Markets
Polygon Labs Opens Talks to Raise $100 Million for Stablecoin Payments Unit Built on Coinme and Sequence
Polygon Labs is seeking between $50 million and $100 million in equity to fund its Open Money Stack stablecoin payments business, built on the Coinme and Sequence acquisitions it completed in January. The raise positions Marc Boiron's company as a settlement layer underneath Stripe, Mastercard, and the banks, rather than a consumer-facing payments brand.
·Jessica Miles