Blockchain firm Polygon Labs is acquiring Coinme and Sequence for over $250 million to capitalize on the rising demand for stablecoin-based transactions. Stablecoins are gaining traction post-Genius Act, but the market remains fragmented. Polygon aims to become a key player in the regulated U.S. payments space, starting with B2B transactions. Visa and Mastercard are competitors, but Polygon plans to focus on partnerships for growth. Coinme facilitates cash-to-crypto conversions, while Sequence simplifies cross-blockchain transfers.

Read more at Yahoo Finance: Polygon targets stablecoin payments with deals worth $250 million