Polygon Labs signs over $250 million deal to acquire Coinme and Sequence January 13

On January 13, Polygon Labs said it signed an agreement to acquire Coinme and Sequence for over $250 million. The deal targets stablecoin payments and cross-border settlement, leveraging Coinme's 48-state licenses and 50,000 fiat-to-crypto locations plus Sequence's enterprise wallets and cross-chain tech. Meanwhile, POL fell from $0.18 to $0.15 before rebounding to $0.16.