Polygon Labs explores raising up to $100 million to launch stablecoin payment unit

Polygon Labs, the company behind the Polygon blockchain, is exploring raising up to $100 million for a new unit focused on stablecoin payments, as it looks to expand into regulated financial services and drive greater transaction volume on its network, The Information reported Wednesday, citing sources familiar with the matter.

This comes after the team reached agreements to purchase Coinme and Sequence for $250 million as part of its push into stablecoin payments. The deals form the foundation of a unified system for regulated, scalable transactions by combining fiat access, wallet infrastructure, and blockchain rails called the “Open Money Stack.”

According to Polygon Labs, the integration aims to simplify global payments and enable fast, reliable movement of funds for institutions and businesses.

The passage of the GENIUS Act in mid-2025 gave stablecoins a clearer regulatory framework in the US, and institutional adoption has accelerated since. The stablecoin market is projected to grow past $2 trillion in total supply within a few years.

Polygon Labs is increasingly used as a major network for large-scale digital dollar movement.

By February 2026, stablecoin supply on the Polygon network reached an all-time high of $3.4 billion, more than doubling from $1.6 billion in January 2025, according to a recent report. Monthly transfer volume climbed to $298 billion, bringing cumulative volume to $2.4 trillion.