Polygon Labs acquires two crypto startups, Coinme and Sequence, with a total acquisition amount exceeding $250 million

According to Odaily, Polygon Labs has announced the completion of its acquisition of cryptocurrency startups Coinme and Sequence, with a total purchase price exceeding $250 million. However, Polygon Labs declined to disclose the specific acquisition price for each company or whether the transaction was conducted in cash, equity, or a combination of both. Polygon Labs CEO Marc Boiron and Polygon Foundation founder Sandeep Nailwal stated that this acquisition aims to support the blockchain network's stablecoin strategy. Coinme holds a series of remittance licenses in the United States, while Sequence is focused on building blockchain infrastructure, including crypto wallets. (Fortune)