[Polygon Labs Spends Over $250 Million to Acquire Coinme and Sequence] 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 across multiple U.S. states and specializes in crypto ATM infrastructure, while Sequence provides wallet and on-chain infrastructure services. Polygon stated that this move is a 'reverse benchmarking' against Stripe's stablecoin strategy, aiming to build a complete on-chain payment stack.