TLDR
- Polygon Labs is exploring raising up to $100 million to launch a stablecoin payment unit.
- The company has finalized agreements to acquire Coinme and Sequence for $250 million.
- The acquisitions are part of the creation of the “Open Money Stack” for scalable transactions.
- The stablecoin market is expected to exceed $2 trillion in total supply in the coming years.
- Polygon Labs’ stablecoin usage on its network reached $3.4 billion by February 2026.
Polygon Labs is exploring the possibility of raising to $100 million to launch a unit dedicated to stablecoin payments. The company aims to expand into regulated financial services and drive more transaction volume across its blockchain network. Polygon Labs‘ move is part of its broader strategy to tap into the growing demand for stablecoins and global payments.
Polygon Secures Strategic Acquisitions to Expand Stablecoin Infrastructure
As part of its push into stablecoin payments, Polygon Labs has finalized agreements to acquire Coinme and Sequence for $250 million. These acquisitions are essential to creating a unified system for scalable, regulated transactions. By integrating fiat access, wallet infrastructure, and blockchain technology, Polygon Labs aims to build the “Open Money Stack,” designed for seamless global payments.
Scoop: Polygon Labs is in early talks to raise up to $100 million to launch a new stablecoin payments business, according to sources.
It's rare for a blockchain developer to enter regulated payments business. With this move, Polygon hopes to drive stablecoin volume on its…
— Yueqi Yang (@Yueqi_Yang) April 8, 2026
The integration will provide businesses and institutions with a more reliable way to move funds quickly. Polygon Labs believes this unified approach will simplify transactions and support the increased institutional demand for stablecoins. The Open Money Stack will offer a comprehensive solution for companies seeking to incorporate blockchain-based payments in their systems.
Growing Demand for Stablecoins Drives Polygon Labs’ Strategy
With the stablecoin market projected to surpass $2 trillion in total supply in the coming years, Polygon Labs is positioning itself as a key player. Following the passage of the GENIUS Act in mid-2025, stablecoin regulations in the US have become clearer, accelerating institutional adoption. This regulatory shift is fueling the demand for stablecoin services, and Polygon Labs is looking to capture this growing market.
Stablecoin usage on the Polygon network reached an all-time high of $3.4 billion by February 2026. The value of stablecoins on the network more than doubled from $1.6 billion in January 2025. The network’s monthly transfer volume has also surged to $298 billion, bringing cumulative volume to $2.4 trillion.
Polygon Labs’ recent efforts reflect a broader trend in the blockchain space, where stablecoins are becoming increasingly vital for institutional and cross-border transactions. With its latest acquisitions and funding efforts, Polygon Labs is preparing for a future where stablecoins play a central role in global finance.
