PANews reported on January 13th that, according to Fortune, Polygon Labs announced the acquisition of two crypto startups, Coinme and Sequence, for over $250 million to strengthen its stablecoin payment network. Coinme holds remittance licenses in multiple US states and focuses on crypto ATM infrastructure; Sequence provides wallet and on-chain infrastructure services. Polygon stated that this move is a "reverse alignment" with Stripe's stablecoin strategy, aiming to build a complete on-chain payment stack.
Polygon Labs acquires Coinme and Sequence for over $250 million.
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