigor Index (RVGI, a gauge of trend strength) also turned lower, signaling a short-term bearish bias.

In the market, views are mixed: while Polygon Labs’ large-scale acquisitions could support stablecoin payments and broader on-chain finance over the medium to long term, some argue that in the near term POL’s price is failing to keep pace with network growth.