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