Polygon Labs has announced the acquisition of two crypto startups, Coinme and Sequence, for over $250 million. This strategic move aims to enhance Polygon's stablecoin and payment capabilities. Coinme, known for its cash and crypto exchange services including crypto ATMs, holds multiple U.S. money transfer licenses. Sequence provides blockchain infrastructure such as wallets. Polygon Labs intends to build a comprehensive fintech stack for stablecoins, positioning itself as a competitor to Stripe's payment solutions. The company's founder described this as a "reverse Stripe" approach, where Polygon first established its blockchain and is now expanding into payments and compliance through acquisitions.