Polygon Labs has acquired crypto payment company Coinme and infrastructure provider Sequence for $250 million, aiming to establish itself as a leading global stablecoin payment channel. Currently, the circulating market cap of stablecoins has exceeded $270 billion and is increasingly regarded as a fundamental payment method, although Tether and USDC still dominate the market. Industry experts point out that while widespread payment applications may favor established tokens, emerging stablecoins can also succeed in niche areas such as DeFi yields or with support from mainstream payment systems like Stripe. Stripe currently offers stablecoin account services in over 100 countries/regions.