Polygon Labs makes a major move in the payments sector—investing over $250 million to acquire two crypto startups, Coinme and Sequence. This strategic move directly targets the market gap in stablecoins and on-chain payments. Coinme holds multiple US money transfer licenses and primarily facilitates two-way exchanges between cash and crypto assets. Its flagship product is crypto ATMs, covering offline entry points. Sequence focuses on wallet solutions, providing underlying blockchain infrastructure support. With one company attacking and the other defending, Polygon aims to connect the payment chain from on-chain to offline, bringing the advantages of stablecoins and DeFi into real-world transaction scenarios. This acquisition reflects a shift in Web3 ecosystem competition from technological upgrades to application expansion.