Polygon Labs, the blockchain firm behind Polygon, is considering a $100 million funding round to launch a dedicated stablecoin payment unit. The move is part of a broader strategy to enter regulated financial services and increase transaction volume on its network.
The company recently acquired Coinme and Sequence for $250 million, forming the core of what Polygon calls the 'Open Money Stack.' This system combines fiat access, wallet infrastructure, and blockchain technology to streamline global payments for institutions.
With the passage of the GENIUS Act in mid-2025, stablecoins now have a clearer regulatory path in the U.S. This has spurred institutional adoption. The stablecoin market is projected to surpass $2 trillion in total supply soon.
By February 2026, Polygon’s stablecoin supply hit $3.4 billion-more than double the $1.6 billion recorded in early 2025. Monthly transfers reached $298 billion, pushing cumulative volume to $2.4 trillion.